Please find below a press release from Aedifica (a residential Belgian REIT), regarding the interim statement of the Board of Directors for 1st quarter 2012/2013. The key points are as follows:
- Fair value of investment properties amounting to €606 million
- Very high occupancy rate of 97.4 % for the unfurnished portion of the portfolio
(representing 90 % of the fair value of marketable investment properties) - Occupancy rate of 78.6 % for the furnished portion of the portfolio
(representing 10 % of the fair value of marketable investment properties) - 11 % increase of the consolidated rental income compared to the 1st quarter of previous financial year
- Net asset value at €38.67 per share (i.e. €44.03 per share excluding IAS 39 impact), an increase of 4 % compared to 30 June 2012
- Debt-to-assets ratio of 48.3 %
- Publication on 9 November 2012 of the notice relating to the public offering of new shares within the framework of a capital increase in cash with preferential subscription rights
