Please find below a press release from Aedifica (a residential Belgian REIT), regarding the interim statement of the Board of Directors for 3rd quarter 2012/2013. The key points are as follows:
- Two new investments realised in the senior housing segment since 1 January 2013:
- 't Hoge in West Flanders, and
- Helianthus in East Flanders
- Completion of the extension and renovation works of the "Seniorerie La Pairelle" rest home in the Province of Namur
- High occupancy rate of 97.3 % for the unfurnished portion of the portfolio and 82.7 % for the furnished portion
- 7 % increase in consolidated rental income as compared to 31 March 2012
- Increase in the fair value of marketable investment properties amounting to €7 million, i.e. + 1.15 %, recognised in income since 30 June 2012
- Fair value of investment properties amounting to €627 million, an increase of €48 million compared to 30 June 2012
- €152 million development projects pipeline, 95 % pre-let
- Inclusion of Aedifica in the EPRA Index
- New credit facilities in the amount of €80 million
- Unchanged dividend expectations for the current financial year (i.e. €1.78 gross per share)
