Please find below a press release from Aedifica (a residential Belgian REIT), regarding the interim statement of the Board of Directors 3rd quarter 2013/2014. The key points are as follows:
- Signing of the purchase agreements for two rest homes in Germany: "Goldene Au" in Sonneberg, Thuringia and "Haus Dottendorf" in Bonn, North Rhine-Westphalia
- 3 rest homes fully operational after extension, renovation and redevelopment works, bringing the senior housing to 61 % of the fair value of marketable investment properties
- 97.1 % occupancy rate for the unfurnished portion of the portfolio (excluding furnished apartment buildings) and 76.8 % for the furnished portion (representing 9 % of the fair value of marketable investment properties) as of 31 March 2014
- 10 % increase in consolidated rental income as compared to 31 March 2013
- €739 million fair value of investment properties as of 31 March 2014, an increase of €96 million compared to 30 June 2013
- €146 million development projects pipeline as of 31 March 2014, 95 % pre-let
- 44.7 % debt-to-assets ratio as of 31 March 2014
- Unchanged dividend forecast for the current financial year (i.e. €1.86 gross per share)
