Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2015/2016 annual results. The key points are:
- Real estate portfolio of €1.2 billion as of 30 June 2016
- Investments totalling €342 million realised or announced since the €153 million capital increase of June 2015
- Senior housing now represents almost 75 % of the portfolio, or €840 million spread across three countries:
- €685 million in Belgium (61 sites)
- €130 million in Germany (15 sites)
- €24 million in The Netherlands (4 sites)
- Occupancy rate for the year ended 30 June 2016: 98.1 % for the unfurnished portion of the portfolio and 78.6 % for the furnished portion
- 42.5 % debt-to-assets ratio as of 30 June 2016
- 20 % increase in rental income as compared to 30 June 2015, EBIT margin of 80 %
- 35 % increase in profit excluding changes in fair value as compared to 30 June 2015
- €11 million increase in the fair value of investment properties recognised in the income statement for the 2015/2016 financial year
- Proposed gross dividend distribution of €2.10 per share, an increase of 5 %, representing a statutory pay-out ratio of 92 %
- Aedifica received the "EPRA Gold Award" in September 2015 for its 2013/2014 Annual Financial Report, and in October 2015, was awarded the prize for the best financial communication among "Mid & Small Cap" from the Belgian Association of Financial Analysts.
- Market Capitalisation surpassed the €1 billion mark as of July 2016
