Aedifica SA: Annual press release - 2016/2017 annual results

Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2016/2017 annual results. The key points are:

  • Real estate portfolio of €1.5 billion as of 30 June 2017
     
  • 30 % increase in EPRA Earnings per share as compared to 30 June 2016
     
  • Investments totalling €371 million realised or announced since the €219 million capital increase of March 2017
     
  • Healthcare real estate now represents almost 82 % of the portfolio, or €1,244 million spread over 110 sites in three countries:
    • €891 million in Belgium (72 sites)
    • €209 million in Germany (22 sites)
    • €145 million in The Netherlands (16 sites)
       
  • Occupancy rate for the year ended 30 June 2017: 98.7 % for the unfurnished portion of the portfolio and 73.5 % for the furnished portion
     
  • Weighted average lease term: 20 years
     
  • 40.8 % debt-to-assets ratio as of 30 June 2017
     
  • €10 million increase in the fair value of investment properties incl. assets classified as held for sale recognised in the income statement for the 2016/2017 financial year
     
  • Proposed gross dividend distribution of €2.25 per share, a 7 % increase, representing a statutory pay-out ratio of 82 %
PDF Version



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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Aedifica via GlobeNewswire

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