Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2018/2019 half year results. The key points are:
- Rental income of €50.8 million as of 31 December 2018, a 14 % increase compared to 31 December 2017
- EPRA Earnings of €31.7 million as of 31 December 2018, a 12 % increase compared to 31 December 2017
- Confirmed dividend forecast for the current financial year (€2.80 gross per share, an increase of 12 %)
- Real estate portfolio of €2.0 billion as of 31 December 2018, a 13 % increase compared to 30 June 2018
- Healthcare real estate represents 85 % of the portfolio as of 31 December 2018, or €1,625 million spread over 159 sites in three countries:
- €996 million in Belgium (76 sites)
- €336 million in Germany (41 sites)
- €292 million in The Netherlands (42 sites)
- Acquisition of a portfolio of 92 healthcare properties announced in the United Kingdom
- Record level of €473 million of construction and renovation projects and acquisitions subject to outstanding conditions, exclusively in the healthcare real estate segment (excluding UK portfolio)
- Weighted average unexpired lease term: 20 years
- 47.4 % debt-to-assets ratio as of 31 December 2018
- First phase completed of the sale of residential portfolio shares
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