Aedifica NV/SA: Results twelve-month period 30 June 2020

Source: GlobeNewswire
Aedifica NV/SA: Results twelve-month period 30 June 2020

Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the results for the twelve-month period ended 30 June 2020. The key points are:

  • EPRA Earnings* increased to €100.1 million as of 30 June 2020 (+39% compared to 30 June 2019), or €4.00/share as of 30 June 2020 (+7% compared to 30 June 2019)
  • Rental income increased to €163.4 million as of 30 June 2020 (+38% compared to 30 June 2019) due to the growth of the portfolio
  • Aedifica and Hoivatilat are joining forces in the Nordics: through a public tender offer Aedifica acquires Hoivatilat Oyj, a Finnish healthcare real estate investor with a build-and-hold strategy, and enters the Finnish and Swedish market
  • Real estate portfolio* of €3.4 billion as of 30 June 2020, an increase of more than €1,045 million compared to 30 June 2019 (+45%)
  • 454 healthcare sites for almost 32,000 residents in six countries:
    • €1,046 million in Belgium (78 sites)
    • €610 million in the United Kingdom (96 sites)
    • €590 million in Germany (71 sites)
    • €516 million in Finland (153 sites)
    • €426 million in the Netherlands (54 sites)
    • €4 million in Sweden (2 sites)
  • Pipeline of €590 million in acquisitions, construction and renovation projects
  • Weighted average unexpired lease term of 20 years and occupancy rate of 100%
  • 50.1% debt-to-assets ratio as of 30 June 2020
  • Successful first placement of a €40 million bond under the Sustainable Finance Framework
  • Payment of an interim dividend for the first 12 months of the (extended) financial year (€3.00 gross per share, an increase of 7% compared to the dividend for financial year 2018/2019)
  • Outlook for the extended financial year ending 31 December 2020: proposed gross dividend (after deduction of the above-mentioned interim dividend) of 1.60 € per share

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