Aedifica NV/SA

2019/2020 half year results

Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2019/2020 half year results. The key points are:

• Rental income increased to €72 million as of 31 December 2019 (+42% compared to 31 December 2018)

• EPRA Earnings* of €46.6 million as of 31 December 2019, (+47% compared to 31 December 2018

• Confirmed dividend forecast for the current financial year (€3.00 gross per share, an increase of 7%)

• Real estate portfolio* of €2.6 billion as of 31 December 2019, an increase of more than €315 million compared to 30 June 2019 (+14%)

• 290 healthcare real estate sites for more than 21,000 residents in four countries:
  • €1,050 million in Belgium (79 sites)
  • €543 million in Germany (67 sites)
  • €402 million in the Netherlands (53 sites)
  • €571 million in the United Kingdom (91 sites)

• Pipeline of €480 million in acquisitions, construction and renovation projects (excl. Hoivatilat)

• Weighted average unexpired lease term of 21 years and occupancy rate of 100%

• 43.8% debt-to-assets ratio as of 31 December 2019

• In January 2020, Aedifica entered the Finnish and Swedish markets through the acquisition of Hoivatilat Oy, a Finnish healthcare real estate developer and investor; on 30 January 2020, Aedifica controls approx. 98% of Hoivatilat’s shares

Attachments

• Press release EN
• Communiqué de presse FR
• Persbericht NL