Aedifica NV/SA: Annual press release – 2019/2020 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 2019/2020 annual results.

The key points are:

EPRA Earnings amount to €162.7 million as of 31 Dec. 2020 (18 months; compared to €72.1 million 30 June 2019, 12 months) or €6.14/share as of 31 Dec. 2020
Rental income (over 18 months) increased to €259.5 million due to the growth of the portfolio
Confirmation of the proposed dividend (after deduction of the already distributed interim dividend of €3.00 gross per share) of €1.60 gross per share
Real estate portfolio of €3.8 billion as of 31 December 2020, an increase of €1,494 million (+64%) compared to 30 June 2019, the end of the previous financial year
496 healthcare sites for more than 37,000 users in six countries:
- €1,151 million in Belgium (82 sites)
- €719 million in Finland (172 sites)
- €634 million in Germany (75 sites)
- €633 million in the United Kingdom (96 sites)
- €516 million in the Netherlands (66 sites)
- €20 million in Sweden (5 sites)
Pipeline of €756 million in acquisitions, construction and renovation projects. In 2019/2020, 46 projects were delivered for a total investment budget of approx. €219 million
Weighted average unexpired lease term of 19 years and occupancy rate of 100%
More than €700 million raised on capital markets through a public capital increase (€459 million), a capital increase via an accelerated private placement (€207 million) and 2 contributions in kind
Debt-to-assets ratio of 43.2% as of 31 December 2020
Forecast for the 2021 financial year: proposed gross dividend of €3.30