Aedifica SA: Interim statement of the Board of Directors: 3rd quarter 2012/2013

Tue May 14, 2013 11:41am EDT

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Please find below a press release from Aedifica (a residential Belgian REIT), regarding the interim statement of the Board of Directors for 3rd quarter 2012/2013. The key points are as follows:

  • Two new investments realised in the senior housing segment since 1 January 2013:
    • 't Hoge in West Flanders, and
    • Helianthus in East Flanders
  • Completion of the extension and renovation works of the "Seniorerie La Pairelle" rest home in the Province of Namur
  • High occupancy rate of 97.3 % for the unfurnished portion of the portfolio and 82.7 % for the furnished portion
  • 7 % increase in consolidated rental income as compared to 31 March 2012
  • Increase in the fair value of marketable investment properties amounting to €7 million, i.e. + 1.15 %, recognised in income since 30 June 2012
  • Fair value of investment properties amounting to €627 million, an increase of €48 million compared to 30 June 2012
  • €152 million development projects pipeline, 95 % pre-let
  • Inclusion of Aedifica in the EPRA Index
  • New credit facilities in the amount of €80 million
  • Unchanged dividend expectations for the current financial year (i.e. €1.78 gross per share)

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Aedifica via Thomson Reuters ONE

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