Aedifica SA: Interim statement of the Board of Directors for 1st quarter 2013/2014

Tue Nov 12, 2013 11:40am EST

* Reuters is not responsible for the content in this press release.

Please find below a press release from Aedifica (a residential Belgian REIT), regarding the interim statement of the Board of Directors for 1st quarter 2013/2014. The key points are as follows:

  • 5 buildings added to the portfolio since 1 July 2013, amounting to approx. €57 million:
  • 4 rest homes:
  • Seniorenzentrum AGO Herkenrath in Germany,
  • Salve in Brasschaat,
  • Plantijn in Kapellen,
  • Hestia in Wemmel and
  • 1 apartment building:
  • Stephanie's Corner in Brussels.
  • 97.2% occupancy rate for the unfurnished portion of the portfolio (total less furnished apartments) as of 30 September 2013 and 79.4% for the furnished portion
  • 5% increase in consolidated rental income as compared to 30 September 2012
  • €682 million fair value of investment properties as of 30 September 2013
  • 39% debt-to-assets ratio as of 30 September 2013

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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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