Aedifica - In-line 1H23 results and adjusted guidance
Rental income emerged at EUR 154m, up 18% YoY, up 5.1% on an LfL basis.Occupancy remains at 100%.The average cost of financing increased to 1.9%, up 50bps over the period.LTV stood at 45.4% as of June 2023 but decreased to 39.3% following the capital increase completed in early July.Earnings guidance was slightly raised to EUR 212m vs EUR 209m.Aedifica is a property company, which is specialized in residential real estate. Co.'s portfolio has a superstructure of more than 225,911 sq. m as of June 30 2010. It owns: residential or mixed buildings in Belgian cities with classical leases; buildings with furnished apartments buildings in the heart of Brussels with shorter term leases; senior houses and serviceflats with very long term and triple net leases; and hotels. Co. invests: in existing and already leased buildings; and in projects with future completion. Co.'s activities can be divided into four segments: Residential or mixed buildings; Furnished apartments buildings; Senior houses; and Hotels and others.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.