Report
Lynn Hautekeete

Aedifica Feedback FY24 analyst call

The message from the management during the FY24 analyst call was clear: Portfolio yields have stabilised, operators have recovered from the 2022/2023 downcycle and new investments will be added to the re-set pipeline. Analysts on the other hand were still sharp on operators indicating the sentiment has not yet changed. CMD announced in Ireland on May 7/8.
Underlying
Aedifica SA

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.

Provider
KBC Securities
KBC Securities

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Analysts
Lynn Hautekeete

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