Report
Gerardo Ibanez ...
  • Steven Boumans

Aedifica SA : Aedifica sees a year of transition, we see a year of optionality

>FY2022 results as expected, but FY2023 outlook seems relatively light - Aedifica’s FY2022 results were largely in line with our expectations. It’s like-for-like growth was fairly similar to its peers, although Aedifica underperformed on revaluations due to its geographic exposure (UK and Sweden). Our calculations show that Aedifica was on average able to fully price through indexation in 2022 and we expect the company to be able to continue doing so in the future. Wh...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Gerardo Ibanez

Steven Boumans

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