Aedifica SA : Q3 2024 results: Results better than expected, strong delivery on targets and small outlook increase
>EPS outlook +1%; upward revaluations (UK is strong) - Outlook increased +1% to >€4.90 EPRA EPS FY2024 and €233m EPRA earnings (before: €4.85/sh and >€231m); and reconfirmed the €3.90 DPS proposal.Like-for-like rental income +3.3% (H1 2024: 3.2% and 3% in FY2024 budget) broken down by +3.0% indexation, -0.2% rent negotiations and +0.5% fx changes.Fair value of investment portfolio increased +0.12% in Q3 (H1: +0.14%). Belgian (-1.4%) and German (-1.2%) fair v...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.
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.
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