Aedifica proposed a voluntary conditional exchange offer for all outstanding Cofinimmo shares. They offer 1.16 new Aedifica shares per Cofinimmo share. The offer values each Cofinimmo share at EUR 80.91, representing a 20.8% premium over Cofinimmo's “undisturbed” share price of EUR 67.00. and adjusted for the difference in proposed FY24 gross dividends. The offer is subject to a minimum acceptance threshold of 50%+1, a standstill by Cofinimmo and unconditional merger approval in Belgium, the Net...
Aedifica: Strong Q1, improving fundamentals, further growth to come. Air France-KLM: Surprising Atlantic. Aperam: In-line 1Q25, seasonal better 2Q25 expected. ArcelorMittal: In-line 1Q25, risks to steel demand due to tariff uncertainty. ASM International: 1Q25 Results - FY25 headwinds from weak USD. Ayvens: Getting into Gear. dsm-firmenich: Transformation on Track. Lotus Bakeries: Peer Mondelez 1Q25 results. Melexis: Mixed 1Q25 results in unstable markets. Ontex: Two steps fo...
Aedifica reports 1Q25 results in line with our expectations and consensus forecasts. Negative headlines around the operators slightly overshadow the positive 1Q25 update. However, the news was already communicated to the market 2 weeks ago with a limited impact on the share price performance. YTD the stock has rallied 22.0% and sits at the top of the EPRA index. The rally comes after two years of undervaluation and is driven by a flight to safety amidst tariff concerns. It is now in a 2.1% rang...
Aedifica NV/SA: Interim financial report – 1st quarter 2025 Please find below Aedifica’s interim financial report for the 1st quarter of the 2025 financial year. Robust operational performance driving strong results above budget EPRA Earnings* amounted to €62.6 million (+5% compared to 31 March 2024), or €1.32/shareRental income increased to €93.0 million (+13% compared to 31 March 2024)3.2% increase in rental income on a like-for-like basis in the 1st quarter of the yearWeighted average unexpired lease term of 18 years and occupancy rate of 100% Real estate portfolio* of over €6.1 b...
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