Half-year financial report 2021

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Please find below a press release from Aedifica (public regulated real estate company under Belgian law, listed on Euronext Brussels and Euronext Amsterdam), concerning the 2021 half-year results.

  • EPRA Earnings * amounted to € 67.4 million as of June 30, 2021 (+ 26% compared to June 30, 2020), i.e. € 2.02 / share
  • Rental income amounted to € 108.3 million as of June 30, 2021 (+ 18% compared to June 30, 2020)
  • Real estate portfolio * greater than 4.4 billion euros at June 30, 2021, an increase of over 606 million euros (+ 16%) compared to December 31, 2020, end of the previous fiscal year
  • 543 health sites for more than 41,000 users in 7 countries:
    • € 1,193 million in Belgium (83 sites)
    • € 902m in Germany (94 sites)
    • € 799 million in Finland (183 sites)
    • € 735 million in the United Kingdom (102 sites)
    • € 561m in the Netherlands (71 sites)
    • € 51m in Ireland (5 sites)
    • € 21 million in Sweden (5 sites)
  • Addition of a seventh country to the portfolio: first investments in Ireland
  • Investment program of 758 million euros in construction and renovation projects and 97 million euros in acquisitions under exceptional conditions. In the first half of the year, 17 projects were delivered for a total investment budget of approx. 120 million euros
  • Weighted average duration of unmatured leases of 20 years and occupancy rate of 100%
  • Debt ratio of 42.0% as of June 30, 2021
  • More than 300 million euros raised on the capital markets via a capital increase via an accelerated private placement (286 million euros) and a contribution in kind
  • Successful bond issue (“USPP”) of £ 180 million to institutional investors in the United States, United Kingdom and Canada
  • Long-term bank financing concluded for an amount of 525 million euros
  • Outlook for 2021 confirmed: proposed gross dividend of € 3.30 per share


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