Skip to main content

Aedifica NV/SA: 2025 annual results

Written by Customer Service on . Posted in Public Companies.

Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels and Euronext Amsterdam), regarding its 2025 annual results.

Aedifica’s Exchange Offer on all Cofinimmo shares is now open

  • Cofinimmo shareholders are offered 1.185 new Aedifica shares for each share they tender
  • The Initial Acceptance Period will close on 2 March 2026 (16:00 CET)
  • Results of the Initial Acceptance Period are expected to be announced on 6 March, with settlement scheduled on 13 March

Robust operational performance driving strong results above budget

  • EPRA Earnings* amounted to €244.8 million (+4% compared to 31 Dec. 2024) or €5.15/share
  • Rental income increased to €361.0 million (+7% compared to 31 Dec. 2024)
  • 2.7% increase in rental income on a like-for-like basis* over the year
  • Weighted average unexpired lease term of 18 years and occupancy rate of 100%

Real estate portfolio* of €6.3 billion as at 31 December 2025

  • 618 healthcare properties for nearly 49,100 end users across 7 countries
  • Valuation of marketable investment properties increased, on a like-for-like basis, by 0.5% in Q4 and 1.3% LTM
  • 34 properties were divested for €128 million as part of the strategic asset rotation programme
  • €293 million in new investments announced in 2025 (22 new projects & forward purchases added to the investment programme & 10 acquisitions)
  • 11 projects totalling €96 million have been delivered in 2025
  • Pipeline of €276 million at the end of 2025, offering an average initial yield on cost of 6.5%

Solid balance sheet and strong liquidity

  • 40.8% debt-to-assets ratio as at 31 December 2025 (compared to 41.3% on 31 Dec. 2024)
  • €743 million of headroom on committed credit lines to finance CAPEX and liquidity needs
  • Long-term bank (re)financing contracted for €585 million
  • Average cost of debt* including commitment fees of 2.1%
  • S&P reconfirmed BBB credit rating and placed Aedifica’s rating on CreditWatch with positive implications following the announcement of the agreement between Aedifica & Cofinimmo to unite
  • EPRA NTA* of €78.40/share (vs. €76.63/share on 31 Dec. 2024, before distribution of dividend)

Dividend confirmed

  • The proposed dividend of €4.00 per share (gross), to be distributed in May 2026, is confirmed

Attachments

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.