trending Market Intelligence /marketintelligence/en/news-insights/trending/czycxj8w8xeh2zjyfzed8q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Aedifica provides earnings, dividend outlook for 2018/2019

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Aedifica provides earnings, dividend outlook for 2018/2019

Aedifica SA outlined its earnings and dividend projections for the 2018/2019 financial year and provided an update on its plans to transfer its apartment buildings division into a new subsidiary.

The Belgian real estate investment trust said its board expects to generate a rental income of €104 million for the 2018/2019 financial year. This would result in a European Public Real Estate Association earnings of €63 million, or €3.45 per share, for the 12-month period, allowing the company to pay its shareholders a gross dividend of €2.80 per share, up 12%.

Aedifica added that it readying is to transfer its apartment buildings division to its Immobe SA/NV unit, with the transaction expected to occur at the end of the third quarter.

The company added that it agreed to sell up to a 75% stake in the unit to one of the candidate-partners in two phases, with the first phase consisting of the sale of a 50% stake expected to occur in fourth quarter.