Brief: Aedes SIIQ announces 2016 guidance, 2017-2021 plan

Aedes Ligure per Imprese e Costruzioni SpA

29/09/2016 08:24

Sept 29 (Reuters) - Aedes SIIQ  AEDI.MI : 
    * Reported on Wednesday that its board of directors approved 
2016 guidance and guidance for 2017-2021 strategic industrial 
plan  
    * In its 2016 financial guidance the company points out that 
it has reached, starting H2 2016, the recurring economic balance 
with the rental income on an annual basis at 18 million euros, 
with a gross yield over 8 pct, and an LTV between 45-50 pct 
    * For 2017-2021 period the company intends to focus on 
growth and consolidation of its commercial real estate portfolio 
    * The co will continue acquisitions of proprieties and real 
estate portfolios in Northern and Central Italy and will 
finalise construction of new generation of shopping and leisure 
centres through pipeline of existing developments already in 
portfolio  
    * Expects to achieve financial equilibrium of lease activity 
during 2017-2018 
    * Expects to return to distribute dividends from 2018 
    * Expects a GAV portfolio in 2021 of around 1 billion euros, 
LTV equal to about 50 pct and occupancy rate of 95 pct 
    * Expects to approve the 2017-2021 plan by the date of 
submission to the Board the 2016 budget 
 
     
 Source text: http://bit.ly/2dthMI0 
     
 Further company coverage:  AEDI.MI   
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))