Belgium's Aedifica 2025 rental income rises, declares dividend

Aedifica NV

13/02/2026 06:38

Overview

Belgium real estate firm's rental income rose 7% yr/yr to €361 mln

EPRA earnings for 2025 increased 4% yr/yr to €244.8 mln

Company announced exchange offer for Cofinimmo shares

Outlook

Aedifica confirms proposed dividend of €4.00 per share to be distributed in May 2026

Aedifica's pipeline of €276 mln offers an average initial yield on cost of 6.5%

S&P places Aedifica's credit rating on CreditWatch with positive implications

Result Drivers

RENTAL INCOME GROWTH - Rental income increased by 7% yr/yr, driven by strong operational performance

STRATEGIC INVESTMENTS - €293 million in new investments announced, including 22 new projects and 10 acquisitions

ASSET ROTATION - 34 properties divested for €128 million as part of strategic asset rotation programme

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental Income
EUR 361 mln
FY EPRA Earnings
EUR 244.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Aedifica NV is €78.05, about 2.7% above its February 12 closing price of €76.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNE9K0jjw

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)