Belgium's Aedifica Q1 rental income rises 22%

Aedifica NV

19/05/2026 16:48

Overview

Belgium healthcare REIT's Q1 rental income rose 22% yr/yr

EPRA Earnings for Q1 rose 19% yr/yr

Company acquired control of Cofinimmo, with legal merger planned for July 2026

Outlook

Aedifica proposes an increasing dividend of €4.20/share for the 2026 financial yr

Company expects full run-rate impact of Cofinimmo merger synergies during 2027

Aedifica expects legal merger with Cofinimmo to be effective from 1 July 2026

Result Drivers

PORTFOLIO EXPANSION - Q1 results driven by portfolio growth, including acquisition of Cofinimmo and delivery of new projects

HIGH OCCUPANCY & LONG LEASES - 99.2% occupancy rate and 15-year weighted average unexpired lease term supported stable income

Company press release: ID:nGNE5dRkyy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Income
EUR 113.40 mln
Q1 EPRA Earnings
EUR 74.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "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 €81.50, about 19.3% above its May 18 closing price of €68.30

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

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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.)