Aedifica Sicafi Bruxelle (AEDFF) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

The highlights, Ingrid, will go into more details about the financial results as published this morning. Very short, we will be touching upon some of the major KPI of the portfolio and then, of course, give you our review of what we think will be happening in terms of healthcare real estate and healthcare real estate markets in Europe in the near future. So, this being said, and hopefully by now, So you'll feel that it works. Fair enough. Okay, without surprise, I guess most of you have seen these numbers this morning already. I think on the one hand, we can be relatively proud that we are presenting to the market quite robust and solid results. with an APRA earnings coming in at 110 million euros, so up 28% compared to last year, on the back of rental income that has shown like-for-like growth of 5.1%. But Ingrid will go into that in more detail immediately. Leading to an APRA EPS at June 30 of 2.5%. per share, which is based on the average number of outstanding shares at that point in time, so pre-equity race that was finalized early July. But nevertheless, allowing us to slightly upgrade the guidance that we have been given for the full year. Looking at the other side of the slide, we show a quite strong balance sheet with a debt-to-asset ratio that post-equity raises now down to 39.3%, having raised equity up to €406 million. growth in the first half of 2023. And also presenting, I think, in terms of liquidity availability of credit lines, a very strong balance sheet. Once again, Ingrid will go into that in full detail. And also early July, we got the confirmation of S&P about the credit rating, a BBB flat with a stable outlook. Numbers in the middle, we will be talking about them when we scroll through the portfolio slides, maybe quickly drawing your attention t...