Aedifica Sicafi Bruxelle (AEDFF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Welcome at the half-year result presentation of Edifica. We will, as usual, walk you through the results and add some color to the results that we published this morning. Starting from the highlights that we identified for the first half of the year, i think what you probably have read already this morning that we are presenting solid to strong results for the first half year portfolio value standing at 6.2 billion euros generating 181 million euro top line leading to 123 million euro result apra earnings that is which we will explain in further detail during this call I think that one of the main events during the first half year is the fact that we exited from the Swedish market leading to seven countries in which we are doing business today. Also important to flag is that we see that the positive trend in terms to like for like valuation of the investment properties continues in the first half of 2025. When looking at the investment programme, as announced, we are working on refuelling our pipelines. We will go into further detail also in that respect. And when looking at the balance sheet, I think that we are, as was already the case in previous quarters, presenting a quite sound and strong balance sheet with a 42% debt-to-asset ratio. Now this about the highlights before I pass on to Ingrid, who will dive into in more detail about results and balance sheet, maybe just bringing to your attention that as announced, we are working once again on growth in a sense that we're working on refueling our investment and development pipeline. We had given guideline for 2025 meaning that we are expecting to increase the pipeline and or the portfolio with 250 million euros of new investments and projects. As of today, we are standing at 121 million eu...