- Confirmation of a gross dividend of €6.00 per ordinary share for the FY 2013
Net asset value per share of €91.79 at 31.12.2013, against €85.66 at 31.12.2012 (portfolio in fair value)
On a like-for-like basis, 1.68% increase in gross rental revenues compared to 31.12.2012
Stabilisation of the average residual lease length at 11.6 years at 31.12.2013
0.7% increase in the operating margin (85.6% at 31.12.2013, against 84.9% at 31.12.2012)
- Thorough monitoring of direct and indirect property costs and corporate management costs
On a like-for-like basis, 0.78% decrease in the portfolio’s fair value compared to 31.12.2012
Continued growth in the healthcare real estate segment
- €41.2 million invested in constructions and renovations in Belgium and in France
- Acquisitions for €8.0 million of office buildings to be reconverted into clinics in the Netherlands2
1% decrease in the debt ratio (48.9% at 31.12.2013, against 49.9% at 31.12.2012)
- Strengthening of equity by €136.5 million gross through the disposal of treasury shares and the
reinvestment of 52.7% of the 2012 dividends in new shares
Refinancing of debts maturing before June 2015
- Signature of new credit lines for a total amount of €270.0 million
- Placement of convertible and non-convertible bonds for a total amount of €240.8 million
2014 FORECAST
Forecast of a net current result per share – Group share (excluding IAS 39 impact) of €6.61 for 2014
- Forecast of a gross dividend of €5.50 per ordinary share for the FY 2014, 8.3% lower than the
proposed dividend for the FY 2013 and better aligned with the cash flow per share forecasted for the FY 2014
- At this level, it corresponds to a gross yield of 6.23% against the average share price of the ordinary share during 2013, and a gross yield of 5.99% against the net asset value of the share at 31.12.2013
(in fair value)
1 See also our press release dated 02.05.2013, available on our website.
2 Of which €1.4 million under restriction of the procurement of the permit necessary to convert the asset into an acute care clinic. |
