| Key figures | 31/12/2025 | 31/12/2024 |
| Debt-to-assets ratio 1 | 40.8% | 41.3% |
| Total credit lines/drawn (in € million) | 3,232/2,005 | 3,191/2,204 |
| Average cost of debt (incl. commitment fees) | 2.1% | 2.0% |
| Weighted average maturity 2 | 3.4 years | 3.8 years |
1 Calculated in accordance with the RREC legislation [Financial & other debts / total assets]
2 Of the drawn financial debt, without regard to short-term treasury notes.
| Financial debt (in € million)1 | Lines | Utilisation | Short-term treasury notes |
| 31/12/2026 | 215 | 50 | 484 |
| 31/12/2027 | 741 | 541 | – |
| 31/12/2028 | 861 | 559 | – |
| 31/12/2029 | 67 | 27 | – |
| 31/12/2030 | 557 | 177 | – |
| 31/12/2031 | 603 | 508 | – |
| > 31/12/2031 | 187 | 142 | – |
| Total as of 31 December 2025 | 3,232 | 2,005 | 484 |
1. Amounts in GBP were converted into EUR based on the exchange rate of 31 December 2025 (0.87228 EUR/GBP).
Aedifica’s financial policy aims to keep the Group’s debt-to-assets ratio below 45%.
| ISIN code | Nominal amount (in € million) | Maturity (years) | Issue date | Maturity date | Coupon (%) |
| BE6310388531 | 15 | 10 | 21/12/2018 | 21/12/2028 | 2.176% |
| BE6322837863 | 40* | 7 | 25/06/2020 | 25/06/2027 | 1.466% |
| BE6323122802 | 12 | 10 | 15/07/2020 | 15/07/2030 | 1.850% |
| BE6325869145 | 10 | 7 | 16/12/2020 | 16/12/2027 | 1.274% |
| BE6326201553 | 10 | 7 | 14/02/2021 | 14/01/2028 | 1.329% |
*Sustainable medium-term treasury note issued under Aedifica’s Sustainable Finance Framework.
In order to limit the interest rate risk stemming from the financing of its investments, Aedifica has put in place long-term hedges which allow for the conversion of variable-rate debt to fixed-rate debt, or to capped-rate debt. Also, forward contracts are in place to hedge the exchange rate risk of the portfolio in the United Kingdom. The USPP and the benchmark bond issue balance Aedifica’s mix of fixed and floating rate debt.
* Based on projected debt.
Aedifica benefits from a ‘BBB+’ credit rating, with a stable outlook, as well as a short-term issuer rating of ‘A-2’. The credit rating was raised following the successful exchange offer for Cofinimmo in March 2026.
The stable outlook reflects the expectation that the newly combined group, supported by strong demand across the elderly care sector, will generate stable cash flow through its robust (healthcare) portfolio over the next 24 months while maintaining its current financial policy.
Aedifica developed its Sustainable Finance Framework in order to attract specific funding to (re)finance assets and/or investments and support its sustainability strategy and commitments.
Do you want to pay us a visit at the office? The coffee is ready, you are more than welcome.
We have made sure that you can easily get to our head office in Brussels by public transport: you can reach us by train, metro, bus and bicycle.
If you come by train, you can get off at the station of Brussels-Luxemburg or Brussels-Central. From there you can easily continue on foot to rue Belliard 40. If you come by international train, you get off at Brussels-South station and take metro line 2 or 6 to Trône/Troon or Arts-Loi/Kunst-Wet.
If you come by metro, you can take line 1 or 5 to Arts-Loi/Kunst-Wet or Maelbeek/Maalbeek, or you can take line 2 or 6 to Trône/Troon or Arts-Loi/Kunst-Wet.
If you come by bus, you can take line 21, 27 and 64 to Trêves/Trier, or line 27, 34, 38, 64, 80 and 95 to Science/Wetenschap.
If you take a villo! sharing bike, you can easily park your bike in the Charlemagne/Karel De Grote bike station right in front of our office.
Of course, you can also reach us by car, but we encourage you to consider the environment and use public transport or other eco-friendly transportation options.
