Shareholder information

Within the framework of the Belgian RREC legislation, the Company is required to distribute, as return on capital, an amount at least corresponding to the positive difference between the following amounts:

• 80% of an amount (‘corrected profit’) determined in the form published in Chapter III of Annex C of the Royal Decree of 13 July 2014 ;
• and the net decrease in the debt of the public RREC during the financial year.

Each year, the dividend is paid following the Annual General Meeting, which is held on the second Tuesday of May. Keep an eye on our calendar to keep up to date with all the dates related to the dividend.

For the 2025 financial year, Aedifica’s Board of Directors anticipates a gross dividend of €4.00 per share (subject to a 30% withholding tax, see below). The dividend is expected to be paid out in May 2026, following the approval of the annual accounts by the Annual General Meeting of 12 May 2026.

For the 2024 financial year, Aedifica distributed a gross dividend of €3.90 per share (+3% compared to the 2023 dividend).

As a RREC investing more than 80% of its portfolio in residential European healthcare real estate, the withholding tax for Aedifica investors amounted to only 15%. After deduction of the 15% withholding tax, the total net dividend amounted to €3.315.

Aedifica has achieved a strong dividend track record since its incorporation in 2005. Year after year, we have increased our dividend or at least kept it stable. Since incorporation, we have already distributed a total of €45.30 (gross) per share in dividends.

By clicking on the link below you will find an overview of all dividends paid by coupon.
Dividend history

* Prorata of the €4.60 dividend (18 months) over 12 months.
** Outlook.

As Aedifica is a RREC investing more than 80% of its portfolio in residential healthcare real estate situated in a member state of the European Economic Area, its shareholders benefit from a reduced withholding tax rate of only 15%.

Following Brexit, a transition regime was provided for UK assets acquired prior to 1 January 2021 so that they can be included in the calculation of the 80% threshold until the end of the 2025 financial year.

Therefore, if legislation does not change in the meantime and no major changes happen in the Group’s portfolio, Aedifica estimates that the Group will no longer qualify to benefit from the reduced withholding tax rate of 15% as from 1 January 2026.

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