Aedes S.p.A.

Overview

Aedes S.p.A. is an Italian real estate investment company specializing in property development and management. The company was founded in 1905 and is headquartered in Milan, Italy. It operates as a Società di Investimento Immobiliare Quotata (SIIQ), a type of real estate investment trust (REIT) in Italy, focusing on the acquisition, development, and management of income-generating commercial properties, primarily in the retail and office sectors. Aedes S.p.A. is listed on the Borsa Italiana under the ticker symbol AEDES. The company's investment strategy involves creating and expanding its commercial portfolio by focusing on new-generation retail properties and high-quality office spaces that exceed industry standards. This approach aims to generate recurring cash flows in line with the SIIQ/REIT model. Aedes S.p.A. seeks to build its future through investments in income properties and the development of new-generation shopping and leisure centers, with limited recourse to both indebtedness and financial risk assumptions. As of June 30, 2022, Aedes S.p.A. reported total revenues of €13.7 million, a net operating income (NOI) of €10.4 million, and an EBITDA of €4.5 million. The company's consolidated gross asset value (GAV) was €352.2 million, with an EPRA Net Reinstatement value of €223.2 million. These financial metrics reflect the company's ongoing commitment to growth and value creation in the Italian real estate market.