Aedifica/SA Management

Management criteria checks 4/4

Aedifica/SA's CEO is Mrics Gielens, appointed in Feb 2006, has a tenure of 18.17 years. total yearly compensation is €1.26M, comprised of 48.1% salary and 51.9% bonuses, including company stock and options. directly owns 0.031% of the company’s shares, worth €886.52K. The average tenure of the management team and the board of directors is 6.5 years and 5.2 years respectively.

Key information

Mrics Gielens

Chief executive officer

€1.3m

Total compensation

CEO salary percentage	48.1%
CEO tenure	18.2yrs
CEO ownership	0.03%
Management average tenure	6.5yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mrics Gielens's remuneration changed compared to Aedifica/SA's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€1m	€604k	€25m
Sep 30 2023	n/a	n/a	€43m
Jun 30 2023	n/a	n/a	€150m
Mar 31 2023	n/a	n/a	€231m
Dec 31 2022	€1m	€541k	€332m
Sep 30 2022	n/a	n/a	€489m
Jun 30 2022	n/a	n/a	€408m
Mar 31 2022	n/a	n/a	€354m
Dec 31 2021	€1m	€507k	€282m
Sep 30 2021	n/a	n/a	€221m
Jun 30 2021	n/a	n/a	€193m
Mar 31 2021	n/a	n/a	€150m
Dec 31 2020	€1m	€753k	€115m
Jun 30 2020	n/a	n/a	€105m
Mar 31 2020	n/a	n/a	€129m
Dec 31 2019	n/a	n/a	€154m
Sep 30 2019	n/a	n/a	€139m
Jun 30 2019	€1m	€502k	€123m
Mar 31 2019	n/a	n/a	€99m
Dec 31 2018	n/a	n/a	€74m
Sep 30 2018	n/a	n/a	€73m
Jun 30 2018	€838k	€549k	€72m
Mar 31 2018	n/a	n/a	€72m
Dec 31 2017	n/a	n/a	€73m
Sep 30 2017	n/a	n/a	€68m
Jun 30 2017	€783k	€514k	€63m

Compensation vs Market: Mrics's total compensation ($USD1.34M) is below average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Mrics's compensation has been consistent with company performance over the past year.

CEO

Mrics Gielens (58 yo)

18.2yrs

Tenure

€1,255,824

Compensation

Mr. Stefaan Gielens, Mrics, serves as the Chief Executive Officer and Managing Director at Aedifica NV/SA (formerly known as Aedifica SA) (formerly AEdifica Inc.) since February 3, 2006 and serves as its E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stefaan Gielens	MD, CEO	18.2yrs	€1.26m	0.031% € 886.5k
Ingrid Daerden	Executive Director	5.6yrs	€835.88k	0.0074% € 212.7k
Raoul Thomassen	COO & Executive Director	3.1yrs	€609.11k	0.0022% € 63.0k
Charles-Antoine Van Aelst	Executive Director	6.5yrs	€698.89k	0.0081% € 231.0k
Sven Bogaerts	Exec. Director	6.5yrs	€728.51k	0.0097% € 276.8k
Delphine Noirhomme	Investor Relations Manager	no data	no data	no data
Thomas Moerman	Group General Counsel & Compliance Officer	no data	no data	no data
Martina Carlsson	Control & Communication Manager	no data	no data	no data

6.5yrs

Average Tenure

49yo

Average Age

Experienced Management: AOO's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stefaan Gielens	MD, CEO	18.2yrs	€1.26m	0.031% € 886.5k
Ingrid Daerden	Executive Director	3.8yrs	€835.88k	0.0074% € 212.7k
Raoul Thomassen	COO & Executive Director	1.9yrs	€609.11k	0.0022% € 63.0k
Charles-Antoine Van Aelst	Executive Director	3.8yrs	€698.89k	0.0081% € 231.0k
Sven Bogaerts	Exec. Director	3.8yrs	€728.51k	0.0097% € 276.8k
Pertti Huuskonen	Independent Director	3.8yrs	€52.10k	0.0014% € 39.8k
Serge Roger Wibaut	Independent Chairman of the Board	8.5yrs	€115.10k	0.0021% € 60.1k
Luc Plasman	Non-Executive Independent Director	6.5yrs	€63.30k	0.00088% € 25.2k
Katrien Kesteloot	Non-Executive Independent Director	8.5yrs	€57.40k	0.00031% € 8.9k
Elisabeth May-Roberti	Non-Executive Independent Director	8.5yrs	€60.60k	0.00056% € 16.0k
Marleen Willekens	Non-Executive Independent Director	6.5yrs	€65.50k	0.00032% € 9.2k
Henrike Waldburg	Independent Director	1.9yrs	€47.20k	0.00012% € 3.4k

5.2yrs

Average Tenure

58yo

Average Age

Experienced Board: AOO's board of directors are considered experienced (5.2 years average tenure).

Aedifica/SA Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

High number of new directors

High number of new directors

Recent updates

Full year 2023 earnings: EPS misses analyst expectations

Final dividend of €1.60 announced

Full year 2023 earnings released: EPS: €0.56 (vs €8.71 in FY 2022)

Now 23% undervalued

Price target decreased by 11% to €66.00

Investor sentiment improves as stock rises 15%

Price target decreased by 7.1% to €73.88

Aedifica NV/SA to Report Nine Months, 2024 Results on Oct 30, 2024

Third quarter 2023 earnings released: EPS: €0.69 (vs €3.49 in 3Q 2022)

Aedifica NV/SA to Report Fiscal Year 2023 Results on Feb 21, 2024

Aedifica NV/SA Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: €1.02 (vs €3.35 in 2Q 2022)

Now 23% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 16%

Now 22% undervalued after recent price drop

An unknown buyer entered into an agreement to acquire portfolio of 10 buildings in Finland from Aedifica NV/SA (ENXTBR:AED) for €25.6 million.

Now 20% undervalued after recent price drop

Price target decreased by 11% to €79.50

First quarter 2023 earnings released: EPS: €0.40 (vs €3.23 in 1Q 2022)

Upcoming dividend of €1.60 per share at 4.9% yield

Full year 2022 earnings released: EPS: €8.71 (vs €8.10 in FY 2021)

Full year 2022 earnings released

Aedifica SA Proposes Earnings Guidance for the Year 2023

Price target decreased to €90.33

High number of new directors

Third quarter 2022 earnings released: EPS: €3.48 (vs €1.61 in 3Q 2021)

Aedifica SA to Report Q1, 2023 Results on May 10, 2023

Aedifica SA (ENXTBR:AED) acquired St Mary’s Riverside.

Aedifica SA to Report Fiscal Year 2022 Final Results on Mar 30, 2023

Aedifica SA (ENXTBR:AED) acquired Marston Moretaine Gee View.

Aedifica SA (ENXTBR:AED) acquired Four nursing homes in Dublin from bartra Healthcare for €161 million.

Second quarter 2022 earnings released: EPS: €3.34 (vs €2.03 in 2Q 2021)

Aedifica SA Reconfirms Dividend Guidance for the Financial Year 2022

Aedifica SA (ENXTBR:AED) announced an agreement to acquire A Care Home In Isle Of Man for approx. £10 million.

Aedifica SA (ENXTBR:AED) acquired Two Senior Housing Properties in Belgium for €50.2 million.

Price target decreased to €97.00

Aedifica SA (ENXTBR:AED) acquired Creggan Bahn Court in Ayr for £8.5 million

High number of new directors

High number of new directors

Aedifica SA (ENXTBR:AED) agreed to acquire Care home in Somme-Leuze for €21 million.

Upcoming dividend of €1.58 per share

Price target increased to €107

Aedifica SA to Report Q1, 2022 Results on May 11, 2022

Full year 2021 earnings released: EPS: €8.10 (vs €4.35 in FY 2020)

Price target increased to €107

Now 20% undervalued after recent price drop

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Aedifica Sa Proposes Dividend for the Financial Year 2021; Provides Dividend Guidance for the Financial Year 2022

Price target decreased to €86.00

Now 20% undervalued after recent price drop

Third quarter 2021 earnings released: EPS €1.61 (vs €0.70 in 3Q 2020)

Price target increased to €93.00

Aedifica SA (ENXTBR:AED) completed the acquisition of portfolio of 16 specialist residential care centres in Sweden.

Second quarter 2021 earnings released: EPS €2.04 (vs €0.70 in 2Q 2020)

Aedifica SA (ENXTBR:AED) acquired care home in Durbuy for €20.7 million.

Aedifica SA (ENXTBR:AED) entered into an agreement to acquire Portfolio of 16 Specialist Residential Care Centres in Sweden.

First quarter 2021 earnings released: EPS €1.35 (vs €0.70 in 1Q 2020)

Upcoming dividend of €0.48 per share

Aedifica SA (ENXTBR:AED) acquired 6 development projects in Netherlands, United Kingdom, Finland and Germany for approximately €57 million.

New 90-day high: €104

New 90-day high: €101

Aedifica SA (ENXTBR:AED) acquired 3 nursing homes in the United Kingdom for approximately £40 million.

Aedifica SA (ENXTBR:AED) acquired Care Home in Tienen for €8 million.

Korian Signs Development Partnership with Aedifica in the Netherlands

New 90-day low: €90.60

Aedifica SA (ENXTBR:AED) acquired Familiehof from Vivalto Home Belgium SA for approximately €14 million.

Aedifica SA (ENXTBR:AED) acquired Bedfordshire Care Home from Hamberley Development Limited for approximately £16.5 million.

Full year earnings released

New 90-day high - €104

Aedifica SA (ENXTBR:AED) acquired innovative care campus in Geel (Belgium) for €42.6 million.

CEO Compensation Analysis

CEO