Aedifica SA

Aedifica, based in Brussels, is a real-estate investment trust specialising in healthcare property, above all care homes and senior housing that it owns and leases to operators across Belgium, Germany, the Netherlands, the UK and other European markets. Europe's ageing population underpins long-term demand for this kind of property. Aedifica pays out most of its rental income and has raised its dividend steadily for years, which earns it a solid DiviScore. A dependable, growing yield backed by defensive healthcare property defines its income appeal, with higher interest rates the main pressure on valuations.