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Cibus: Cibus Nordic Real Estate AB (publ) Year-end Report 23 November 2017 - 30 June 2018 

Cibus Nordic Real Estate AB (publ) Year-end Report 23 November 2017 - 30 June 2018

Cibus Nordic Real Estate AB (publ) Year-end Report 23 November 2017 - 30 June 2018 Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") releases the first year-end report (Sw: Bokslutskommuniké) for the period of 23 November 2017 through 30 June 2018.

"Our entry into the real estate market equipped with a portfolio of 123 Finnish properties anchored by grocery- and daily-goods tenants has given us a brilliant start on our long-term journey to provide our investors with long-term, stable and high return.

Through active management, we strive to continuously improve our portfolio and cash flow. Delivering the return, we promised in our first report, gives us even more confidence to say that our journey has just begun." Comments from Lisa Dominguez Flodin, CEO.

  • Rental income for the reporting period amounted to TEUR 14 756
  • The economic occupancy rate was 95 % at the end of the reporting period
  • The operating costs for the reporting period totalled TEUR 2 772 and net operating income amounted to TEUR 14 114, which resulted in a surplus ratio of 95.6 %
  • For the reporting period profit from property management amounted to TEUR 8 197, corresponding to EUR 0.26 per share. The unrealised changes in value of investment properties amounted to TEUR 30 275
  • The profit for the period totaled TEUR 32 901 corresponding to EUR 1,1 per share
  • EPRA NAV per share 11.0 EUR
  • Current earnings capacity as per July 2018 is presented in the year-end report
  • The Board proposes a quarterly dividend of EUR 0.20 per share for the coming three quarters until the next AGM

The annual report will be published on Cibus' website on September 20, 2018.

Stockholm 18.09.2018

For further information, please contact:
Lisa Dominguez Flodin, CEO Cibus Nordic Real Estate AB (publ)
+46 70 237 71 12, [email protected]

This information is information that Cibus Nordic Real Estate AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 14:35 CET on 18 September 2018.

The following documents can be retrieved from beQuoted
Cibus Pressrelease 2018-09-18.pdf
Cibus Year-End Report 2018.pdf

Cibus is a real estate company listed on Nasdaq First North in Stockholm with FNCA Sweden AB as Certified Adviser. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with reputable grocery and discount store chains as anchor tenants. The company currently owns 126 properties in Finland. The main tenants are Kesko (58% of the properties), Tokmanni (25%) and S-Group (8%). An additional 6% of the properties are let to other daily-goods operators like Lidl, Halpa-Halli or independent grocers.

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