Interim Report Q2 2019

Cibus Nordic Real Estate AB (publ)

April - June 2019 (compared with April - June 2018)

  • Rental income amounted to EUR 12,552 thousand (11,676)
  • Net operating income totalled EUR 11,459 thousand (11,168)
  • Profit from property management was EUR 6,773 thousand (6,486)
  • Earnings after tax amounted to EUR 10,247 thousand (971),
    corresponding to EUR 0,3 (0,0) per share

January - June 2019

  • Rental income amounted to EUR 25,207 thousand
  • Net operating income totalled EUR 23,583 thousand
  • Profit from property management was EUR 14,398 thousand
  • Earnings after tax amounted to EUR 19,159 thousand,
    corresponding to EUR 0,6 per share

"During the second quarter, Cibus continued to demonstrate the strength of its business concept and strategy. To date this year, we have acquired properties for EUR 45 million, while continuing to build up the organisation and pay shareholders one of the stock exchange's highest dividends."

- Sverker Källgården, CEO

 

KEY FIGURES1

Q2 2019

Q2 2018

Jan-Jun 20192

No. of properties

139

123

139

Lettable area, sq.m.

499,000

438,000

499,000

Market value of properties, EUR million

862.2

767.9

862.2

NOI, current earnings capacity, EUR million

49.9

45.8

49.9

Equity ratio, %

36.1

42.2

36.1

Senior debt LTV ratio, %

45.4

40,1

45.4

Net debt LTV ratio, %

59.0

55.4

59.0

Interest coverage ratio, multiple

3.4

2.7

3.4

Adjusted EPRA NAV/share, EUR

11.3

11.0

11.3

Dividend per share decided for the period, EUR

0.2

0.0

0.4


1
Refer to the full report for alternative performance measures and definitions.
2Cibus has not presented a comparative period for the figures for the first six months of the year. Cibus took possession of the first properties on 7 March 2018, and the Company was subsequently listed on Nasdaq First North on 9 March 2018. Accordingly, the Company did not publish a report for the first quarter of 2018. Earnings from the point at which Cibus took possession of the properties are included in the Company's first annual report, which pertains to the period from 23 November 2017 to 30 June 2018.

30 August 2019

For further information, please contact

Sverker Källgården, CEO

sverker.kallgarden@cibusnordic.com 
+46 761 444 888

Pia-Lena Olofsson, CFO

pia-lena.olofsson@cibusnordic.com 
+46 708 580 453

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 08:55 CEST on 30 August 2019.

ABOUT CIBUS NORDIC REAL ESTATE

Cibus is a real estate company listed on Nasdaq First North Premier in Stockholm. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns 139 properties in Finland. The main tenants are Kesko, Tokmanni and S-Group. FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, is appointed Certified Adviser.

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