Q2 2021 Interim Report Cibus Nordic Real Estate AB (publ)
April - June 2021 (compared with April - June 2020)
- Rental income amounted to EUR 19,797 thousand (16,366).
- Net operating income totalled EUR 18,472 thousand (15,100).
- Profit from property management was EUR 10,834 thousand (7,801).
- Earnings after tax amounted to EUR 11,672 thousand (8,883), corresponding to EUR 0.29 (0.24) per share. Unrealised changes in property values totalling EUR 2,357 thousand (3,002) were included in profit.
January - June 2021 (compared with January - June 2020)
- Rental income amounted to EUR 39,228 thousand (30,406).
- Net operating income totalled EUR 36,683 thousand (28,103).
- Profit from property management was EUR 22,404 thousand (14,642).
- Earnings after tax amounted to EUR 22,843 thousand (15,980), corresponding to EUR 0.57 (0.45) per share. Unrealised changes in property values totalling EUR 2,540 thousand (4,611) were included in profit.
"We have delivered in accordance with our promises to the market regarding the change of list and achieving growth clearly above our targets."
- Sverker Källgården, CEO
|
Key figures 1 |
2021 |
2020 |
2021 |
2020 |
|
Market value of properties, EUR million |
1,331 |
1,124 |
1,331 |
1,124 |
|
NOI, current earnings capacity, EUR million |
76.0 |
64.5 |
76.0 |
64.5 |
|
Lettable area, thousand sq.m. |
784 |
664 |
784 |
664 |
|
Proportion grocery and daily goods stores, % |
94.1 |
94.2 |
94.1 |
94.2 |
|
Number of properties with solar panels |
32 |
15 |
32 |
15 |
|
Senior debt LTV ratio, % |
48.5 |
49.0 |
48.5 |
49.0 |
|
Net debt LTV ratio, % |
60.1 |
60.5 |
60.1 |
60.5 |
|
Interest coverage ratio, multiple |
3.4 |
3.6 |
3.4 |
3.5 |
|
EPRA NRV per share, EUR |
12.3 |
11.8 |
12.3 |
11.8 |
|
Approved dividend per share paid for the period, EUR |
0.23 |
0.22 |
0.46 |
0.44 |
1Refer to the full report for alternative performance measures and definitions.
For further information, please contact
Sverker Källgården, CEO
[email protected]
+46 761 444 888
Pia-Lena Olofsson, CFO
[email protected]
+46 708 580 453
Link to the report archive:
About Cibus Nordic Real Estate
Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. 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 more than 300 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop, Lidl and S Group.
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 08:00 CEST on 18 August 2021.
Attached files
Cibus_Pressrelease_2021-08-18_eng.pdfCibus_Interim_report_Q2_2021.pdf
Cibus_Interim_report_Q2_2021_1.pdf
Om Cibus
Cibus affärsidé är att förvärva, förädla och utveckla högkvalitativa fastigheter i Norden med välrenommerade livsmedelsbutiker och dagligvarukedjor som ankarhyresgäster för att kunna ge en stabil, konjunkturoberoende och ökande utdelning till våra aktieägare.
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