Cibus Nordic Real Estate AB (publ) year-end report 1 July 2018 - 31 December 2018

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") releases the year-end report for the period of 1 July 2018 through 31 December 2018.


"The company has now clarified its dividend policy. Cibus has delivered on its strategy of growth through acquisitions. Since we see continued opportunities for growth, we have decided that the company will pay increasing dividends on a quarterly basis. Given our current portfolio, business plan and growth, a 5% annual increase is a reasonable target for the foreseeable future", comments Patrick Gylling, Chairman of the Board.

He continues: "We are very happy to welcome Sverker Källgården to Cibus. Sverker comes most recently from ByggPartner, a company that he during his time there made live up to stock exchange standards. After ByggPartner's introduction on Nasdaq First North, the company was made well known to a wide range of investors. Sverker starts as CEO at Cibus in March, 2019. "

  • Market value of properties: EUR 816 million
  • NOI, current earnings capacity (Dec 31): EUR 47.8 million
  • Equity ratio: 38.8%
  • LTV, senior debt: 43.4%
  • LTV, total net debt: 58.4%
  • Interest coverage ratio: 3.4x
  • Adjusted EPRA NAV/share: EUR 11.1
  • Proposed dividend per share p.a.: EUR 0.84

The year-end report is published on Cibus's website on February 27, 2019. The Annual Report will be published on March 7, 2019.

Stockholm 27 February 2019

For further information, please contact:
Ingeborg Magnusson, IR contact Cibus Nordic Real Estate AB (publ)

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 below, at 09:50 CET on 27 February 2019.

Cibus is a real estate company listed on Nasdaq First North in Stockholm. 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 132 properties in Finland. The main tenants are Kesko (58% of the properties), Tokmanni (28%) and S-Group (8%). An additional 6% of the properties are let to other daily-goods operators such as Lidl. FNCA Sweden AB, +46(0)8-528 00 399, is appointed Certified Adviser.

February 15, 2019

Following the refinancing of the first of its three senior debt facilities, announced in November 2018, Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has now refinanced the second senior debt facility. The refinancing has a positive effect on the Company's future cash flows.

February 11, 2019

The board of directors of Cibus Nordic Real Estate AB (publ) ("Cibus",) has appointed Sverker Källgården as new CEO of the company. Mr Källgården will start his new position on 4 March 2019.

November 27, 2018

"Since the listing of Cibus, we have been working with a clear vision of growing the business through further acquisitions. In July, Cibus made its first add-ons by acquiring three properties in Finland. After the reporting period, six more assets were acquired. These acquisitions have increased the cash flow of the company and support our goal of providing our investors with a long-term, stable and high return. Cibus's first dividend payment was made after the end of the reporting period in October. Going forward, dividends will be paid quarterly." Comments from Patrick Gylling, chairman of the board.

November 05, 2018

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has signed the acquisition of a portfolio of six daily-goods properties in Finland. In conjunction with the transaction, Cibus has refinanced one of its three senior-loan facilities. The new €142 million facility has a lower margin than the previous one and includes the financing of the portfolio acquired today. The acquisition and the refinancing will have a positive effect on the Company's future cash flow.

October 29, 2018

The CEO of Cibus Nordic Real Estate AB (publ) ("Cibus") Lisa Dominguez Flodin, has reached an agreement with the board of the company to leave the company and resign as CEO. The company will start a recruitment process with the aim of finding a new CEO. In the meantime, the board member Jonas Ahlblad will serve as interim CEO.

October 18, 2018

At the annual general meeting held on 18 October 2018 in Cibus Nordic Real Estate AB (publ) the main resolutions passed were the following:

September 20, 2018

The shareholders of Cibus Nordic Real Estate AB (publ), reg. no 559135-0599, are hereby invited to the annual general meeting, to be held on Thursday 18 October 2018 at 10:30 a.m. at the premises of Pareto Business Management AB, Berzelii Park 9, 9th floor in Stockholm, Sweden.

September 18, 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.

September 17, 2018

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has previously stated that the year-end report (Sw: Bokslutskommuniké) will be released on September 20, 2018. Since the report will be finalized earlier, the board has decided to release the report two days earlier, thus September 18, 2018.

August 27, 2018

Chairman Rickard Backlund has today resigned from the board of directors of Cibus Nordic Real Estate AB (publ) ("Cibus"). New acting chairman is Patrick Gylling.