News

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.

April 05, 2019
Regulatory

Cibus Nordic Real Estate AB (publ) (the "Company" or "Cibus") has issued a senior unsecured bond loan of EUR 135,000,000 on 5 March 2018 on the Swedish bond market. The bonds carry a floating interest rate of EURIBOR 3m + 4.50 per cent. per annum and matures 26 May 2021.

March 25, 2019
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today signed the acquisition of a portfolio of five assets in Finland. The acquisition is financed with the credit facility included in the refinancing announced on 15 February 2019.

March 11, 2019
Regulatorisk

Komplettering avseende uppgift om Certified Adviser och kontaktuppgifter

March 11, 2019
Regulatory

Complementary information regarding the company's Certified adviser and contact information

March 11, 2019
Regulatorisk

Aktieägarna i Cibus Nordic Real Estate AB (publ), org. nr 559135-0599 kallas härmed till årsstämma torsdagen den 11 april 2019 klockan 09.30 i Pareto Business Management ABs lokaler på Berzelii Park 9, våning 9 i Stockholm.

March 11, 2019
Regulatory

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 11 April 2019 at 09:30 a.m. at the premises of Pareto Business Management AB, Berzelii Park 9, 9th floor in Stockholm, Sweden.

March 04, 2019
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has signed the acquisition of a single asset located in Siilinjärvi, a suburb of Kuopio in Finland. The acquisition is financed with the facility included in the refinancing announced on 15 February 2019.

February 27, 2019
Regulatorisk

Cibus Nordic Real Estate AB (publ) ("Cibus" eller "Bolaget") offentliggör bokslutskommunikén för perioden 1 juli 2018 till 31 december 2018.

February 27, 2019
Regulatory

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.

February 27, 2019
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" tai "Yritys") julkaisee tilinpäätöstiedotteen ajanjaksolle 1. heinäkuuta 2018 – 31. joulukuuta 2018.

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 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
Regulatory

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.

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