Q1 2026 Interim Report Cibus Real Estate AB (publ)
January - March 2026 (compared with January - March 2025)
- Rental income amounted to EUR 45.3 million (39.1).
- Net operating income totalled EUR 42.6 million (36.6).
- Profit from property management amounted to EUR 20.9 million (18.4) excluding non-recurring items and exchange rate effects, and to EUR 20.8 million (38.0) including non-recurring items and exchange rate effects. The previous year's result was affected by income of EUR 20.5 million in the form of negative goodwill in connection with the acquisition of the Benelux operations.
- Earnings after tax for the period amounted to EUR 24.9 million (31.0), corresponding to EUR 0.30 (0.42) per share.
- Unrealised changes in value affected by EUR -4.2 million (-7.3) on properties and by EUR 14.0 million (-1.3) on interest rate derivatives.
- EPRA NRV amounted to EUR 1,063.1 million (964.7), corresponding to EUR 13.0 (12.6) per share.
"It is gratifying that, following the quarter, we have completed acquisitions that both raise the standard of Cibus's portfolio and increase earnings per share."
- Stina Lindh Hök, CEO
| Key figure¹ In EUR millions, unless otherwise stated |
Q1 2026 | Q1 2025 | Full-year 2025 |
| Rental income | 45.3 | 39,1 | 166.7 |
| Net operating income | 42.6 | 36.6 | 157.6 |
| Profit from property management | 20.8 | 38.02 | 98.6 |
| Unrealised changes in property values | -4.2 | -7.3 | -0.5 |
| Earnings after tax | 24.9 | 31.0 | 91.4 |
| Market value of investment properties | 2,650 | 2,433 | 2,641 |
| Property value, green assets | 1,134 | 1,037 | 1,128 |
| Net operating income, current earnings capacity | 169.2 | 156.3 | 167.7 |
| Net debt LTV ratio, % | 57.2 | 58.7 | 58.2 |
| Debt ratio (net debt/EBITDA), multiple | 10.4 | 12.8 | 10.9 |
| Forward looking debt ratio (net debt/EBITDA), multiple | 9.8 | 10.0 | 10.1 |
| Interest coverage ratio, multiple | 2.4 | 2.3 | 2.4 |
| No. of shares outstanding | 82,086,045 | 76,286,045 | 82,086,045 |
| Average No. of shares outstanding | 82,086,045 | 72,291,877 | 78,569,668 |
| Profit from property management per share, | 0.25 | 0.25 | 1.03 |
| EPRA NRV/share, EUR | 13.0 | 12.6 | 13.0 |
1Refer to the full report for alternative performance measures and definitions.
2Profit from property management includes income of EUR 20.5 million in the form of negative goodwill in connection with the acquisition of the Benelux operations.
For further information, please contact
Stina Lindh Hök, CEO
[email protected]
+46 (0)8 12 439 100
Pia-Lena Olofsson, CFO
[email protected]
+46 (0)8 12 439 100
Link to the report archive:
https://www.cibusrealestate.com/investors/financial-reports
About Cibus 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 properties in Europe with grocery retail chains as anchor tenants. The company currently owns about 700 properties in Europe. The largest tenants are Kesko, Tokmanni, Coop, S Group, Rema 1000, Salling, Lidl, Dagrofa and Carrefour.
This information is information that Cibus 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 07:30 CEST on 29 April 2026.
Om Cibus
Cibus affärsidé är att förvärva, utveckla och förvalta fastigheter av hög kvalitet i Europa med dagligvaruhandelskedjor som ankarhyresgäster.
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