Q3 2023 Interim Report Cibus Nordic Real Estate AB (publ)
July - September 2023 (compared with July - September 2022)
- Rental income amounted to EUR 29,765 thousand (27,794).
- Net operating income totalled EUR 30,953 thousand (26,157).
- Profit from property management was EUR 16,810 thousand (14,653). Profit from property management, excluding non-recurring costs and exchange rate effects, amounted to EUR 14,242 thousand.
- Earnings after tax amounted to EUR 8,032 thousand (24,204), corresponding to EUR 0.13 (0.49) per share.
- Unrealised changes in property values totalling EUR -5,481 thousand (8,945) were included in profit.
January - September 2023 (compared with January - September 2022)
- Rental income amounted to EUR 89,065 thousand (78,452).
- Net operating income totalled EUR 86,603 thousand (73,115).
- Profit from property management was EUR 40,144 thousand (42,778). Profit from property management, excluding non-recurring costs and exchange rate effects, amounted to EUR 39,532 thousand.
- Earnings after tax amounted to EUR 13,989 thousand (90,558), corresponding to EUR 0.23 (1.90) per share.
- Unrealised changes in property values totalling EUR -22,216 thousand (52,660) were included in profit.
- EPRA NRV amounted to 743,893 TEUR (735,836) corresponding to EUR 13.0 (15.2) per share.
"I take a bright view of Cibus's future as the obvious stock of choice for those seeking exposure to grocery and daily-goods properties and the stable cash flows that they offer."- Sverker Källgården, CEO
|
Key figures 1 |
Q3 |
Q3 |
Jan-Sep |
Jan-Sep |
|
Market value of properties, EUR million |
1,828 |
1,858 |
1,828 |
1,858 |
|
NOI, current earnings capacity, EUR million |
112.4 |
104.3 |
112.4 |
104.3 |
|
Lettable area, thousand sq.m. |
979 |
968 |
979 |
968 |
|
Proportion grocery and daily goods stores, % |
93.2 |
94.0 |
93.2 |
94.0 |
|
Number of properties with solar panels |
44 |
42 |
44 |
42 |
|
Senior debt LTV ratio, % |
50.5 |
46.0 |
50.5 |
46.0 |
|
Net debt LTV ratio, % |
56.7 |
58.0 |
56.7 |
58.0 |
|
Interest coverage ratio, multiple |
2.3 |
3.5 |
2.3 |
3.5 |
|
Approved dividend per share paid for the period, EUR |
0.22 |
0.25 |
0.69 |
0.73 |
1Refer to the full report for alternative performance measures and definitions.
7 November 2023
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:
https://www.cibusnordic.com/investors/financial-reports/
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 about 450 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop Sweden, 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 CET on 7 November 2023.
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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