Cibus Nordic Real Estate
Year-end report 2024 Cibus Nordic Real Estate AB (publ)
October - December 2024 (compared with October - December 2023)
- Rental income amounted to EUR 31,001 thousand (30,063).
- Net operating income totalled EUR 28,692 thousand (28,126).
- Profit from property management was EUR 11,115 thousand (11,788). Profit from property management, excluding non-recurring costs and exchange rate effects, amounted to EUR 12,536 thousand.
- Earnings after tax amounted to EUR 2,573 thousand (-33,909), corresponding to EUR 03
(-0.60) per share. - Unrealised changes in value affected by EUR -7,689 thousand (-31,200) on properties and by EUR -455 thousand (-20,800) on interest rate derivatives.
January - December 2024 (compared with January - December 2023)
- Rental income amounted to EUR 122,374 thousand (119,128).
- Net operating income totalled EUR 116,482 thousand (114,729).
- Profit from property management was EUR 46,859 thousand (51,932). Profit from property management, excluding non-recurring costs and exchange rate effects, amounted to EUR 52,394 thousand.
- Earnings after tax amounted to EUR -4,759 thousand (-19,919), corresponding to EUR -0.12
(-0.41) per share. - Unrealised changes in value affected by EUR -44,705 thousand (-53,416) on properties and by EUR -9,814 thousand (-21,865) on interest rate derivatives.
- EPRA NRV amounted to EUR 734,853 thousand (712,847) corresponding to EUR 11.7 per share (12.5)
"During 2024, Cibus announced a large number of acquisitions and, pro forma, we have grown our earnings capacity per share by 9% to EUR 1.04/share* and the value of the property portfolio by about 35%."
- Christian Fredrixon, CEO
* See page 21 in Cibus year-end report for pro forma presentation.
THE BOARD'S RECOMMENDATION TO THE ANNUAL GENERAL MEETING REGARDING DIVIDEND
The Board of Directors intends to propose to the 2025 Annual General Meeting an unchanged dividend of EUR 0.90 (0.90) per share distributed over 12 payment occasions. The Board of Directors intends to submit a complete proposal with monthly amounts and reconciliation dates in connection with the notice to the Annual General Meeting.
|
Key figures 2 |
Q4 |
Q4 |
Jan-dec |
Jan-dec |
|
Investment properties, EUR million |
1,870 |
1,798 |
1,870 |
1,798 |
|
NOI, current earnings capacity, EUR million |
122.3 |
113.8 |
122.3 |
113.8 |
|
Lettable area, thousand m2 |
1,030 |
976 |
1,030 |
976 |
|
Proportion of GFA grocery and daily-goods stores, % |
93.5 |
92.8 |
93.5 |
92.8 |
|
Number of properties with solar panels |
49 |
46 |
49 |
46 |
|
Senior debt LTV ratio, % |
50.6 |
51.1 |
50.6 |
51.1 |
|
Net debt LTV ratio, % |
58.1 |
57.5 |
58.1 |
57.5 |
|
Debt ratio (net debt/EBITDA), multiple (rolling 12 months) |
10.4 |
9.9 |
10.4 |
9.9 |
|
Interest coverage ratio, multiple (rolling 12 months) |
2.2 |
2.2 |
2.2 |
2.2 |
2Refer to the full report for alternative performance measures and definitions.
19 February 2025
For further information, please contact
Christian Fredrixon, CEO
christian.fredrixon@cibusnordic.com
+46 (0)8 12 439 100
Pia-Lena Olofsson, CFO
pia-lena.olofsson@cibusnordic.com
+46 (0)8 12 439 100
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 Europe with daily goods store chains as anchor tenants. The company currently owns more than 640 properties in Europe. The main tenants are Kesko, Tokmanni, Coop, S Group, Rema 1000, Dagrofa, Carrefour and Lidl.
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 19 February 2025.
| Datum | 2025-02-19, kl 08:00 |
| Källa | beQuoted |
Alla Aktier tipsar: Har du redan ett konto på Avanza? Varför inte skapa ett på Nordnet också och jämföra funktioner, courtage mm. Det tar inte lång tid, du fixar det direkt här med BankID