Cibus Nordic Real Estate AB (publ)
STO:CIBUS
Cibus Nordic Real Estate AB (publ)
Cibus Nordic Real Estate AB engages in the acquisition, development, and administration of properties for grocery and store chains. The company is headquartered in Stockholm, Stockholm and currently employs 9 full-time employees. The company went IPO on 2018-03-09. The company owns a portfolio consisting of more than 100 properties with lettable area of approximately 437,860 square meters. The portfolio is concentrated primarily in Sweden, Finland, Denmark and Norway. The Company’s main focus lies on the Helsinki region and the southern part of Finland with tenants mainly being Kesko, Tokmanni and S-Group.
Cibus Nordic Real Estate AB engages in the acquisition, development, and administration of properties for grocery and store chains. The company is headquartered in Stockholm, Stockholm and currently employs 9 full-time employees. The company went IPO on 2018-03-09. The company owns a portfolio consisting of more than 100 properties with lettable area of approximately 437,860 square meters. The portfolio is concentrated primarily in Sweden, Finland, Denmark and Norway. The Company’s main focus lies on the Helsinki region and the southern part of Finland with tenants mainly being Kesko, Tokmanni and S-Group.
Profit Growth: Profit from property management rose to EUR 0.25 per share in Q4, up 25% from last year, driven by lower interest rates and accretive acquisitions.
Portfolio Expansion: Cibus added 189 properties during the year, growing its portfolio to 672 properties across 7 countries, with a total value of EUR 2.6 billion.
Stable Dividend: The Board proposes an unchanged dividend of EUR 0.90 per share for the year, continuing monthly payments.
Strong Cash Flow: 81% of rental income comes from daily goods tenants and 95% of properties are anchored by grocery stores, ensuring resilient cash flows.
Financing Improvements: Cibus refinanced and issued new bonds totaling EUR 85 million at a record low margin of 2.1% on a 4-year bond.
Occupancy: Economic occupancy rate reached 95.7% in Q4, with vacancy increases mostly due to a single vacated property in Finland.
Guidance: Management expects occupancy and market conditions in Finland to remain stable, and will continue pursuing accretive growth in both existing and new markets.
