Q2 2026 Cibus Nordic Real Estate AB (publ) Earnings Call Transcript
Key Points
- Cibus Real Estate AB (publ) (FRA:6N5) reported a 7% increase in profit from property management per share compared to the previous quarter.
- The company achieved a 15% increase in net operating income, with an occupancy rate rising to 96.1%.
- Cibus Real Estate AB (publ) (FRA:6N5) successfully acquired 24 properties valued at EUR 107 million, contributing to a 3% increase in earning capacity per share.
- The company maintains a strong tenant mix, with 82% of rental income derived from daily goods tenants, providing stable cash flow.
- Cibus Real Estate AB (publ) (FRA:6N5) has a robust hedging strategy, with 96% of its interest rate risk hedged, minimizing exposure to market volatility.
- The company faces a volatile interest rate market, which poses a risk of increased inflation impacting financial performance.
- Net financial items were negatively affected by exchange rate changes amounting to EUR 0.8 million.
- The company experienced a decrease in net operating income in the like-for-like earnings capacity by 1.1% to EUR 154.6 million.
- Cibus Real Estate AB (publ) (FRA:6N5) reported a slight increase in net debt to EBITDA to 10.8 times, reflecting acquisition-intensive periods.
- The company incurred short-term cost increases due to recruitment for in-house letting and property management, although long-term savings are expected.
Welcome to the CIBIS Q2 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers, session participants are able to ask questions by dialing pound key 5 on their telephone keypad. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now, I will hand the conference over to the speakers. Please go ahead.
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Thank you.
This is Sina Lindhirk. I'm CEO at CBUST and with me I have heard enough all of SOM.
It's been a stable quarter for CBUST with increasing earning capacity per share linked to the transactions we made during the quarter.
But before I present the result. Further, I'll just give you a short CBUS presentation for those of you who don't know CBUS before.
CBUS focus on grocery properties and we have now business in seven countries, Finland, Sweden, Norway, Denmark, and the Benedux
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