Cibus Real Estate AB (publ)
(OSTO:CIBUS)
kr
141.25
-0.25 (-0.18%)
Market Cap: 11.59 Bil
Enterprise Value: 29.57 Bil
PE Ratio: 12.48
PB Ratio: 1.05
GF Score: 72/100 
Q2 2025 Cibus Nordic Real Estate AB (publ) Earnings Call Transcript
Jul 17, 2025 / 08:00AM GMT
Release Date Price:
kr180.7
(-1.23%)
Key Points
Positve
- Cibus Nordic Real Estate AB (FRA:6N5) reported a 35% increase in rental income to EUR41.3 million, indicating strong revenue growth.
- The company achieved a 28% growth in net operating income, reaching EUR39.1 million, showcasing effective cost management.
- Cibus Nordic Real Estate AB (FRA:6N5) has a well-diversified portfolio with 637 properties across 7 countries, enhancing stability and reducing risk.
- The company successfully refinanced EUR276 million of bank financing, reducing margins by over 50 basis points, which will decrease net financial costs by EUR1.4 million annually.
- Cibus Nordic Real Estate AB (FRA:6N5) continues to pay monthly dividends, celebrating a 5-year anniversary, which is attractive to income-focused investors.
Negative
- The growth in net operating income was lower than rental income due to a previous insurance compensation, indicating potential volatility in service income.
- Derivatives were negative in the second quarter, amounting to minus EUR6.7 million, which could impact financial stability.
- The company's net loan-to-value ratio is expected to increase again after deploying funds from the recent share issue, indicating potential leverage concerns.
- The weighted average unexpired lease term (WAULT) with Belgian termination rights is 4.4 years, which may pose a risk of tenant turnover.
- Despite refinancing efforts, the average interest rate remains relatively high at 4%, which could affect profitability in a rising interest rate environment.
Operator
Welcome to the Cibus Q2 2025 report presentation. (Operator Instructions)
Now, I will hand the conference over to CEO, Christian Fredrixon; and CFO, Pia-Lena Olofsson. Please go ahead.
Christian Fredrixon;publ;Chief Executive Officer
Cibus Nordic Real Estate AB
()-
Well, good morning, all. Welcome to Cibus' second quarter results presentation. We're speaking to you today from our office in Stockholm. I'm Christian Fredrixon, CEO, speaking now.
Pia;Lena Olofsson;publ;Chief Financial Officer and Head of Investor Relations
Cibus Nordic Real Estate AB
()-
And Pia-Lena Olofsson, CFO.
Christian Fredrixon;publ;Chief Executive Officer
Cibus Nordic Real Estate AB
()-
And it's in the middle of summer here in Stockholm, and we apologize, there's a strict no drilling policy in the building we are, but apparently whole office buildings are empty. So apologies for
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