Swedish property group Corem posts lower interest coverage ratio, cuts dividend

Corem Property AB

21/02/2024 07:22

Feb 21 (Reuters) - Swedish property group Corem
 COREa.ST  on Wednesday said its interest coverage ratio had
deteriorated further in the fourth quarter of last year, and
proposed to slash its dividend by 75%.
    Corem's interest coverage ratio, which indicates a company's
ability to pay the interest on outstanding debt, fell to 1.7 in
the fourth quarter from 2.0 in the same period a year earlier.
    For the full year, the metric fell to 1.9, from 2.5 in 2022.

 (Reporting by Greta Rosen Fondahn; editing by Milla Nissi)
 ((Greta.RosenFondahn@thomsonreuters.com))