Brief: SBB Q4 Net Operating Income Falls To SEK 537 Mln

Samhallsbyggnadsbolaget I Norden AB

19/02/2025 07:05

Feb 19 (Reuters) - Samhallsbyggnadsbolaget I Norden AB
 SBBb.ST :
    * BY END OF 2025, OBJECTIVE IS TO INCREASE QUALITY AND
NORMALIZE
CENTRAL COST LEVEL, ENTAILING A SIGNIFICANT REDUCTION IN COST
LEVEL
    * Q4 RENTAL INCOME AMOUNTED TO SEK 792 M (1,069).
    * Q4 CASH FLOW FROM OPERATING ACTIVITIES BEFORE CHANGES IN
WORKING
CAPITAL WAS SEK 199M (-276).
    * Q4 NET OPERATING INCOME AMOUNTED TO SEK 537 M (713)
    * ASSESSES THAT THE PROPERTY MARKET  WILL BE STRONGER
LOOKING
AHEAD AND THAT THE NUMBER OF TRANSACTIONS WILL  INCREASE
    * Q4 LOAN-TO-VALUE RATIO 61% VERSUS 54% YEAR AGO
    * OVER THE NEXT 12 MONTHS, IT IS LIKELY THAT SBB WILL BE
ABLE TO
CONDUCT SEVERAL  SMALLER TRANSACTIONS, AND PERHAPS ONE LARGER
ONE, WHICH WILL, ON AGGREGATE,  TRANSLATE INTO A SUBSTANTIAL
VOLUME ON REASONABLE TERMS
    * UPCOMING  ACQUISITIONS ARE ATTRIBUTABLE TO PREVIOUSLY
ENTERED
AGREEMENTS, TOTALLING  SEK 25M
    * A RESTRICTIVE VIEW ON ACQUISITIONS AND A CAUTIOUS ATTITUDE
TOWARDS  NEW INVESTMENTS ALLOW CASH FLOW FROM THE PROPERTY
OPERATIONS TO BE  EARMARKED FOR OTHER PURPOSES
    * IS CONDUCTING SEVERAL DISCUSSIONS  REGARDING NEW OR
EXPANDED
PARTNERSHIPS AIMED AT FURTHER STRENGTHENING  SBB’S FINANCIAL
POSITION
    * Q4 LONG-TERM EPRA NRV SEK 12,598  MILLION VERSUS SEK
18,635
MILLION YEAR AGO
    * HAS IDENTIFIED NON-STRATEGIC ASSETS OF ABOUT SEK 10BN TO
BE SOLD
OVER TIME
    * OVER THE PAST 24 MONTHS, INDEBTEDNESS HAS DECREASED BY SEK
31,348BN; SBB IS WORKING ACTIVELY TO REDUCE ITS ABSOLUTE LEVEL
OF DEBT

Source text:  ID:nMFN5XpnDf 
Further company coverage:  SBBb.ST 

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