Feb 25 (Reuters) - Samhallsbyggnadsbolaget I Norden AB SBBb.ST:
Q4 PRETAX PROFIT SEK 995 MILLION VERSUS LOSS SEK 802 MILLION YEAR AGO
SBB FY RENTAL INCOME SEK 1,871 MILLION
SBB FY ADJUSTED OPERATING CASH FLOW SEK -1,017 MILLION
IN THE LONG TERM, SBB WILL BENEFIT FROM PPI BECOMING A MORE EFFICIENT COMPANY WITH LOWER ADMINISTRATIVE COSTS AND BETTER ABILITY TO OBTAIN ATTRACTIVE FINANCING
AT THE TIME OF THE TRANSACTION, WE ESTIMATED THE VALUE OF THESE FUTURE COST SAVINGS RELATED TO SBB’S SHARE AT SEK 3.8 BILLION
PPI HAS HAD ITS CREDIT RATING RAISED TO BBB+ AND SECURED LONG-TERM FINANCING AT MORE FAVORABLE LEVELS IN 2026
PPI SCOPE TO RAISE ITS DIVIDEND TO A LEVEL THAT WILL GENERATE AROUND SEK 360 MILLION IN CASH FLOW PER YEAR FOR SBB
HEALTHY DEMAND FROM TENANTS AND A STRONGER INVESTMENT MARKET SHOULD LEAD TO A GOOD TOTAL RETURN FOR SBB’S PROPERTY EXPOSURE IN 2026
Further company coverage: [SBBb.ST]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com;))