Brief: Studentbostader Q3 Net Operating Income Up At SEK 68 Mln

Studentbostader I Norden AB (publ)

07/11/2024 06:27

Nov 7 (Reuters) - Studentbostader I Norden AB (publ)
 STUDBO.ST :
    * Q3 PROFIT FROM PROPERTY MANAGEMENT DECREASED TO SEK -2
MILLION
(0)
    * Q3 CHANGE IN VALUE OF PROPERTIES TOTALLED SEK 10 MILLION
(-47)
    * FINANCIAL TARGETS BY END OF 2028: GROWTH IN NET ASSET
VALUE PER
SHARE TO BE AT LEAST 10 PER CENT ANNUALLY
    * FINANCIAL TARGETS BY END OF 2028:  INTEREST COVERAGE RATIO
SHALL
AMOUNT TO AT LEAST 1.75 TIMES
    * FINANCIAL TARGETS BY END OF 2028:   LONG-TERM
LOAN-TO-VALUE
RATIO SHALL BE BELOW 60 PER CENT
    * DIVIDENDS ARE EXPECTED TO BE LOW OR NON-EXISTENT AS LONG
AS
THERE ARE GOOD GROWTH OPPORTUNITIES FOR THE BUSINESS
    * Q3 REVENUE SEK 109 MILLION VERSUS SEK 88 MILLION YEAR AGO
    * Q3 NET OPERATING INCOME SEK 68 MILLION VERSUS SEK 55
MILLION
YEAR AGO

Source text:  ID:nMFN87fQKr 
Further company coverage:  STUDBO.ST 

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