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- Cibus Nordic - Close to estimates
Cibus Nordic - Close to estimates
- Cibus’ Q2 rental income was EUR 19.8m vs the EUR 19.6m/19.7m Evli/consensus estimates.
- Net rental income was EUR 18.5m, compared to the EUR 18.5m/18.5m Evli/consensus estimates.
- Operating income came in at EUR 16.7m, the same as our EUR 16.7m estimate, as administration costs were EUR 1.8m.
- Net operating income amounted to EUR 10.8m vs the EUR 11.3m/11.5m Evli/consensus estimates. The EUR 5.9m net financial costs were a bit higher than estimated.
- Annual net rental income capacity is now EUR 76.0m.
- GAV amounted to EUR 1,331m, meaning EPRA NAV was EUR 12.3 (12.2) per share.
- Net LTV ratio was 60.1% (61.6%).
- Occupancy rate stood at 94.8% (94.7%).
- WAULT remained 5.2 years at the end of Q2.