Varmasti viisasta katsoa jos saa tässä markkinassa paremmilla luvuilla Euroopasta kiinteistöjä ja samalla hajautettua salkkua, kunhan luvut kestää investoinnit.
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Nordealta tullut analyysia: https://research.nordea.com/api/reportfileapi?id=944938
Tekstiä ei kauheasti ole (taulukoita piisaa), mutta tässä pääkohdat:
- Nordea laskelmissa bondien takaisinostot ja työntekijöiden optiot painavat Q2 tulosta
- Nordea uskoo pienten ostojen jatkuvan, mutta ei sulje pois isompiakaan kauppoja, koska osake alkaa olla taas järkevissä hinnoissa kaupankäynnin välineeksi.
- Tällä hetkellä preemio on n. 20% EPRA NRV:hen ja fair value range nousi 150-180 (130-160)
Q2 tulos julkaistaan 17.7.
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Q2 2024 Interim Report Cibus Nordic Real Estate AB (publ)
April - June 2024 (compared with April - June 2023)
- Rental income amounted to EUR 30,447 thousand 29,633).
- Net operating income totalled EUR 30,457 thousand (28,050).
- Profit from property management was EUR 10,324 thousand (11,543). Profit from property management, excluding non-recurring items and exchange rate effects, amounted to EUR 11,912 thousand.
- Earnings after tax amounted to EUR 2,226 thousand (3,990), corresponding to EUR 0.03 (0.06) per share.
- Unrealised changes in value affected by EUR -8,338 thousand (-8,258) on properties and by EUR -331 thousand (2,495) on interest rate derivatives.
January - June 2024 (compared with January - June 2023)
- Rental income amounted to EUR 60,966 thousand (59,300).
- Net operating income totalled EUR 58,571 thousand (55,650).
- Profit from property management was EUR 22,553 thousand (23,334). Profit from property management, excluding non-recurring items and exchange rate effects, amounted to EUR 25,665 thousand.
- Earnings after tax amounted to EUR -1,763 thousand (5,957), corresponding to EUR -0.05 (0.09) per share.
- Unrealised changes in value affected by EUR -30,677 thousand (-16,735) on properties and by EUR 3,620 thousand (0) on interest rate derivatives.
- EPRA NRV amounted to 675,887 TEUR (744,468) corresponding to EUR 11.8 (13.0) per share.
NAV laskenut siis arvonmuutosten myötä 13€ → 11,8€ eli n. 137SEK.
Operatiivinen kassavirta parempaan suuntaan vertailukauteen.
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Suunnattu anti tarjolla nopeutetulla menettelyllä kasvun rahoittamiseen, eli uutta kiinteistöä olisi hakusessa tuottamaan lisää kassavirtaa ajan kanssa.
… to explore the conditions for carrying out a directed share issue of approximately 5.7 million shares to Swedish and international institutional, and other qualified, investors through an accelerated bookbuilding procedure (the “Directed Share Issue”).
5,7M osaketta 
sillä saa jo ihan muutamankin lisämökin hankittua
NAV taitaa olla vähän preemiolla, joten hyvä aika ottaa markkinalta rahaa sisään. Ja kasvun tilanne näyttänyt menevän oikeaan suuntaan. Korot laskussa, joten monin tavoin hyvä aika tehdä liikkeitä.
In the first half of 2024, Cibus has grown its cash flow and its earnings capacity per share for the fourth consecutive quarter to EUR 0.97 per share as per 1 July 2024. Growth in 2024 has come from index-linked rental growth, lease renegotiations, refinancing of bonds at lower margins and the acquisition of six grocery anchored assets in Sweden for SEK 87.5 million at an accretive property yield.
"… The current market environment is providing further accretive potential growth opportunities and Cibus has already identified several promising opportunities to acquire attractive properties that match our existing property portfolio and corporate strategy. Cibus’ objective is to create long term shareholder value and these investment opportunities are expected to deliver accretive growth in cash earnings per share."
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Loppputulema:
- hinta 162SEK / lappu
- pääomat 927M SEK ennen kuluja
- alennus 4,3% eilisen sulkuhintaan ja 2,7% edellisen 10 päivän VWAP
Directed Share Issue which was directed to Swedish and international institutional, and other qualified, investors. The Directed Share Issue comprises 5,724,614 new shares at a subscription price of SEK 162 per share and the Company will hereby receive approximately SEK 927 million before transaction related costs
En tätä NAVin tilannetta eilen illasta tarkistellut sen enempää, mutta tiedotteessa tuli vastaus.
Eli oikeita liikkeitä tehdään, kun hyvällä preemiolla saadaan pääomia sisään.
The subscription price represents a premium of approximately 20.0[1] per cent to the EPRA NRV per share in Cibus, which amounted to EUR 11.8 on 30 June 2024. A number of Swedish and international institutional investors, including AP3, AP4, Clearance Capital Limited and Länsförsäkringar Fondförvaltning participated in the Directed Share Issue.
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Tämän uutisen arvo on varmasti enemmän sähköautoilijalle kuin Cibuksen omistajalle. 
Mutta kiva toimi ja yhteistyö, jos joskus alkaa todellista hyötyä saamaan vihreistä lainoista.
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Ilmoituksia kiinteistöostoista saattoi aiemman perusteella jo odotella.
Sale-leasebackia Tanskaan osalla kerätyistä pääomista
Cibus Nordic Real Estate AB (publ) has today signed an acquisition of five grocery stores in Denmark for an underlying property value DKK 107.7 million (equivalent to approximately EUR 14.5 million). The properties are acquired from the grocery chain Dagrofa ApS in a Sale and Leaseback transaction. The transaction is carried out as a share deal and closing is set for 1 October 2024.
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Ja lisää rukseja ostoslistaan. Porista pitkällä sopimuksella sekä kaksi kokonaan uutta, rakenteilla olevaa kiinteistöä, joista toinen Sompasaaresta (Nihti) Helsingin keskustan vierestä.
Cibus Nordic Real Estate AB (publ) acquires three grocery stores in Finland for an underlying property value of EUR 14.8 million
Cibus Nordic Real Estate AB (publ) has during October 2024 through three separate transactions acquired three grocery stores in Finland for an underlying property value EUR 14.8 million. The properties hold 100 per cent daily-goods and have a total lettable area of approx. 5,500 sqm with an average remaining lease term of approx. 12.9 years. The acquisitions increase Cibus’ cash earnings capacity and will be financed with a loan-to-value ratio of approx. 50 per cent through bank financing.
The first acquired property was built 2022 and is located in central Pori (Vanhakoivistontie 8, 28360 Pori) and is fully leased to S Group. The property was acquired 2 October from Special investment fund Mandatum AM Finland Properties II.
The second acquired property holds a grocery store under development and is planned to be completed under Q3 2025. The property is located in South Ostrobothnia and is fully leased to a large grocery chain. The property was acquired on 14 October and the parties have agreed not to disclose details until the opening of the store has been announced.
The third property was built 2024 and is located in central Helsinki on the island of Nihti (Nihdinranta 2, 00540 Helsinki) and is fully leased to Kesko, whose store is set to open during 2025. The area is undergoing urban redevelopment from a former harbour area to an attractive waterfront residential area with rail-bound traffic. The property was acquired 18 October from the property developer SSA Rakennus Oy.
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