Cibus Nordic Real Estate (CIBUS) Stockholm Corporate Finance Conference 2025 summary

Key financial and operational highlights

• Achieved a property value of €2.4 billion across 637 properties in 7 countries as of Q2 2025, with net operating income (NOI) of €156.3 million and a market cap of approximately €1.3 billion mid-July 2025.

• Earnings capacity per share increased to €1.05 (+9% y-o-y), with monthly dividends maintained at €0.90 per share and a 5.4% dividend yield; total return for H1 2025 was +9%.

• Portfolio remains highly stable: 81% of rental income from non-cyclical daily-goods tenants, 99% of leases CPI-linked, and 97% of debt interest rate hedged.

• Proactive capital management included a €91 million share issue in June 2025, refinancing €276 million in bank loans at lower margins, and maintaining a net LTV ratio of 55%.

• Announced 18 property acquisitions in 5 countries (total €107 million) and divested 8 non-strategic assets for €25 million in 2025.

Strategic direction and growth

• Continued Pan-European expansion, entering Benelux in 2025, with a focus on growing earnings capacity per share and executing accretive transactions.

• Strategy centers on acquiring grocery and daily-goods properties, leveraging sector resilience and CPI-linked rents for stable, long-term growth.

• Ongoing balance sheet optimization, refinancing, and hedging to support growth and manage risk.

• Actively evaluating new opportunities in existing and new European markets.

ESG and sustainability initiatives

• Targeting climate neutrality by 2030, with 49% of assets taxonomy-aligned and 79% of tenants having science-based targets.

• Reporting aligned with CSRD for FY2024 and a green and sustainable financing framework in place.

• Focus on social infrastructure, safety, accessibility, and supporting resilient communities.