The Targets for Nyfosa

Sweden Sweden Hemfosa subsidary Nyfosa presents objectives, financial risk limitations and dividend policy.

2018-11-07

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As set out in the prospectus, Nyfosa’s objectives, financial risk limitations and dividend policy are established as follows.

General objective

  • Generate long-term high and stable return with a focus on growth.

Growth and profitability targets

  • Average annual growth in earnings and the property portfolio of at least 20 percent up to a total property value of SEK 25 billion (excluding shares in joint ventures).
  • At least 15 percent return on equity over time, before paid tax.

Financial risk limitations 

  •  Long term, the equity/assets ratio is to amount to at least 25 percent.
  •  The loan-to-value ratio should not exceed 65 percent.
  •  The interest-coverage ratio should not fall below a multiple of two.

 Dividend policy 

  •  Profits generated will primarily be reinvested to leverage business opportunities and achieve the growth target of a total property value of SEK 25 billion, after which a significant portion of the profit will be distributed to the shareholders in the form of dividend, redemption and/or repurchase of shares.




Axel Ohlsson
axel@nordicpropertynews.com




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