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.