The updated target and SBB's other financial and operational targets are presented below (previous levels are given in brackets):

• Generate growth in net asset value per ordinary share, excluding dividends on ordinary shares, to average at least 12 percent per year over a 5-year period (unchanged)
• Loan to value ratio below 50 percent (below 55 percent)
• Equity Ratio of at least 35 percent (unchanged)
• Generate an income from sales of building rights to average 250 to 400 MSEK per annum (unchanged)
• Secured Loan to value ratio less than 40 percent (unchanged)
• Interest coverage ratio of at least 2.5 times (unchanged)
• Long-term goal of dividend payout ratio of 40 percent of the dividend-based earnings (including dividends on preference shares) (unchanged)

SBB's operational goals:

• A property portfolio of SEK 40 billion by 2023, with retained investment grade rating (unchanged)
• Renovations of at least 600 apartments per annum (unchanged)
• To change its listing from First North Premier to Nasdaq Stockholm's main list in 2019 (unchanged)

”We are actively working to strengthen our financial position in order to achieve an investment grade rating. By updating the LTV target, we take another step on that journey,” says Ilija Batljan, CEO and Founder of SBB.