The Board of Directors of Samhällsbyggnadsbolaget i
SBB's financial targets:
- Generated growth in profit from property management per A and B ordinary share to average at least 15 per cent per year over a five-year period (unchanged)
-
Generated income from property development to average
SEK 2,000 to 2,500 million per annum on average over a 5-year period (previous target: Generated income from property development to averageSEK 1,000 to 1,400 million per annum) - Loan to value ratio below 50 per cent, defined as adjusted debt to debt plus equity below 50 per cent (unchanged)
- Secured Loan to value ratio below 30 per cent (unchanged)
- Interest coverage ratio of at least 3.0 times (unchanged)
- Achieve a BBB+ rating in the short term, and A- in the long term (unchanged)
SBB's operational targets:
- A property portfolio of
SEK 300 billion by 2026, with retained BBB+ rating (previous target: A property portfolio ofSEK 125 billion by 2025) - Climate positive by 2030 (previous target: 100 per cent climate neutral by 2030)
- Renovations of at least 600 apartments per annum (unchanged)
SBB's dividend policy:
- To generate a steadily increasing annual dividend per A and B ordinary share (unchanged)
-
Based on the current position and outlook, the Board' of Director's ambition is to propose a dividend of
SEK 1.32 per A and B ordinary share, distributed over 12 monthly dividends, to the 2022 Annual General Meeting.
"Since our Capital Markets Day in
"SBB's business model is based on the management of social infrastructure, which is complemented by three revenue-generating value-add strategies in the form of building rights development and new construction, investments in existing holdings and value-creating transactions. With the business model, SBB creates long-term and sustainable shareholder value through a high risk-adjusted annual return. Our work in building rights development and new construction has developed strongly and by the end of the first half of 2021 had generated earnings of
"During the autumn, we conducted an investigation into the possibility of paying a monthly dividend to our shareholders from the next Annual General Meeting. The inquiry points to several positive aspects and the Board of Directors therefore has the ambition to propose to the 2022 Annual General Meeting a dividend of
"In connection with the Capital Markets Day, we will present an updated Vision 2030 where we place significantly higher demands on SBB's own green change with the goal of being climate positive in the entire value chain by 2030." SBB is holding a Capital Markets Day in Skellefteå on
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This disclosure contains information that Samhällsbyggnadsbolaget i
Samhällsbyggnadsbolaget i
https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/sbb-updates-targets-and-communicates-the-board-s-ambition-to-propose-a-dividend-of-sek-1-32-per-ordi,c3412772
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