Real estate company KlaraBo updates targets and dividend policy
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Fastigheter |
| Industri | Förvaltning |
The board of KlaraBo has, in connection with the company's annual strategy review, set the following targets:
Financial targets
• KlaraBo is to achieve average annual growth in net realizable value per share of at least 15 per cent including any value transfers over the course of a business cycle (unchanged).
• KlaraBo is to achieve average annual growth in income from property management per share of at least 12 per cent over the course of a business cycle (unchanged).
• The interest-coverage ratio shall not fall below 1.75 times over time (new).
• The loan-to-value ratio shall not exceed 60 percent over time (new).
Operational targets
• The rental trend for our existing housing units that can be renovated is to significantly exceed the general annual rental increase through active management and investments (unchanged).
The previous targets of owning and managing at least half a million square meters of residential floor space by the end of 2025 and starting construction of at least 500 housing units per year have been removed.
“KlaraBo shall be a growth company, and the updated goals aim to clarify the board's and management's ambition and expectations. With our proven business model that generates organic growth, complemented by potential acquisitions and the potential in our project portfolio, we are well-positioned to continue our growth journey and thereby create value for our tenants, shareholders, and society at large”, says Andreas Morfiadakis, CEO of KlaraBo.
Dividend policy
KlaraBo shall, over time, be a dividend-paying company but will, in the coming years, prioritize growth through investments in the existing portfolio, acquisitions, and the company's project portfolio.
Previous dividend policy – KlaraBo has a long-term goal of distributing 50 per cent of the taxed profit from property management. However, KlaraBo will prioritise growth via new construction, investments in the existing portfolio, and acquisitions in the next few years.
Sustainability targets
The company has previously established the following targets in the areas of climate and energy, circular society, secure and pleasant neighborhoods, employees and sustainable business:
- Climate and energy: By 2030, only renewable energy will be used for electricity, heating, and vehicles, and we are to be climate-neutral in our entire value chain by 2045.
- Circular societies: 70 per cent of all construction materials will be sorted for recycling in connection with conversions and new constructions.
- Secure and pleasant neighborhoods: We will offer 50 summer jobs or employment opportunities to residents of our residential areas, through 2025.
- Employees and Sustainable business:
- By no later than 2025, we will have reached a long-term even gender distribution (40/60) and reflect society with respect to international background.
- No cases of corruption or discrimination.
For other sustainability targets and more information about KlaraBo 's sustainability efforts, see www.klarabo.se