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January - March 2022 (compared with January - March 2021)

- Rental income amounted to EUR 23,465 thousand (19,430).
- Net operating income totalled EUR 21,769 thousand (18,211).
- Profit from property management was EUR 14,575 thousand (11,570).
- Earnings after tax amounted to EUR 35,523 thousand (11,171), corresponding to EUR 0.79 (0.28) per share.
- Unrealised changes in property values totalling EUR 26,532 thousand (193) were included in profit.
- EPRA NRV amounted to EUR 713,216 (487,074), corresponding to EUR 14.7 (12.2) per share.

Q1 2022 INTERIM REPORT CIBUS NORDIC REAL ESTATE AB (PUBL)

January - March 2022 (compared with January - March 2021)

- Rental income amounted to EUR 23,465 thousand (19,430).
- Net operating income totalled EUR 21,769 thousand (18,211).
- Profit from property management was EUR 14,575 thousand (11,570).
- Earnings after tax amounted to EUR 35,523 thousand (11,171), corresponding to EUR 0.79 (0.28) per share.
- Unrealised changes in property values totalling EUR 26,532 thousand (193) were included in profit.
- EPRA NRV amounted to EUR 713,216 (487,074), corresponding to EUR 14.7 (12.2) per share.

"We look forward with confidence to the rest of 2022, in which we intend to continue our value-generating and profitable growth."

- Sverker Källgården, CEO

KEY FIGURES 1

Q1 2022

Q1 2021

Full-year 2021

Market value of properties, EUR million

1,543

1,270

1,500

NOI, current earnings capacity, EUR million2

102.2

72.6

85.8

Lettable area, thousand m2

950

744

867

Proportion grocery and daily-goods stores, %

94.7

95.0

94.6

Number of properties with solar panels

39

28

39

Senior debt LTV ratio, %

47.4

48.9

48.3

Net debt LTV ratio, %

52.0

61.6

57.8

Interest coverage ratio, multiple

3.7

3.4

3.5

Approved dividend per share paid for the period, EUR3

0.24

0.23

0.93

1Refer to the full report for alternative performance measures and definitions.
2Includes the acquisition in Denmark, which was signed in March but with Cibus taking possession on 6 April.
3Includes dividends that the Extraordinary General Meeting intends to decide on 5 May 2022.

For further information, please contact

Sverker Källgården, CEO

[email protected] 
+46 761 444 888

Pia-Lena Olofsson, CFO

[email protected] 
+46 708 580 453

This information is information that Cibus Nordic Real Estate AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on 5 May 2022.

Link to the report archive:

https://www.cibusnordic.com/investors/financial-reports/

The following documents can be retrieved from beQuoted
220505 Cibus Q1 pressrelease En-.pdf
Q1 2022 ENG.pdf

About Cibus Nordic Real Estate

Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns about 450 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop Sweden, Lidl and S Group.

Cibus on kiinteistöyhtiö, joka on listattu Nasdaq First North Premier Growth Market -listalla Tukholmassa. Yhtiön liikeideana on hankkia, kehittää ja hallinnoida Pohjoismaissa korkealaatuisia kiinteistöjä, jotka on vuokrattu päivittäistavarakaupan ketjuille. Yhtiöllä on tällä hetkellä 280 kiinteistöä Suomessa ja Ruotsissa. Päävuokralaiset ovat Kesko, Tokmanni, Coop ja S-ryhmä.