Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Catena

SEKm 2018 2019e 2020e
Rental Income 1091 1185 1265
Rental growth (%) 22,3 8,6 6,8
Net operating income 829 914 980
NOI margin (%) 76 77,2 77,4
CEPS Adj 14,77 16,94 18,1
CEPS Adj. growth (%) 29,9 14,7 6,9
DPS 5,75 6,25 6,75
EPRA NAVPS 169,53 201,42 229,02
EPS 22 26,17 14,97
EPS Adj 22 26,17 14,97
P/CEPS Adj. (x) 14,9 23,6 22,1
P/E Adj. (x) 10 15,3 26,8
P/EPRANAV (x) 1,3 1,99 1,75
Implicit yield (%) 5,1 3,7 3,9
div.yield (%) 2,6 1,6 1,7
LTV (%) 55,9 53,2 51,9
SEKm 2018 2019e 2020e
Rental income 1091 1185 1265
Other income 0 0 0
Operating costs -262 -271 -286
Net operating income 829 914 980
NOI margin (%) 76 77,2 77,4
Value change realized 5 71 0
Value change unrealized 340 592 0
Administration costs -31 -33 -35
All other income & costs 0 0 0
EBIT 1141 1537 940
Net financial items -236 -234 -234
Value change derivatives 35 -80 0
Pretax profit 940 1224 705
Deferred profit tax -109 -238 -117
Current tax -8 -6 -28
Net profit 823 979 560
Minority interest 0 0 0
Net profit to shareholders 823 979 560
Other income statement related information 2018 2019 2020
Cash earnings 553 634 677
Tax rate (%) -12,4 -20 -20,6
Net investments 1245 822 1167
Acquisitions N/A N/A N/A
Other investments 0 0 0
Divestments N/A N/A N/A
EPS 22 26,17 14,97
CEPS 14,77 16,94 18,1
CEPS adj. 14,77 16,94 18,1
Dividend per share Adj 5,75 6,25 6,75
Payout ratio of CEPS (%) 38,9 36,9 37,3
Rental growth (%) 22,3 8,6 6,8
NOI growth (%) 23,4 10,3 7,2
CEPS growth (%) 29,9 14,7 6,9
CEPS adj. growth (%) 29,9 14,7 6,9
Balance Sheet 2018 2019 2020
Properties 14721 16206 17373
Deferred tax asset 97 92 87
Receivables 154 168 179
Cash and liquid assets 281 281 281
Other assets 732 1149 1227
Current liabilities 411 490 490
Total assets 15985 17896 19147
Shareholders equity 5309 6357 7125
Minority 0 0 0
Deferred tax 1272 1278 1306
Interest bearing debt 8994 9770 10225
Short-term debt 0 0 0
Derivatives 411 490 490
Total liabilities and equity 15985 17896 19147
Other balance sheet related information 2018 2019 2020
Net IB debt 8236 8617 9012
Rental area m2 (000) 1793 1793 1793
Rent per m2 608 661 706
Equity ratio (%) 33,2 35,5 37,2
Loan to value (%) 55,9 53,2 51,9
Net loan to value (%) 63 62 60,5
ICR real estate 3 4 4
Interest rate on debt (%) 3 3 3
Occupancy rate (%) 95,9 95,9 95,9
NAV per share 0 0 0
BVPS 141,89 169,91 190,45
EPRA NAV per share 169,53 201,42 229,02
Valuation 2018 2019 2020
Shares outstanding adj. 37 37 37
Share price 180,64 400,5 400,5
Market cap. (m) 6759 14984 14984
P/E 10 15,3 26,8
Net IB debt / share 220 230 241
P/CEPS 14,9 23,6 22,1
P/CEPS adj. 14,9 23,6 22,1
EV/EBIT 14,5 15,4 25,5
Implicit yield (%) 5,1 3,7 3,9
Yield on BV (%) 5,6 5,6 5,6
Dividend yield (%) 2,6 1,6 1,7
P/NAV N/A N/A N/A
P/EPRA NAV 1,3 1,99 1,75
P/BVPS 1,55 2,36 2,1
EV/NOI 19,89 25,81 24,49