Properties in northern Sweden

Diös

Diös is the largest private property company in northern Sweden and defines its market from Borlänge in the south to Luleå in the north. The majority of Diös' properties are found in the respective cities' central business districts. Given the size of the portfolio, the company has a very dominant market position in, for example, cities with underlying growth like Östersund, Umeå, Luleå and Sundsvall. The markets that Diös operates in are characterized by relatively low rental rates and high yields.

Financials

DIÖS

Net operating income 2017 2018 2019
NOI margin (%) 62,8 62,6 63,4
CEPS Adj 5,79 5,99 6,43
CEPS Adj. growth (%) 7,6 3,5 7,3
DPS 2,9 3,1 3,3
EPRA NAVPS 59,7 65,89 72,25
EPS 7,65 7,11 5,65
EPS Adj 7,65 7,11 5,65
P/CEPS Adj. (x) 9,6 9,7 9
P/E Adj. (x) 7,3 8,2 10,3
P/EPRANAV (x) 0,93 0,88 0,8
Implicit yield (%) 5,7 5,5 5,7
div.yield (%) 5,2 5,3 5,7
LTV (%) 56,9 54,7 53,4
SEKm 2017 2018 2019
Rental Income 1719 1807 1900
Rental growth (%) 28,2 5,1 5,1