Targeting sustainable cash flows
The overall objective is to create sound and sustainable cash flow growth while constantly evaluating opportunities in the market.
Financial target
During the period 2026–2030, growth in profit from property management per share is to average 10% per year.
Growth during 2025:
+7%
Finance policy
Financing and interest-rate risk are managed by applying a number of restrictions and frameworks in the company’s finance policy which aims to limit the company’s financial risk:
- The loan-to-value ratio should not exceed 55 percent.
- Unsecured debt should not exceed 15 percent.
- Interest-bearing net debt/EBITDA should not exceed a multiple of 12.0.
- Long-term, the interest-coverage ratio should not fall below a multiple of 2.0.
Interest-bearing net debt/EBITDA
Not to exceed a multiple of 12.0.
Loan-to-value ratio
Not to exceed 55 percent.
Interest-coverage ratio
Long term at least a multiple of 2.0.
Sustainability targets
Energy performance
During the period 2026–2030, 100 improvements of properties’ energy performance certificate (EPC) will be achieved.
Carbon emissions
During the period 2021–2030, carbon emissions per square meter from Scope 1 and Scope 2 will reduce by 42%.