Press

2019-09-11

Offentliga Hus establishes financial and operational goals

Fastator's largest holding company Offentliga Hus has decided to establish financial and operational goals in order to give the capital market a clear picture of the goals and parameters that the company strives to achieve and control the business according to.

Offentliga Hus financial objectives are:

  • Equity ratio of not less than 35%
  • Total loan-to-value ratio of no more than 60%
  • Interest coverage ratio of not less than 2.0 times

Offentliga Hus operational objectives are:

  • A surplus ratio of not less than 70%
  • An increased focus on sustainability, for example through the acquisition of environmentally certified properties and investments in energy efficiency improvements in existing property portfolio

In addition to the above financial and operational objectives, Offentliga Hus after obtaining an investment grade rating within two years and conducting an IPO in 2020.

"Our ambition is to be Sweden's leading social real estate company with a good diversification in terms of both tenants and geography. The new management team that will be in place in the first quarter of next year, combined with the scalable management we enjoy through Nordic PM, gives us good prospects for continued strong growth under improved profitability while gradually improving our financial ratios with the goal of achieving an investment grade rating within two years. As announced on September 2, 2019, we have taken up a rating from Nordic Credit Rating and our ambition is to be active in the capital market in the future, comments Mats Hulth, Chairman of the Board Offentliga Hus .

For more information, please contact:

Svante Bengtsson, Vice President Fastator
svante.bengtsson @ fastator .se
+
46 (0) 70 956 67 56 

Christoffer Strömbäck, CFO Fastator
christoffer.stromback @ fastator .se
+
46 (0) 70 249 72 55 

The information in this press release is such as Fastator is obliged to publish under the EU Market Abuse Regulation (MAR) 296/2014. The information was submitted, through the agency of the above contact person, for publication on 11 September at 08.30 CET. 

 About Fastator
Aktiebolaget Fastator (publ) is an investment company specializing in the real estate sector. Fastator's business concept is to start and invest in real estate-related companies where we through active ownership contribute to a long-term value development. Since September 24, 2015, Fastator's share has been traded on the Nasdaq First North Growth Market. The company's Certified Adviser is Erik Penser Bank AB (publ), tel. + 46 8 463 80 00, email: certifiedadvisor@penser.se.

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