Financial targets - Fabege

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Financial targets

In the financial targets of Fabege we are listing; return on equity, loan-to-value ratio, equity/assets ratio, interest coverage ratio and debt ratio.

Targets

Results 2019

 

Return on equity    
Fabege will consistently be among
the foremost publicly traded property
companies in terms of return on equity.

The return on shareholders’ equity amounted to 16 per cent through contributions from Property
Management and Development.

16%

Loan-to-value ratio    
The loan-to-value ratio must never
exceed 50 per cent.

The loan-to-value ratio fell to 36 per cent due to rising property values and value-creating
investments.

36%

Equity/assets ratio    
The target is to maintain an equity/assets ratio of at least 35 per cent.

The equity/assets ratio was 52 per cent.

52%

Interest coverage ratio    
The interest coverage ratio is to be at least 2.2.

The interest coverage ratio is well above the target, an effect of strong net operating income
combined with low market interest rates.

4.4

Debt ratio    
The long term debt ratio will amount to a maximum of 13.

The debt ratio calculated as interest-bearing
liabilities divided by net operating income less central administration amounted to 12.8.

12.8

Surplus ratio    
The target is for the surplus ratio to amount to 75 per cent

The surplus ratio has continually improved, owing
to growing revenue, an increasingly modern portfolio
and persistent efforts to keep costs down.

75%

Published 17 September 2018