Cibus Nordic Real Estate AB (publ) (CIBUS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning all. Welcome to CIBA's second quarter results presentation. We're speaking to you today from our office in Stockholm. Christian Fredriksson, CEO, speaking now. And Pia-Lena Olofsson, CFO. And it's in the middle of summer here in Stockholm, and we apologize. There's a strict no drilling policy in the building we are, but apparently someone thought all office buildings were empty. So apologies for any drilling in the background noise here from somewhere in the building. Right, right. Let's jump into things. CBUS, converting food into yield. That's our slogan. It still is. And it tells exactly what we do. It's still a fantastic slogan because it says what we do, i.e. owning grocery, daily goods, real estate. Looking at our portfolio and what we do these days is we're still the only listed pure daily goods real estate vehicle in the Nordics. We've been listed since 2018. We are now a pan-European platform after our acquisition in the Benelux earlier this year. We aim to create stable cash flows, increase earnings capacity per share. We have a market cap of about 1.3 billion euros in a very liquid share, which Pialeno will tell you a bit about later. And also important for many is that we pay the monthly dividends to our shareholders and it's a five year anniversary in October this year. And looking at the map on the right, you will see also that this is the first quarter where the this is what the NOI looks like per country for a full quarter. So you'll see Finland is our largest market with about 15% of NOI and then Belgium and Denmark fighting it out for second place about 15% of our NOI and then Sweden our third largest market, fourth largest market sorry, and then the Netherlands, Norway and Luxembourg. You will see the getting back to that a bit l...