Marketing material commissioned by Cibus.
https://research.nordea.com/api/reportfileapi?id=633858&channel=Finwire
Cibus reports its Q3 results on 12 November. We expect net operating income of EUR 16.4m, up from EUR 15.1m in Q2 and EUR 12.5m in Q3 2019. We expect profit from property management (IFPM) of EUR 10.1m, up from EUR 7.8m in Q2 and EUR 7.3m a year ago. Cibus currently trades at a 29% premium to Q2 EPRA NAV, ie at a clear premium to the Nordic sector. Cibus's infrastructure-like exposure to daily goods and grocery retail assets provides a stable stream of rental income with only a limited threat from e-commerce.
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