Debt finance

Eastnine has a stable financial foundation with a low loan-to-value ratio and high liquidity and high equity/asset ratio. Eastnine’s operations is mainly financed by equity and liabilities to credit institutions. Interest-bearing liabilities comprise of bank loans from five banks. Only a minor part of the Company’s financing constitutes other liabilities, including, inter alia, adopted but as yet unpaid dividends, property taxes, and tenant security deposits.

Financial policy

Eastnine manages its own capital for the purpose of achieving the company’s financial targets. The financial governance and capital structure are regulated by Eastnine’s finance policy. The purpose of the financial policy is to describe the governing principles for the handling of financial assets, liabilities and risks in Eastnine and its subsidiaries. The policy serves to ensure that Eastnine's financing and financial management is conducted in a structured and well-planned fashion, and that financial risks are considered and controlled. The final aim is to achieve balanced and low financial expenses considering the inherent risks of the chosen strategy.

Eastnine strives for a loan-to-value ratio of around 50 per cent over a business cycle. The loan-to-value ratio shall not exceed 60 per cent.

Liquidity

Eastnine’s strong liquidity and low loan-to-value ratio makes the Company is well-equipped for further expansion of the property portfolio and to meet upcoming payments.

Green financing

According to Eastnine's business plan and financial policy, green financing should be prioritized. At the beginning of July 2021, Eastnine issued an unsecured green bond of EUR 45 million. The capital financed assets in accordance with Eastnine's Green Financing framework. In October 2023, the bond was redeemed early.

Eastnine's green funding framework has received the highest possible rating from the independent valuation institute Cicero (Center for International Climate Research), Dark Green in combination with Excellent.