Debt finance

Eastnine has a stable financial base with a good liquidity situation and a level of loan-to-value ratio in line with the business plan. The business is mainly financed by equity and interest-bearing liabilities in the form of bank loans from seven banks and, in one case, a direct loan. 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 favourable liquidity position and comfortable indebtedness position the company well to meet future investment and commitment obligations.

Green financing

According to Eastnine's business plan and financial policy, green financing should be prioritized.