Targets
Overarching target
Eastnine’s overarching target is to create a sustainable, attractive total return on investment for its shareholders.
Growth target
Eastnine's long-term ambition is to grow the property portfolio in order to increase profitability.
Financial targets and limits
Financial targets
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Profit from property management per share should increase.
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Eastnine has the ambition to annually increase dividend per share. The dividend shall amount to at least one third of profit from property management, less current tax
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Return on equity should be at least 10 per cent.
Financial limits
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Eastnine is aiming for a Loan-to-value ratio1 (LTV) of around 50 per cent over a business cycle. The LTV may not exceed 60 per cent.
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The interest coverage ratio shall be at least 2.0x.
1 12 months rolling.
Overarching sustainability targets
Eastnine's sustainability ambition is to define the future of sustainable real estate in our regions, by striving for the following environmental targets:
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100 per cent of the property business shall be EU-taxonomy aligned.
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Net Zero 2040, SBTi-aligned and ≥50 % emission reduction by 2030.
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100 per cent sustainability-certified property portfolio
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Five stars in GRESB, top 20 per cent
The sustainability ambition and the overarching goals are supported by area-specific targets and key performance indicators that are monitored as part of the Company’s sustainability strategy.