Logistri updates financial targets

The Board of Directors of Logistri Fastighets AB (publ) ("Logistri") has today decided on new financial targets and risk limitations. The decision is a consequence of the company's strong growth, completed acquisitions and strengthened financial position. In recent years, Logistri has continuously expanded its portfolio in light industry, warehousing and logistics, with a focus on long-term value creation and mission critical properties. The updated targets reflect the company's ambition to continue to grow with high profitability and strengthened returns to shareholders in a market with good conditions for strategic property investments.

Considering the company's long-term strategy and the current market situation, the Board of Directors has set the following financial targets:

• Profit from property management per ordinary share shall increase by at least 15% per year on average over a five-year period.

• Return on equity of at least 15% over a five-year period.

• The net loan-to-value ratio shall not exceed 58% in the long term.

• The interest coverage ratio must exceed 2.0 times.

Logistris' goal is for the market value of the property portfolio to exceed SEK 5 billion by the end of 2028. Profit from property management is then estimated to exceed SEK 200 million per year, based on the company's assessment that the profit margin can be maintained with continued growth in the property portfolio.

As part of the financial strategy, Logistri has acted proactively and obtained a credit facility for the refinancing of the company's largest loan. By securing the refinancing in good time, the company has created the conditions for a stable capital structure and maintained financial flexibility. In addition, Logistri has already entered interest rate hedges, which increases the predictability of cash flows over time and strengthens the basis for the increased targets for return to shareholders.

"Logistri is growing profitably and following the announced acquisitions and the refinancing of our largest loan, we have – together with the Board of Directors – decided to raise our financial targets, with a particular focus on growth in profit from property management per share. The market situation for real estate investments is very favorable, and we see good opportunities to create long-term shareholder value through further investments – both in new acquisitions, in the existing portfolio and through new production," says David Träff, CEO, of Logistri.

For further information, please contact:

David Träff, CEO

Logistri fastighets AB (publ)
Phone: + 46 (0) 70 089 04 66
[email protected]

About Logistri
Logistri Fastighets AB (publ) is a real estate company that invests in commercial properties primarily in the light industry, warehousing and logistics segments. The vision is to be a stable and long-term partner to companies that demand business-adapted and sustainable premises. The company's overall objective is to generate a stable cash flow and a high risk-adjusted return with high customer confidence. Our tenants are active in various industries, most of which are Swedish and international industrial and engineering companies. The properties are located in Stockholm, Gothenburg and in southern and central Sweden, in close proximity to strategic infrastructure such as major roads, railways and ports. The company is headquartered in Stockholm. The company's share was listed on the Spotlight Stock Market in 2017. Logistri is included in the MSCI Global Micro Cap index.
For more information regarding Logistri Fastighets AB, please visit www.logistri.se.