The real estate company Cibus has reported management earnings that exceeded expectations in the third quarter. "We are delivering another strong quarter that demonstrates a stable underlying business, enhanced by acquisitions and lower interest costs," said CEO Christian Fredrixon in a statement. Rental income amounted to EUR42.0 million (EUR30.4), compared to the Modular Finance analyst consensus of EUR42.0 million. Net operating income reached EUR40.2 million (EUR29.2). Management earnings totaled EUR21.8 million (EUR13.2), surpassing the analyst consensus of EUR20.8 million. Realized changes in property values amounted to EUR0.2 million (EUR0.0). Unrealized changes in property values were −EUR2.9 million (−EUR6.4). Unrealized changes in derivatives reached EUR3.4 million (−EUR13.0). Profit after tax was EUR19.4 million (−EUR5.6), and earnings per share amounted to EUR0.23 (−EUR0.11). Net asset value, EPRA NRV, per share stood at EUR12.9 (EUR11.90). "Our platform enables us to continue growing in the Nordics and Benelux, while also evaluating new markets in Continental Europe," the CEO added.
Cibus, MEUR Q3-2025 Consensus Change vs. Consensus Q3-2024
Rental income 42.0 42 0.0% 30.4
Net operating income 40.2 29.2
Management earnings 21.8 20.8 4.8% 13.2
Property value changes, realized 0.2 0.0
Property value changes, unrealized −2.9 −6.4
Derivative changes, unrealized 3.4 −13.0
Net profit 19.4 −5.6
Earnings per share, EUR 0.23 −0.11
Net asset value, EPRA NRV, per share, EUR 12.9 11.90
Consensus data from Modular Finance