Diös: Taking the necessary actions - ABG
Solid Q3 and limited estimate revisions
Divestments and long-term swaps to protect the ICR...
...which we expect to be close to covenants (1.8x) in 2024e
Continued solid operational performance
Diös delivered Q3 figures without any major surprises, NOI was +2% vs ABGSCe on lower opex, net letting was SEK 0 and occupancy remained flat q-o-q. Management outlines low rental values in the property portfolio and expect tenants to accept the ~6% rental indexation going into 2024.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/dios/Equity-research/2023/10/dios---taking-the-necessary-actions/