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Regulatory press release

Akelius Residential Property AB: Akelius revises the financial policy

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Akelius revised financial policy limits the maximum loan-to-value to 45 percent.
The previous limit was 40 percent.
The minimum interest coverage ratio is still set to 2.0.

Cash sources shall cover the capital needs of the upcoming year and with high probability the needs of two years.

Akelius remains committed to an issuer credit rating of minimum BBB.

CFO Leiv Synnes:

- Akelius' new direction leads to higher cash flow from the properties.
  The new direction includes fewer investments and reduced vacancy due to upgrading.

  Improved cash flow, long-term debt, and a strong liquidity position enable somewhat higher leverage.
 

Stockholm, 2021-02-08
Leiv Synnes
CFO
+46 70 558 55 23
leiv.synnes@akelius.se (leiv.synnes@akelius.se%0d)

 

This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above, at 07:20 am CET on 8 February 2021.

Akelius Residential Property AB's D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company, ca@avanza.se,+46-8-409 421 20.

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