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Dedicated to fund our own development!

Steen & Strøm is the Scandinavian leader in shopping malls, combining property development and asset management skills. The company is a member of the Klépierre group, which has singled out Scandinavia as a priority. This is evidence of great faith in a significant growth potential in the Scandinavian market, which is the most economically robust and dynamic region in Europe.

KEY OBJECTIVE

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A financially sustainable policy

Steen & Strøm's shopping center portfolio is posting an improvement of our financial performance compared to the same period last year, driven by increasing retailer sales in most centers. We are also maintaining a solid financial position, with a strong, net loan to value ratio of 25.8% (26.2% on 31 December 2022), emphasized by our BBB+ rating (S&P).

The key objective of Steen & Strøm's financing policy is to ensure that the Group always has the financial resources needed to fund its development.

STEEN & STRØM DIVERSIFIES ITS SOURCES OF FINANCING USING:

  • Bank lending in various formats (syndicated, bilateral loans, etc.)

  • The bond market

  • Commercial paper to meet short-term financing needs

2022 key figures

+7,5%

Sales growth

+6,3%

Change in Net Rental Income on a like-for-like basis

98%

Collection rate (end of June)

25,8%

Loan-to-Value ratio (LTV)

Agenda

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Contact

Brian Jensen

Brian Jensen

Bjørn Tjaum

Bjørn Tjaum