Finance
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
A financially sustainable policy
Steen & Strøm’s shopping center portfolio demonstrated continued resilience towards macroeconomic events during 2024, posting a 3.2% growth in Net rental income on a like-for-like basis. Steen & Strøm has continued to strengthen the financial position during 2024, incl. a loan-to-value ratio of 21.8% end of the year, confirmed by an A- rating from 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:
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Bank lending in various formats (syndicated, bilateral loans, etc.)
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The bond market
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Commercial paper to meet short-term financing needs
2024 key figures
0,8%
Sales growth
3,2%
Change in Net Rental Income on a like-for-like basis
99%
Collection rate
21,8%
Loan-to-Value ratio (LTV)
Agenda
Annual Report
Announcements
Contact
Brian Jensen
CFO
Bjørn Tjaum
CIO