Profitability target
The total return shall be at least 5.5 per cent over an economic cycle.
Financial info
Financing
Akademiska Hus has been a borrower on the public funding market since 1996 when a domestic MTN (Medium Term Note) programme and a CP (commercial paper) programme were established. As the balance sheet has grown, additional loan facilities have been established, in 1997 an ECP (Euro Commercial Paper) programme and in 1998 an EMTN (Euro Medium Term Note) programme.
Akademiska Hus’ financial targets and dividend policy
We are fully owned by the swedish state. Our owner has set financial targets and a dividend policy for Akademiska Hus. The targets are based on capital structure and profitability and are intended to be long-term and evaluated over a business cycle.
Capital structure target
The loan-to-value ratio shall be between 35 and 45 per cent.
Dividend policy
The ordinary dividend shall be between 40 and 70 per cent of the profit for the year after tax and after reversal of changes in value and deferred tax related thereto. In individual years, the dividend payout ratio may range up to 100 per cent in order to meet the capital structure target. Dividend decisions shall take into account the implementation of the Issuer’s strategy and financial position.
Rating
Standard & Poor's
Akademiska Hus has a credit rating from S&P Global ratings since 1996. Below you find the latest rating reports.
Since 1996:
- Long term: AA
- Short term: A-1+/K1
- Outlook: Stable outlook
For more information