Stendörren Fastigheter Shifts Goals to Focus on 15% Income Growth

Dagens Industri reports that Stendörren Fastigheter AB (publ) has revised its financial targets, shifting its focus from long-term net asset value growth to prioritizing operational performance and cash flow. The company has established a new primary objective: to achieve a long-term annual increase in income from property management per share of at least 15 percent. Stendörren states that this revised target offers a more business-oriented and transparent measure of its capacity for sustainable value creation, as the previous goal was significantly impacted by external factors influencing property valuations. While this key target has been updated, Stendörren's other financial objectives remain in place. These include maintaining a long-term return on equity of at least 12 percent, an interest coverage ratio of at least 2.0 times, and a long-term equity ratio of 35 percent.