(Finansavisen.no): – As a result of in property sales, with a significant gain was Victoria Property in excess velkapitalisert and liquid through 2018, which, as in previous years with large gains, made it natural to pay out an extraordinary dividend, ” says Christian Ringnes.
the Board of directors of the Victoria real Estate proposes an ordinary dividend for the 2018 nok 7,50 pr. share and an extraordinary dividend of nok 20 pr. share.
This means that the total will be paid 369 million to shareholders in the Victoria Property, of which 168 million to Christian Ringnes’ sphere, writes Finansavisen.
Victoria real Estate profit before tax was 1.380 million last year, compared to 792 million in 2017. The increase is mainly due to the gain on the sale of the properties Karl Johans gate 16 B and Kongens gate 31, with an accounting profit of 733 million.
Adjusted shareholders ‘ equity in the Victoria Property were closer to 10 billion by the end of the year, an increase of 13 per cent in the course of 2018. The average belåningsgrad on the properties was only 22 percent.
“We think the year profit was satisfactory for both Eiendomsspar and Victoria Eiendom and in light of the fact that we have adjusted the yield in the last year and the growth in value-adjusted equity, however, is more than 10 per cent in both companies,” says Ringnes to Mallorca.
– to sit in property is not such a bad idea, but you must expect lower returns going forward. In a lavrenteverden is the property a fairly sensible asset class, with long leases and good cash flow, compared with a more risky stock market and a rentemarked that is supermagert. Or as one can say: “In the blindes the world is the enøyde king”.
Eiendomsspar has bought back own shares for the total well 1.5 billion in the years and in the last year, including the purchase of the shares for nok 1.2 billion from the CGS Holding and Helene Sundt AS, at the rate of 400 per. share.
Also Victoria Property bought back shares for more than nok 300 million in the last year.
– It tells us that we have good faith in Eiendomsspar and Victoria Eiendom, and that it is cheaper to buy shares in these companies than to buy properties in the market. Additionally, we know what we are getting, ” says Ringnes according to the newspaper.
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