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Sagax AB (SAGAa.ST)

SAGAa.ST on Stockholm Stock Exchange

106.70SEK
17 Aug 2017
Change (% chg)

-0.20kr (-0.19%)
Prev Close
106.90kr
Open
105.10kr
Day's High
106.70kr
Day's Low
104.30kr
Volume
1,147
Avg. Vol
1,551
52-wk High
122.50kr
52-wk Low
79.60kr

Latest Key Developments (Source: Significant Developments)

Sagax upgrades financial targets and policy‍​
Wednesday, 16 Aug 2017 08:30am EDT 

Aug 16 (Reuters) - SAGAX AB :UPGRADES FINANCIAL TARGETS AND POLICY‍​.PREVIOUS FINANCIAL TARGETS FOR LOAN-TO -VALUE RATIO, INTEREST COVERAGE RATIO AND NET DEBT / EBITDA WILL INSTEAD BE INCLUDED IN THE COMPANY'S FINANCE POLICY.LOAN-TO-VALUE RATIO AT MAXIMUM 50%, CHANGED FROM PREVIOUSLY STATED 65%.2017 FINANCE POLICY IN CURRENT MARKET SITUATION: INTEREST COVERAGE RATIO EXCEEDING 300% (PREVIOUSLY OVER THE LONG TERM EXCEEDING 200%).2017 FINANCE POLICY IN CURRENT MARKET SITUATION: NET DEBT IN RELATION TO THE GROUP'S FORWARD-LOOKING EBITDA MAX OF UP TO 8 TIMES.  Full Article

Sagax agrees to acquire 18 properties in Finland
Wednesday, 19 Jul 2017 03:00am EDT 

July 19 (Reuters) - SAGAX AB ::HAS AGREED TO ACQUIRE 18 PROPERTIES IN FINLAND.TOTAL PURCHASE COST AT SEK 310 MILLION.SELLER IS JYKES KIINTEISTÖT OY.  Full Article

Sagax Q2 profit from property management rises to SEK 349 mln
Friday, 14 Jul 2017 07:00am EDT 

July 14 (Reuters) - SAGAX AB :Q2 PROFIT FROM PROPERTY MANAGEMENT SEK 349 MILLION VERSUS SEK 279 MILLION YEAR AGO.Q2 RENTAL INCOME SEK 460 MILLION VERSUS SEK 377 MILLION YEAR AGO.ADJUSTED OUTLOOK FOR 2017.SEES 2017 PROFIT FROM PROPERTY MANAGEMENT AT SEK 1.32 BILLION (PREVIOUSLY SAW SEK 1.29 BILLION).  Full Article

Sagax buys properties in Finland for SEK 219 million
Wednesday, 31 May 2017 05:21am EDT 

May 31 (Reuters) - SAGAX AB :SAGAX ACQUIRES PROPERTIES IN FINLAND FOR SEK 219 MILLION.THE ANNUAL RENTAL VALUE AMOUNTING TO SEK 28 MILLION.  Full Article

Finansinspektionen - M2 Capital Management raises stake in Sagax to 6.28 pct
Tuesday, 9 May 2017 09:06am EDT 

May 9 (Reuters) - SAGAX AB :FINANSINSPEKTIONEN - M2 CAPITAL MANAGEMENT AB INCREASES STAKE IN AB SAGAX TO 6.28 PERCENT SHARES AND 11.25 PERCENT DIRECTLY HELD VOTING RIGHTS.  Full Article

Sagax signs deal to buy properties in Netherlands for SEK 400 million
Monday, 8 May 2017 01:42am EDT 

May 8 (Reuters) - SAGAX AB :SIGNS DEAL TO BUY SIX PROPERTIES IN NETHERLANDS FOR SEK 400 MILLION.  Full Article

Sagax buys properties in Stockholm and Helsinki for SEK 211 million
Thursday, 4 May 2017 06:40am EDT 

May 4 (Reuters) - SAGAX AB ::SAGAX ACQUIRES IN STOCKHOLM AND HELSINKI FOR SEK 211 MILLION.ACQUISITION TAKES PLACE IN COMPANY FORM.ACQUISITION OF PROPERTIES TAKES PLACE IN COMPANY FORM.  Full Article

Sagax Q1 rental income up to SEK 444 million
Thursday, 4 May 2017 05:00am EDT 

May 4 (Reuters) - SAGAX AB ::Q1 RENTAL INCOME SEK 444 MILLION VERSUS SEK 353 MILLION YEAR AGO.Q1 PROFIT FROM PROPERTY MANAGEMENT SEK 302 MILLION VERSUS SEK 237 MILLION YEAR AGO.ADJUSTED OUTLOOK FOR 2017.SEES 2017 PROFIT FROM PROPERTY MANAGEMENT AT SEK 1.29 BILLION (PREVIOUSLY SEK 1.27 BILLION).  Full Article

Sagax joint venture Söderport sells property for SEK 979 mln
Thursday, 2 Mar 2017 01:00am EST 

Sagax AB : Söderport, joint venture between Sagax and Hemfosa Fastigheter AB , divests property in Göteborg for 979 million Swedish crowns . Sale price corresponds to book value .Sale is expected to be effective as of H1 2017.  Full Article

Sagax acquires two properties in Helsinki for SEK 129 mln
Tuesday, 28 Feb 2017 07:02am EST 

Sagax AB : Acquires two properties in Helsinki for 129 million Swedish crowns ($14.30 million) . Has also acquired a leasehold in Helsinki, located in direct connection to one of sagax existing properties .Rental value of properties is equivalent to 12.4 million crowns.  Full Article

BRIEF-Sagax upgrades financial targets and policy‍​

* PREVIOUS FINANCIAL TARGETS FOR LOAN-TO -VALUE RATIO, INTEREST COVERAGE RATIO AND NET DEBT / EBITDA WILL INSTEAD BE INCLUDED IN THE COMPANY'S FINANCE POLICY