In the first quarter of the year, our strong operational and financial progress continued as a result of annual rent increases, development projects, positive effects from completed acquisitions, and new and extended rental contracts with satisfied tenants.
- Rental income increased by 24%, amounting to
SEK 166 m (134). -
Net operating income increased by 27%, amounting to
SEK 137 m (108). -
Profit from property management increased by 29% and amounted to
SEK 89 m (69). -
Earnings per share after dilution amounted to
SEK 0.70 (0.22). -
Net asset value (NAV) per share after dilution increased by 3% in the period and amounted to
SEK 25.95 . -
Value changes for investment properties totalled
SEK 73 m (6). -
Sustainable financing amounted to
SEK 3,210 m (1,910) at the end of the period, corresponding to 65% (43) of the loan portfolio. - The output from installed solar cell systems totalled 15.3 MWp (5.1) at the end of the period.
- Decision to revise the financial risk limitation for the loan-to-value ratio from 60% to 55% and for the equity/assets ratio from 35% to 40%.
-
One property was acquired where SLP has now taken ownership, with a lettable area of approximately 7,000 square metres and a property value of
SEK 99 m (548). -
SLP took ownership of one new construction project, with a lettable area of approximately 11,000 square metres and a property value of
SEK 208 m. - SLP signed a 5-year rental agreement for an area of 4,800 square metres with a new tenant in Malmö. To enable the property to be let, SLP is relocating its office to another development property that it owns.
-
Net rental income amounted to
SEK 20 m (8.4).
"In the quarter, we completed our first acquisition in
This disclosure contains information that
The interim report will be presented via a recorded audiocast today at
https://slproperty.se/en/ir/reports-and-presentations/
https://ir.financialhearings.com/slp-q1-report-2024-2
For further information, please contact:
Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
About SLP -
This disclosure contains information that
https://news.cision.com/swedish-logistic-property/r/interim-report-january---march-2024--strong-net-rental-income-and-continued-expansion-with-the-acqui,c3965695
https://mb.cision.com/Main/20026/3965695/2752537.pdf
https://mb.cision.com/Public/20026/3965695/b6b1fb220c37f73f.pdf
https://news.cision.com/swedish-logistic-property/i/slp-bild-5,c3292206
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