7% growth in income from property management and a proposed dividend increase for the 22nd consecutive year of
· Income for 2019 amounted to MSEK 5,821 (MSEK 5,577 previous year).
· Income from property management amounted to MSEK 3,146 (2,952), corresponding to
· Changes in values on properties amounted to MSEK 3,918 (5,216) and on derivatives
to MSEK -111 (152).
· Net income for the year after tax amounted to MSEK 5,650 (7,453), corresponding to
· Long term net asset value amounted to
· Net investments amounted to MSEK 1,974 (2,657), of which MSEK 3,350 (2,455) were acquisitions, MSEK 2,762 (2,837) new construction, expansions and reconstructions, and MSEK 4,138 (2,635) sales. Property values amounted to
· Net leasing for the year was MSEK -24 (161).
· The Board proposes a dividend of
"I'm incredibly proud to conclude both the year, and the decade, by stating that we're raising our dividend for the 22nd year in a row, and we've increased income from property-management by 7%. Over the last ten years, Castellum has undergone tremendous change in geography, segment consolidation and operational areas. This year we have also entered a completely new activity sector - coworking - through the acquisition of United Spaces. This initiative means that our operations will feature a rather expanded portion of interior-content service," says Henrik Saxborn, CEO of
"It should be noted that we operate in strong markets with stable leasing growth. Of course, we'll utilize our position and strength to create further growth and strive to achieve our challenging target of 10% growth in income from property management," Henrik Saxborn concludes.
Attachment: Year-end report 2019
This information is information that Castellum is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, on
For further information contact:
Henrik Saxborn, CEO,
Castellum is one of the largest listed real estate companies in
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