· Rental income increased by 6 percent to
· Net operating surplus increased by 10 percent to
· Profit from property management rose by 13 percent to
· Profit for the period decreased to
· Net asset value per share, EPRA NAV, increased to
Catena continues to deliver, generating strong cash flows with profit from property management increasing by 13 percent. The ambition to continue growing remains unchanged.
"The level of activity is high and the conditions for continued growth are favourable. Project development has been intensive in recent years and Catena has, within a short space of time, established several new, attractive logistics positions", says Catena's CEO
"Our knowledge on logistics and e-commerce adds significant value for our tenants. The desire to resolve our customers' needs and our long-term ownership of properties mean that we often become part of the overall logistics solution and a partner in terms of more than just the actual property", says Catena's CEO
At
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Dial-in: UK: +443333009261, US: +18332498403, Sweden: +46850558375
For further information, please contact
Benny Thögersen, CEO
Tel. +46 706-60 83 50
benny.thogersen@catenafastigheter.se
Sofie Bennsten, Deputy CEO and CFO
Tel. +46 730-70 22 41
sofie.bennsten@catenafastigheter.se
Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. The properties had a total value of
This information is such that
https://news.cision.com/catena/r/interim-report-january---september-2020--relevant--long-term-partner,c3226580
https://mb.cision.com/Main/191/3226580/1326844.pdf
https://mb.cision.com/Public/191/3226580/9236fbb8c0d58370.pdf
https://news.cision.com/catena/i/catena-q3,c2843923
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