There was heightened activity on the rental market in the third quarter, and net lettings were very strong. The period saw an increase in rental income and improved net operating income compared with the previous year. Value growth in the property portfolio was healthy, while projects are progressing according to plan.
- Rental income increased to
SEK 2,143m (2,103). In an identical property portfolio, income rose by 1 per cent year on year. -
Net operating income increased to
SEK 1,616m (1,584). In an identical portfolio, net operating income rose by 1 percent (7) . -
The surplus ratio was 75 per
cent (75) . -
Profit from property management grew to
SEK 1,119m (1,104). -
Realised and unrealised changes in the value of properties amounted to
SEK 2,475m (1,941). -
Net lettings totalled
SEK 130m (4). Net lettings for the third quarter amounted toSEK 74m (-16). -
Profit after tax for the period increased to
SEK 3,142m (2,133), corresponding to earnings per share ofSEK 9.72 (6.50).
- "It has been a strong quarter on several fronts, a very strong net letting ofSEK 130 , of which 74 during the third quarter, increased net operating income and continued positive revaluations in the property portfolio. We completed one of the largest office lettings of the year inSweden , withAlfa Laval's decision to move its operations to Flemingsberg, and in early October we completed a strategic acquisition ofSHH Bostad , consolidating our position as an urban developer inGreater Stockholm .
- "We are forging ahead with a strong balance sheet, generating opportunities to create additional shareholder value. With our stable customer base, modern property portfolio in prime locations and a strong market behind us, we are confident about the fourth quarter 2021 and the next few years," saidStefan Dahlbo ,Fabege's CEO.
Presentation of the report
A presentation in English will be held at
Swe: +46 8 505 583 69
For further information, please contact:
Åsa Bergström, Vice President and CFO, tel. +46 (0)8-555 148 29, asa.bergstrom@fabege.se
This information is of the type that
With a focus on commercial properties,
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