The second quarter showed good activity in the rental market, positive net lettings and value increases in the property portfolio. The projects are proceeding according to plan and two were completed during the period.
-
Rental income increased to
SEK 1,480m (1,422. In an identical property portfolio, income increased with about 4 per cent compared with the previous year.
-
Net operating income increased to
SEK 1,081m (1,047). In an identical property portfolio, net operating income increased by 3 per cent. -
The surplus ratio was 73 per
cent (74) . -
Contract sales residential amounted to
SEK 28m and gross profit amounted toSEK 5m -
Profit from property management increased to
SEK 729m (715). -
Realised and unrealised changes in the value of properties amounted to
SEK 3,253m (1,595). -
Net lettings for the period amounted to
SEK 44m (56). -
Profit after tax for the period amounted to
SEK 4,377m (2,046), corresponding to earnings per share ofSEK 13.71 (6.32). -
Loan-to-value amounted to 36 per
cent (36) .
- The first half of the year has been marked by turbulence and unrest in the world around us. Despite this, we see a continued strong rental market, good net lettings and no slowdown in the number of enquiries and viewings of our premises. Overall, the first half of the year has been very good for the business.
- Our strong balance sheet and the structure of our borrowings mean that we are well placed to continue developing our projects and to take advantage of opportunities that may arise in turbulent times, says
Presentation of the report
Pin: 71322333#
A presentation in English will be held at
Swe +46 8 505 583 68 UK: +44 3 333 009 032 US: +1 63 191 314 22 Pin: 86616620#
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 information that
at
|
For further information, please contact:
Åsa Bergström, Vice President and CFO, +46 (0) 8 555 148 29, asa.bergstrom@fabege.se
With a focus on mainly commercial properties,
https://news.cision.com/fabege/r/interim-report-jan-jun-2022,c3597453
https://mb.cision.com/Main/1568/3597453/1602345.pdf
https://mb.cision.com/Public/1568/3597453/b2b8dc60513147ad.pdf
(c) 2022 Cision. All rights reserved., source