-
Net revenue from property management was
SEK 503 million (449), an increase of 12 per cent. Including intra-Group rent revenue, net revenue from property management wasSEK 551 million (499).
-
Gross profit from property management increased by 15 per cent, totalling
SEK 331 million (288). Including intra-Group rent revenue, gross profit from property management wasSEK 379 million (338).
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Net result for the period was
SEK -499 million (380), equivalent toSEK -2.47 per share (1.88). The decrease can be attributed to negative unrealised changes in the value of the property holdings.
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The fair value of the property holdings was
SEK 48.9 billion (49.5 at year-end), resulting in a net reinstatement value (EPRA NRV) ofSEK 195 per share (201 at year-end) after dividend payment ofSEK 2.70 per share. Unrealised changes in the value of the property holdings amounted toSEK -906 million (227) for the period.
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The equity ratio was 60 per
cent (60) , the net loan-to-value ratio was 20 percent (19) , and the interest coverage ratio multiple was 6.2 (7.6).
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The rental vacancy rate at the end of the period was 8.5 per
cent (9.7) . Excluding current development projects, the rental vacancy rate was 5.4 percent (6.7) .
Comments from
"We started the year with a strong gross profit from property management, which increased by 15 per cent. This is positive since we have several major development projects ongoing at the same time as we are experiencing a period of rising interest rates and global uncertainty. In the current market situation,
"We have noted continuing interest in our office premises in the best city locations in
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Appendix: Interim Report January -
The information in this Interim Report is information that
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