NASDAQ : Castellum’s Year-end report 2019

Castellum's Year-end report 2019

7% growth in income from property management and a proposed dividend increase
for the 22nd consecutive year of SEK 6.50 per share

· 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 SEK 10.52 (10.81) per share - an increase of 7%.
  · 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 SEK 20.68 (27.28) per share.
  · Long term net asset value amounted to SEK 195 (176) per share - an increase
of 11%.
  · 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 SEK
95.2 billion at the end of the year.
  · Net leasing for the year was MSEK -24 (161).
  · The Board proposes a dividend of SEK 6.50 (6.10) per share, which is an
increase of 7%, distributed in two equal payments of SEK 3.25.

'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 Castellum AB.

'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 January 24, 2020 at 8:00 am CET.

For further information contact:
Henrik Saxborn, CEO, Castellum AB, phone: [phone]
Ulrika Danielsson, CFO, Castellum AB, phone: [phone]

Castellum is one of the largest listed real estate companies in Sweden. Property
values total SEK 95.2 billion and holdings mainly comprise office,
warehousing/logistics and public-sector properties, covering a leasable area of
4.3 million square metres. Castellum operates through a decentralized
organization with a strong and clear local presence in 17 Swedish cities, as
well as Copenhagen and Helsinki. Castellum is the only company from the Nordic
real-estate and construction sector elected to the Dow Jones Sustainability
Index (DJSI), joining a select group of companies who achieve world's-best
ranking on sustainability issues. In 2019, Castellum received several awards for
sustainability efforts, including Global Sector Leader from GRESB. This means
that Castellum ranks first in the world for the offices-and-logistics sector. In
addition, Castellum was awarded Gold-level placement for sustainability
reporting by the EPRA (European Public Real Estate Association). The Castellum
share is listed on Nasdaq Stockholm Large Cap. For further information, visit
www.castellum.com.

Attachments:
Press release 200124.pdf
01236375.pdf