Increased rental income, improved net operating income and a lower vacancy rate. Net lettings of
- Rental income increased to
SEK 829m (762). In an identical property portfolio, income increased with 8 per cent compared with the previous year.
-
Net operating income increased to
SEK 598m (554). In an identical property portfolio, net operating income increased by 8 per cent. -
The surplus ratio was 72 per
cent (73) . -
Contract sales residential amounted to
SEK 187m and gross profit amounted toSEK 22m - Net interest amounted to -211 (-127).
-
Profit from property management amounted to
SEK 351m (381). -
Realised and unrealised changes in the value of properties amounted to
SEK -2,110m (2,159). -
Profit after tax for the period amounted to
SEK -1,584m (2,784), corresponding to earnings per share ofSEK -5.04 (8.69). -
Net lettings for the period amounted to
SEK -12m (8). -
Loan-to-value amounted to 40 per
cent (38) .
"We note that there is a high level of activity in the rental market in
"During the start of the year, rental income and net operating income have increased, while rising interest rates have led to higher financing costs and rising yield requirements in the valuations. Our portfolio of modern properties in attractive locations and good access to capital gives us stability and the ability to take on the challenges and seize the opportunities that the market offers," concludes
Presentation of the report
Pin code: 9234836#
A presentation in English will be held at
Swe +46 8 50 51 63 86 UK: +44 20 319 848 84 US: +1 412 317 6300
Pin code: 805935#
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
With a focus on mainly commercial properties,
https://news.cision.com/fabege/r/interim-report-jan-mar-2023,c3757794
https://mb.cision.com/Main/1568/3757794/2010379.pdf
https://mb.cision.com/Public/1568/3757794/aab66b306eae7893.pdf
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