Our growth journey continued during the fourth quarter. SLP can report another strong quarter driven by continued acquisitions, new construction projects, and new and extended rental agreements with satisfied tenants.
- Rental income increased by 42%, amounting to
SEK 585 m (411).
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Net operating income increased by 49%, amounting to
SEK 487 m (327).
-
Profit from property management increased by 36% and amounted to
SEK 303 m (222).
-
Earnings per share after dilution amounted to
SEK 1.55 (2.39).
-
Net asset value (NAV) per share after dilution increased by 15% in the period and amounted to
SEK 25.26 .
-
Value changes for investment properties totalled
SEK 236 m. This was despite an increase in the average direct return requirement in the external valuation of 30 b.p.
-
Sustainable financing amounted to
SEK 2,598 m (1,700) at the end of the period, corresponding to 53% (41) of the loan portfolio.
- The output from installed solar panel systems totalled 14.2 MW (4.4) at the end of the period.
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Twelve properties were acquired where SLP has now taken ownership, with a total lettable area of 223,000 square metres and a property value of
SEK 1,504 m (1,288).
- Acquisition of a new construction project in Katrineholm with an area of 11,000 square metres along with a 15-year rental agreement. Since ownership is conditional on obtaining a building permit and approval of the land acquisition from the municipality, it is not shown in the Year-end Report.
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The former CFO Tommy Åstrand was appointed new CEO of SLP and started in his new role after the AGM on
26 April 2023 . Former CEOPeter Strand was appointed Head of Transactions and Deputy Chairman.Matilda Olsson , the former Finance Director, was simultaneously appointed CFO. -
In May and November, the company carried out directed new share issues of Class B shares for a total of
SEK 1,100 m. The two share issues increased the number of shares in SLP by 42 million. -
Warrants of series TO1-4 have been fully exercised which contributed
SEK 12.2 m to SLP. The exercise of the warrants increased the number of shares in SLP by 1.95 million.
"We carried out a directed new share issue during the fourth quarter totalling
This disclosure contains information that
The Year-end report will be presented via a recorded audiocast today at
https://slproperty.se/ir/rapporter-och-presentationer/ and
https://ir.financialhearings.com/slp-q4-report-2023
For further information, please contact:
Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
About SLP -
This disclosure contains information that
https://news.cision.com/swedish-logistic-property/r/interim-report-january---december-2023--continued-sustainable-and-profitable-expansion-and-a-strong-,c3928795
https://mb.cision.com/Main/20026/3928795/2605486.pdf
https://mb.cision.com/Public/20026/3928795/822d8442d84cd678.pdf
https://news.cision.com/swedish-logistic-property/i/slp-bild-5,c3267567
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