Fastighets AB Balder Interim report January – March 2017

  • Profit from property management before tax attributable to parent company shareholders amounted to SEK 631m (468) corresponding to an increase per ordinary share by 33 % to SEK 3.23 (2.42)
  • Rental income amounted to SEK 1,449m (1,258)
  • Profit after tax attributable to parent company shareholders amounted to SEK 2,006m (707), corresponding to SEK 10.87 per ordinary share (3.81)
  • Net asset value amounted to SEK 209.23 per ordinary share (170.15) and shareholders´equity (including listed associated companies at market value) amounted to SEK 167.20 per ordinary share (136.39)  

Profit from property management for the period amounted to 735m (562). Profit from property management attributable to parent company shareholders increased by 35 % and amounted to SEK 631m (468), which corresponds to an increase per ordinary share by 33 % to SEK 3.23 (2.42). Profit from property management includes SEK 131m (79) in respect of associated companies.

Net profit after tax amounted to SEK 2,212m (775). Net profit after tax for the period attributable to parent company shareholders amounted to 2,006m (707) corresponding to SEK 10.87 per ordinary share (3.81). Profit before tax was affected by changes in value in respect of properties of SEK 1,883m (625), changes in value of interest rate derivatives of SEK 47m (-236) and profit from participations in associated companies of SEK 224m (81).

 
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Director of Economy Magnus Björndahl, +46 735 582 929

Enclosure : Interim report January – March 2017  

  
This information is information that Fastighets AB Balder (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CEST on May 11, 2017.

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 88.4 billion (69.8) as of 31 March 2017. The Balder share is listed on Nasdaq Stockholm, Large Cap.

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Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 37,4 billion as of 31 December 2014. The Balder share is listed on Nasdaq OMX Stockholm, Large Cap.