• news.cision.com/
  • Castellum/
  • Castellum’s Interim Report January-March 2015: 5% growth in income from property management

Castellum’s Interim Report January-March 2015: 5% growth in income from property management

Report this content

  • Rental income for the period January-March amounted to SEKm 801 (SEKm 820 corresponding period previous year).
  • Income from property management amounted to SEKm 338 (323), corresponding to SEK 2.06 (1.97) per share, an increase with 5%.
  • The changes in value on properties amounted to SEKm 329 (52) and on derivatives to SEKm -102 (-170).
  • Net income after tax for the period amounted to SEKm 451 (171), corresponding to SEK 2.75 (1.04) per share.
  • The net investments amounted to SEKm 1,039 (864) of which SEKm 295 (324) were new constructions, extensions and reconstructions, SEKm 822 (636) acquisitions and SEKm 78 (96) sales.
  • After the reporting period, Castellum has completed a deal comprising acquisition of properties for SEKm 406 and 50% of the shares in Henry Ståhl Fastigheter AB.

Gross leasing (i.e. the annual value of total leasing) during the period was SEKm 85 (81), of which SEKm 9 (5) were leasing of new constructions, extensions and reconstructions. Notices of termination amounted to SEKm 64 (55), of which bankruptcies were SEKm 2 (3) and SEKm 1 (1) were notices of termination with more than 18 months remaining length of contract. Hence net leasing for the year was SEKm 21 (26).

“It is gratifying to note that Castellum continued to deliver growth of 5% for the first quarter of 2015, despite last year’s restructuring of the portfolio,” says CEO Henrik Saxborn in a statement. “The acquisition made in mid-April means that we have entered the scene in downtown Norrköping. In addition, we’ve strengthened our city-centre position in both Linköping and Örebro. This means that we have significantly improved our chances for long-term growth,” Saxborn adds.

Enclosure: Interim Report January-March 2015

Castellum AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

For further information, please contact
Henrik Saxborn, CEO, phone +46 31-60 74 50
Ulrika Danielsson, CFO, mobile +46 706-47 12 61

www.castellum.se

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 39 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of approx 3.4 million sq.m. The real estate portfolio is owned and managed by six wholly owned subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and Eastern Götaland.

Castellum AB (publ), Box 2269, SE-403 14 Göteborg | Org nr/Corp Id no SE 556475-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17

Castellum is listed on NASDAQ Stockholm Large Cap.