Interim report January – March 2021: A property portfolio for the future

The strong trend continues. In the first quarter of the year, Catena showed increasing profit from property management and a continued  stable cash flow trend.

29 March 2021, 3.00 a.m.

• Rental income increased by 5 percent to SEK 329.4 million (315.1).
• The net operating surplus increased by 4 percent to SEK 258.7 million (249.1).
• Profit from property management rose by 6 percent to SEK 187.8 million (177.4).
• Profit for the period increased to SEK 756.4 million (143.8), corresponding to earnings per share of SEK 19.95 (3.81), including changes in value of SEK 765.1 million (5.4).
• The long-term net asset value EPRA NRV per share rose to SEK 276.29 (208.16).

Catena's CEO Jörgen Eriksson comments on the interim report:

"As our society changes, and with it our lifestyles and patterns of consumption, a well-considered and well-functioning logistics network is essential, able to handle products and goods intelligently and ready to be adapted as needs change. We are experiencing strong demand for sustainable and efficient logistics facilities, while also percieving the value in providing truly well-considered solutions to safeguard our capacity to take responsibility over time."

"Adhering to our business model and niche focus has proven to be a sucess factor, enabling us to develop our offering based on knowledge."

At 10.00 a.m. on 30 April, the webcast will commence for the interim report January – March 2021.

Follow the webcast via link: https://tv.streamfabriken.com/catena-fastigheter-q1-2021
Dial-in: Sweden: +46851999383 UK: +443333009264 US: +18332498407
 

For further information, please contact
Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, jorgen.eriksson@catenafastigheter.se
Sofie Bennsten Deputy CEO and CFO, Tel. + 46 730-70 22 41 sofie.bennsten@catenafastigheter.se
Follow us: catenafastigheter.se / LinkedIn / Twitter

Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. As of 31 March 2021, the properties had a total value of SEK 20,602.0 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.

This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contact persons for publication at the aforementioned time.

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