Interim Report January - September 2020: Relevant, long-term partner
28 October 2020, 8.00 a.m.
- Rental income increased by 6 percent to SEK 937.5 million (885.1).
- Net operating surplus increased by 10 percent to SEK 753.1 million (681.9).
- Profit from property management rose by 13 percent to SEK 542.5 million (478.0).
- Profit for the period decreased to SEK 805.1 million (851.8), corresponding to earnings per share of SEK 21.36 (22.59), including changes in value of SEK 475.4 million (583.5).
- Net asset value per share, EPRA NAV, increased to SEK 223.34 (194.07).
Catena continues to deliver, generating strong cash flows with profit from property management increasing by 13 percent. The ambition to continue growing remains unchanged.
“The level of activity is high and the conditions for continued growth are favourable. Project development has been intensive in recent years and Catena has, within a short space of time, established several new, attractive logistics positions”, says Catena’s CEO Benny Thögersen.
“Our knowledge on logistics and e-commerce adds significant value for our tenants. The desire to resolve our customers’ needs and our long-term ownership of properties mean that we often become part of the overall logistics solution and a partner in terms of more than just the actual property”, says Catena’s CEO Benny Thögersen.
At 10.00 a.m. on October 28, the webcast will commence for the interim report for January-September 2020.
Follow the webcast via this link: https://tv.streamfabriken.com/catena-fastigheter-q3-2020
Dial-in: UK: +443333009261, US: +18332498403, Sweden: +46850558375
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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. The properties had a total value of SEK 17,779.2 million as of 30 September 2020. Catena’s shares are traded on NASDAQ Stockholm, Mid Cap.
This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.