Interim Report Jan–Mar 2024

Increased rental income and improved net operating income wre met by higher interest costs. Continued increased yield requirement led to unrealised changes in value amounting to SEK -1,381m. Net lettings were negative, SEK -36m but new leases continue to be signed at good levels and a a large proportions of leases thar are renegotiated are extended on existing terms.

• Rental income increased to SEK 867m (829). In an identical property portfolio, income increased with 10 per cent compared with the previous year.
• Net operating income increased to SEK 619m (598). In an identical property portfolio, net operating income increased by 9 per cent.
• The surplus ratio was 71 per cent (72).
• Contract sales residential amounted to SEK 141m (187) and gross profit amounted to SEK 1m
• Net interest amounted to SEK -240m (-211).
• Profit from property management amounted to SEK 329m (351).
• Realised and unrealised changes in the value of properties amounted to SEK -1,378m (-2 110).
• Profit after tax for the period amounted to SEK -699m (-1,584), corresponding to earnings per share of SEK -2.22 (-5.04).
• Net lettings for the period amounted to SEK -36m (-12).
• The equity ratio amounted to 47 per cent (47) and loan-to-value amounted to 43 per cent (42).

“A stable result as a whole.  We increased rental income and improved net operating income despite a wait-and see and somewhat cautious market,” says Stefan Dahlbo, CEO.

“It´s also positive that the letting rate in the projects increased to 86 per cent. In the next 16 months, the majority of our projects will be completed, which at the beginning of 2026 will add approximately SEK 380m in rental income,” concludes Stefan Dahlbo, CEO.

Fabege AB (publ)

Presentation of the report

Stefan Dahlbo, CEO, and Åsa Bergström, CFO, will present the report today at 09:00 CET in Swedish. Follow the presentation via link: https://financialhearings.com/event/48481.

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.financialhearings.com/teleconference/?id=5009325

A presentation in English will be held at 10:30 CET. You can follow this via https://financialhearings.com/event/48484

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.financialhearings.com/teleconference/?id=5006876

This information is information that Fabege AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation(596/2014). The information was submitted for publication, through the agency of the contact person set out above,
at 25 April 2024, 07:30 CET.

For further information, please contact:
Stefan Dahlbo, President and CEO, tel. +46 (0)70-353 18 88, stefan.dahlbo@fabege.se
Åsa Bergström, Vice President and CFO, +46 (0) 8 555 148 29, asa.bergstrom@fabege.se

With a focus on commercial properties, Fabege develops attractive locations in the Stockholm area. We are a present partner that puts people front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at www.fabege.com.