Interim Report January–March 2012

• Profit from property management increased to SEK 125m (113), and rental income increased to SEK 453m (446). In an identical portfolio, revenues increased 4 per cent. The year-on-year change was due to growth through positive net lettings and completed projects.
• Unrealised changes in value amounted to SEK 406m (291) on properties and SEK 220m (109) on interest-rate derivatives.
• After-tax profit for the period amounted to SEK 561m (378), corresponding to earnings per share of SEK 3.46 (2.32).
• Net lettings amounted to SEK 88m (13).

“We have now noted growth in income, profit from property management and property values. Positive net lettings in the past year are now contributing to this beneficial development, as project properties are being completed and tenants are assuming occupancy,” says Christian Hermelin, Fabege’s CEO.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80

This constitutes information that Fabege AB (publ) may be legally obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 08:00 am CET on 26 April  2012.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The carrying amount of the company’s property portfolio is approximately SEK 30.0bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.1bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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