Fastighets AB Balder Interim report January-June 2020

  • Profit from property management attributable to parent company shareholders amounted to SEK 1,993m (1,911), corresponding to an increase per share by 4 % to SEK 11.07 (10.61)
  • Long term net asset value amounted to SEK 354.98 per share (297.32)
  • Rental income amounted to SEK 4,049m (3,663)
  • Profit after tax attributable to parent company shareholders amounted to SEK 1,874m (2,621) corresponding to SEK 10.41 per share (14.56)
     

Profit from property management for the period amounted to SEK 2,347m (2,159). Profit from property management attributable to parent company shareholders increased by 4 % and amounted to SEK 1,993m (1,911), corresponding to SEK 11.07 per share (10.61). Profit from property management includes SEK 287m (401) in respect of associated companies.

Net profit after tax for the period amounted to SEK 2,195m (2,966). Net profit after tax for the period attributable to parent company shareholders amounted to SEK 1,874m (2,621), corresponding to SEK 10.41 per share (14.56). Profit before tax was affected by changes in value in respect of investment properties of SEK 587m (1,603), changes in value of development properties of SEK 59m (-), changes in value of interest rate derivatives of SEK -221m (-287) and profit from participations in associated companies of SEK 257m (462).

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Acting CFO Jesper Mårtensson, tel. +46 709 666 555

This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on July 16, 2020.


Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 149.3 billion (129.2) as of 30 June 2020. The Balder share is listed on Nasdaq Stockholm, Large Cap.

Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
balder.se

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Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 37,4 billion as of 31 December 2014. The Balder share is listed on Nasdaq OMX Stockholm, Large Cap.