Fastighets AB Balder Interim report January-September 2018
- Profit from property management attributable to parent company shareholders amounted to SEK 2,428m (2,056), corresponding to an increase per share by 27 % to SEK 13.49 (10.59)
- Rental income amounted to SEK 4,926m (4,357)
- Profit after tax attributable to parent company shareholders amounted to SEK 7,269m (4,971) corresponding to SEK 40.38 per share (26.78)
- Long term net asset value amounted to SEK 269.66 per share (219.50) and shareholders' equity (including listed associated companies at market value) amounted to SEK 218.62 per share (177.55)
Profit from property management for the period amounted to SEK 2,862m (2,401). Profit from property management attributable to parent company shareholders increased by 18 % and amounted to SEK 2,428m (2,056), which corresponds to an increase per share by 27 % to SEK 13.49 (10.59). Profit from property management includes SEK 485m (425) in respect of associated companies.
Net profit after tax for the period amounted to SEK 7,955m (5,430). Net profit after tax for the period attributable to parent company shareholders amounted to SEK 7,269m (4,971), corresponding to
SEK 40.38 per share (26.78). Profit before tax was affected by changes in value in respect of properties of SEK 6,351m (3,582), changes in value of interest rate derivatives of SEK 24m (160) and profit from participations in associated companies of SEK 590m (741).
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 582 929
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 November 6, 2018.
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 114.5 billion (92.9) as of 30 September 2018. 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