Interim report January-June 2022

• Profit from property management attributable to parent company shareholders amounted to SEK 2,883m (2,249), corresponding to an increase per share by 28 % to SEK 2.58 (2.01)

• Long term net asset value amounted to SEK 91.97 per share (69.69)

• Rental income amounted to SEK 5,057m (4,249)

• Profit after tax attributable to parent company shareholders amounted to SEK 8,717m (4,877) corresponding to SEK 7.79 per share (4.36)

Profit from property management for the period amounted to SEK 3,167m (2,538). Profit from property management attributable to parent company shareholders increased by 28 % and amounted to SEK 2,883m (2,249), which corresponds to an increase per share of 28 % to SEK 2.58 (2.01). Profit from property management includes SEK 903m (570) in respect of associated companies.

Net profit after tax for the period amounted to SEK 9,500m (5,514). Net profit after tax for the period attributable to parent company shareholders amounted to SEK 8,717m (4,877), corresponding to SEK 7.79 per share (4.36). Profit before tax was affected by unrealised changes in value in respect of investment properties of SEK 5,587m (3,075), realised changes in value in respect of investment properties of SEK 36m (116), profit from sales of development properties SEK 24m (37), changes in value of interest rate derivatives of SEK 1,200m (327) and profit from participations in associated companies of SEK 1,980m (1,070).

For further information, please contact:
Erik Selin, CEO, tel. +46 (0)31-10 95 92
Eva Sigurgeirsdottir, Director of Economy, tel. +46 (0)31-10 99 13

This information is information that Fastighets AB Balder (publ) 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 15 July 2022.

Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. The head office is located in Gothenburg. As of 30 June 2022, the property portfolio had a value of SEK 206.5 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.