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Genova Property Group Interim report January–September 2024

January–September period 2024 · Rental income amounted to SEK 382.7m (377.1), an increase of 2%. · Net operating income amounted to SEK 283.1m (280.7), an increase of 1%. · Income from property management amounted to SEK 84.1m (42.5), an increase of 98%, of which income from property management attributable to shareholders was SEK 26.3m (-18.3), corresponding to SEK 0.58 (-0.40) per share. · Net income for the period amounted to SEK 9.4m (-201.9), corresponding to SEK -1.06 (-5.78) per share less interest paid on hybrid bonds. The increase was mainly due to improved changes in

Genova strengthens earnings and extends loan maturities

Genova has signed new financing agreements with banks for approximately SEK 3,400m in total. Combined with several other measures to reduce the company’s financial expenses, this will strengthen Genova’s earnings and thus its income from property management per share. Overall, the completed measures will reduce financial expenses by SEK 46m on an annual basis, while increasing loan maturities to 3.2 years and the fixed-rate period to 3.0 years. “A key component of Genova’s rapid growth is in-depth knowledge of properties combined with extensive financial expertise. By working

The nomination committee for Genova's annual general meeting 2025 has been convened

In accordance with the instructions to the nomination committee adopted by Genova’s annual general meeting, a nomination committee has been convened for the annual general meeting 2025. The nomination committee for the annual general meeting 2025 consists of Fredrik Ahlqvist, chairman of the nomination committee and appointed by Micael Bile with company, Andreas Eneskjöld, appointed by Andreas Eneskjöld with company, Johannes Wingborg, appointed by Länsförsäkringar Fondförvaltning AB (publ) and Mikael Borg, chairman of the board in Genova. The nomination committee's term of office will

Genova publishes prospectus and applies for admission to trading of green capital securities on Nasdaq Stockholm

Genova Property Group AB (publ) (the "Company" or "Genova") issued on 24 September 2024 perpetual green capital securities in an amount of SEK 300 million (the "Green Capital Securities") under a total framework amount of SEK 450 million with ISIN SE0022760740. In accordance with the terms and conditions of the Green Capital Securities, Genova has applied for admission to trading of the Green Capital Securities at Nasdaq Stockholm on the sustainable bond list and the first day of trading at Nasdaq Stockholm is expected to be on or about 15 October 2024. For the purpose of the admission to

Genova updates strategy and targets for strengthened profitable growth and decides on amended dividend policy with regular dividend payments

The Board of Directors of Genova has updated the company’s strategy and targets, and has adopted an amended dividend policy. In parallel, the company’s operational targets will cease to apply. Removing the operational targets will make Genova more flexible, enabling the company to focus on the property segments that offer the best potential for profitable growth. Under the amended dividend policy, at least one third of income from property management will be distributed to shareholders on a quarterly basis.  “Genova’s far-reaching expertise in the fields of property and finance, combined

Genova publishes prospectus and applies for admission to trading of green bonds 2024/2027 on Nasdaq Stockholm

Genova Property Group AB (publ) (the "Company" or "Genova") issued on 29 August 2024 senior unsecured green bonds in an amount of SEK 450 million with maturity in 2027 (the "Green Bonds") under a total framework amount of SEK 650 million with ISIN SE0022725636. In accordance with the terms and conditions of the Green Bonds, Genova has applied for admission to trading of the Green Bonds at Nasdaq Stockholm on the sustainable bond list and the first day of trading at Nasdaq Stockholm is expected to be on or about 27 September 2024. For the purpose of the admission to trading, the Company has

Genova successfully issues new green capital securities and announces the result of the tender offer

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Genova announces the expiration time for the tender offer

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Genova contemplates to issue new green capital securities and announces a voluntary partial tender offer of existing green capital securities

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Genova successfully issues new green bonds

Genova Property Group AB (publ) (the "Company" or "Genova") has successfully issued senior unsecured green bonds (the "Green Bonds") in an initial amount of SEK 450 million. The Green Bonds were issued under a total framework of SEK 650 million, carries a floating interest rate of 3m Stibor + 415 basis points and will mature in November 2027. Genova intends to apply for admission to trading of the Green Bonds on the sustainable bond list of Nasdaq Stockholm. Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) act as arrangers and joint bookrunners in respect of the issuance

Genova contemplates to issue new green bonds

Genova Property Group AB (publ) (the "Company” or "Genova”) has mandated Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) as joint bookrunners to arrange debt investor meetings from and including 19 August 2024 to investigate the possibility to issue new senior unsecured green bonds denominated in SEK with an expected issue amount of SEK 300 million and a tenor of 3.25 years under a total framework amount of SEK 650 million (the "Green Bonds”). A capital market transaction may follow, subject to, among other things, prevailing market conditions. The Company has mandated

Genova Property Group Interim report January–June 2024

January–June period 2024 · Rental income amounted to SEK 262.1m (254.5), an increase of 3%. · Net operating income amounted to SEK 191.1m (186.4), an increase of 3%. · Income from property management amounted to SEK 56.6m (24.1), an increase of 135%, of which income from property management attributable to shareholders was SEK 18.6m (-15.2), corresponding to SEK 0.41 (-0.33) per share. · Net income for the period amounted to SEK 59.6m (-148.3), corresponding to SEK 0.47 (-3.68) per share. The increase was mainly due to improved changes in the value of properties. · Long-

Genova partially divests two properties in Norrtälje at an underlying property value of approximately SEK 1.3 billion

Genova has signed an agreement to divest the Journalisten 1 and Handelsmannen 1 properties in Norrtälje to a newly formed joint venture in which Genova is a half-owner together with Nrep. The sale is carried out at an underlying property value of SEK 1,286m, which corresponds to book values. The financial effects of the transaction mean that Genova's liquidity is strengthened by approximately SEK 185m and interest-bearing liabilities are reduced by approximately SEK 1 billion. Genova acquired the properties in 2016 at an underlying property value of SEK 40m and immediately began planning

Genova publishes prospectus and applies for admission to trading of subsequent green senior unsecured bonds 2023/2026 on Nasdaq Stockholm under outstanding green framework

Genova Property Group AB (publ) (the “Company” or “Genova”) issued on 16 April 2024 subsequent green senior unsecured bonds of MSEK 150 with maturity on 16 November 2026 under its green bonds framework of MSEK 750 with ISIN SE0018397705 (the “Green Subsequent Bonds”). In accordance with the terms and conditions of the Green Subsequent Bonds, Genova has applied for admission to trading of the Green Subsequent Bonds at Nasdaq Stockholm on the sustainable bonds list and the first day of trading at Nasdaq Stockholm is expected to be on or about 20 May 2024. For the purpose of the admission to

Genova publishes prospectus and applies for admission to trading of convertible bonds 2024/2029 on Nasdaq Stockholm

Genova Property Group AB (publ) (the “Company” or “Genova”) issued on 19 March 2024 senior unsecured convertible bonds in an amount of SEK 200 million with maturity in 2029 and with ISIN SE0021630308 (the “Convertible Bonds”). In accordance with the terms and conditions of the Convertible Bonds, Genova has applied for admission to trading of the Convertible Bonds at Nasdaq Stockholm on the convertible bonds list and the first day of trading at Nasdaq Stockholm is expected to be on or about 16 May 2024. For the purpose of the admission to trading, the Company has prepared a listing

Annual General Meeting in Genova Property Group AB (publ)

The Annual General Meeting of Genova Property Group AB (publ) (“Genova” or the “Company”) was held on 2 May 2024 in Stockholm, whereby the following resolutions were adopted: Adoption of income statements and balance sheets and resolution on disposition of the Company’s profit or loss and discharge from liability The Annual General Meeting resolved to adopt the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet for the financial year 2023. The Annual General Meeting also resolved on disposition of the Company’s result, in

Genova Property Group Interim report January–March 2024

January–March period · Rental income amounted to SEK 133.1m (128.9), an increase of 3%. · Net operating income amounted to SEK 94.1m (90.9), an increase of 4%. · Income from property management increased 140% to SEK 27.1m (11.3), of which income from property management attributable to shareholders was SEK 5.7m (-7.4), corresponding to SEK 0.12 (-0.16) per share. Excluding value changes in joint ventures and associated companies, income from property management amounted to SEK 28.4m (27.0). · Net income for the period amounted to SEK 45.0m (-40.2), corresponding to SEK 0.29 (-

Genova successfully completes issue of additional green senior unsecured bonds of MSEK 150 under outstanding green framework

NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, UNITED KINGDOM, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR NEW ZEELAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES IN ACCORDANCE WITH APPLICABLE LAW.Genova Property Group AB (publ) ("Genova") has today successfully placed green subsequent senior unsecured bonds of MSEK 150 with maturity on 16 November 2026 under its green bonds framework

Notice of Annual General Meeting in Genova Property Group AB

The shareholders of Genova Property Group AB (publ), reg. no. 556864-8116, are hereby given notice of the Annual General Meeting to be held on Thursday 2 May 2024 at 10.00 a.m. (CEST) at Gernandt & Danielsson Advokatbyrå, Hamngatan 2, Stockholm, Sweden. The Board has decided, pursuant to Chapter 7, Section 4 a of the Swedish Companies Act and Article 11.7 of the company’s Articles of Association, that shareholders may exercise their voting rights at the Annual General Meeting by post. Shareholders may therefore choose to exercise their voting rights in person at the Annual General

Genova Property Group’s Annual Report 2023

The Annual Report for 2023, Swedish version, is now available at Genova´s website, www.genova.se. An English version will be published later. For further information, please contact:CEO, Michael Moschewitz, mobile +46 (0)70-713 69 39, michael.moschewitz@genova.se CFO, Henrik Zetterström, mobile +46 (0)70-870 04 96, henrik.zetterstrom@genova.se This information is information that Nyfosa AB is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, on 27 March

Genova Property Group has completed a issue of convertible bonds raising proceeds of around 200 MSEK

NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, UNITED KINGDOM, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR NEW ZEELAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES IN ACCORDANCE WITH APPLICABLE LAW. PLEASE CONSULT THE "IMPORTANT INFORMATION" SECTION IN THE END OF THIS PRESS RELEASE FOR FURTHER INFORMATION.Genova Property Group has completed a issue of convertible bonds raising proceeds

Genova Property Group intends to carry out a new issue of convertible bonds of around 200 MSEK

NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, UNITED KINGDOM, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR NEW ZEELAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES IN ACCORDANCE WITH APPLICABLE LAW. PLEASE CONSULT THE "IMPORTANT INFORMATION" SECTION IN THE END OF THIS PRESS RELEASE FOR FURTHER INFORMATION.Genova Property Group AB ("Genova" or the "Company") intends to, with deviation

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