Year-end report 2021: A year of extremely strong progress for SLP

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SPL’s operations in 2021 were characterized by a high number of transactions, strong profit growth and high value growth, and the first acquisition in the Mälardalen region ahead of expansion in the Stockholm area.

  • Rental income increased by 180%, amounting to SEK 268 m (96)
  • Profit from property management increased by 175% and amounted to
    SEK 131 m (48)
  • Earnings per share after dilution increased by 49% and amounted to
    SEK 26.5 (17.8)
  • Net asset value (NAV) per share after dilution increased by 65% to
    SEK 91.4 (55.5)
  • Net rental income in the period amounted to SEK 25.8 m (5.3)
  • 25 properties were acquired and taken into possession with a total lettable area of some 215,000 square meters and a property value of SEK 2,171 m (2,043)
  • In the fourth quarter 2021, the company received its first environmental certification, Sweden Green Building Council’s Miljöbyggnad Silver, for the logistics building Ättehögen Östra 6 in Helsingborg

SLP reports high net letting, good growth in earnings and earning power and our first property is now environmentally certified. These are important elements to to achieve our overall objective of generating average annual growth in NAV per share of at least 15 percent, and average annual growth in profit from property management of at least 15 percent per share. We are delighted to have exceeded these targets with a significant margin for the third year running”.

Demand for well-located logistics properties continues to grow in Sweden and our surrounding countries. We therefore see good prospects that 2022 will also be a year with new business opportunities that will provide good growth and strengthen our position”, says Peter Strand, CEO of SLP.

This information is such that Swedish Logistic Property AB is obliged to disclose in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the contact person below, for publication on 7 February 2022 at 4:50 p.m. CET.

For further information, please contact:
Peter Strand, CEO of SLP, telephone: +46 705 881 661

About SLP – Swedish Logistic Property

SLP - Swedish Logistic Property - is a Swedish real estate company with a focus on logistics properties. Since its inception, the company has maintained a high pace and in a short time has completed several high-profile acquisitions. SLP has a high ambition regarding sustainability and works responsibly from an environmental perspective. The company’s property portfolio comprises a lettable area of approximately 630,000 square meters.