- Rental income for 2009 amounted to SEKm 2,694 (SEKm 2,501 corresponding
Income from property management for the period, i.e. net income excluding
changes in value and tax, amounted to SEKm 1,130 (973), equivalent to SEK 6.89
(5.93) per share. The improvement is 16% and above all an effect of lower
interest rates, but also higher rental incomes and investments made have had a
positive effect. During the year, changes in value on properties and derivatives
amounted to, respectively, SEKm -1,027 (-1,262) and SEKm 102 (-1,010).
During the year investments totalling SEKm 1,165 (2,738) were made, of which
SEKm 126 (1,212) were acquisitions and SEKm 1,039 (1,526) new construction,
extensions and refurbishment.
"2009 became a fantastic year, mainly based on low interest rates and a much
better rental market than expected. Crucial for 2010 is the strength of economic
activity as well as when and how large the interest rate increase will be"
comments CEO Håkan Hellström.
At today's meeting, the Board of Directors decided on the following proposals
for the Annual General Meeting:
- a dividend of SEK 3.50 per share and Tuesday, March 30, 2010 as record day for
- a new incentive plan for members of the executive management, which in
principle is an extension of the existing program,
- a renewed mandate for the Board to decide on purchase and transfer of own
Enclosure: Year-end Report 2009
Castellum is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to approx. SEK 29 billion, and
comprises commercial properties. The real estate portfolio is owned and managed
by six wholly owned subsidiaries with strong local roots in five growth regions:
Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and
Eastern Götaland. Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56
Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile +
46 706-47 12 61
Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.