* Rental income for 2011 amounted to SEKm 2,919 (SEKm 2,759 corresponding period previous year). * Income from property management amounted to SEKm 1,173 (1,141), equivalent to SEK 7.15 (6.96) per share, a increase with 3%. * The changes in value on properties amounted to SEKm 194 (1,222) and on interest rate derivatives to SEKm -429 (291). * Net income after tax for the year amounted to SEKm 711 (1,964), equivalent to SEK 4.34 (11.98) per share. * The net investments amounted to SEKm 1,908 (1,279) of which SEKm 1,158 (881) were new constructions, extensions and reconstructions. * The Board proposes a dividend of SEK 3.70 (3.60) per share, corresponding to an increase of 3%.
The net leasing during the year amounted to SEKm 61 (36). The gross leasing
during the year were SEKm 310 (257), of which SEKm 45 (46) were leasing of new
constructions, extensions and reconstructions. Notices of termination amounted
to SEKm 249 (221), of which bankruptcies were SEKm 18 (12).
"We are pleased that Castellum can show another year with growth in income from
property management as well as dividend" comments CEO Håkan Hellström. "However,
the decline in the Swedish economy can be noticed in the rental and property
markets as well as on the interest rate market" adds Hellström.
Enclosure: Year-end Report 2011
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 is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to approx. SEK 34 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.4 million sq.m. 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.
Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Castellum AB (publ) via Thomson Reuters ONE