* Rental income for the period January-June 2013 amounted to SEKm 1,622 (SEKm 1,521 corresponding period previous year). * Income from property management amounted to SEKm 634 (606), corresponding to SEK 3.87 (3.70) per share, an increase with 5%. * The changes in value on properties amounted to SEKm 119 (28) and on derivatives to SEKm 387 (109). * Net income after tax for the period amounted to SEKm 902 (580), corresponding to SEK 5.50 (3.54) per share. * Net investments amounted to SEKm 846 (735) of which SEKm 799 (613) were new constructions, extensions and reconstructions, SEKm 152 (333) acquisitions and SEKm 105 (211) sales.
Gross leasing (i.e. the annual value of total leasing) during the period was
SEKm 187 (154), of which SEKm 48 (25) were leasing of new constructions,
extensions and reconstructions. Notices of termination amounted to SEKm 125
(141), of which bankruptcies were SEKm 13 (14) and SEKm 9 (17) were notices of
termination with more than 18 months remaining length of contract. Net lease for
the period was hence SEKm 62 (13) and for the second quarter SEKm 35 (21).
"Castellum's income from property management increased 5%, despite a hard winter
with a cold first half-year and a weak business cycle", comments CEO Henrik
Saxborn. "The net leasing is positive during the first half-year, mainly due to
leasing in new projects", Saxborn adds.
Enclosure: Half-year Report January-June 2013
For further information, please contact
Henrik Saxborn, CEO, phone +46 31 60 74 50
Ulrika Danielsson, Finance Director, phone +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 SEK 37 billion, and comprises
premises for office, retail, warehouse and industrial purposes with a total
lettable area of 3.7 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