* Rental income for the period January-September 2013 amounted to SEKm 2,431 (SEKm 2,285 corresponding period previous year). * Income from property management amounted to SEKm 1,015 (953), corresponding to SEK 6.19 (5.81) per share, an increase with 7%. * The changes in value on properties amounted to SEKm 301 (56) and on derivatives to SEKm 440 (-83). * Net income after tax for the period amounted to SEKm 1,405 (714), corresponding to SEK 8.57 (4.35) per share. * Net investments amounted to SEKm 874 (1,536) of which SEKm 1,145 (886) were new constructions, extensions and reconstructions, SEKm 185 (903) acquisitions and SEKm 456 (253) sales.
Gross leasing (i.e. the annual value of total leasing) during the period was
SEKm 265 (235), of which SEKm 74 (53) were leasing of new constructions,
extensions and reconstructions. Notices of termination amounted to SEKm 184
(192), of which bankruptcies were SEKm 19 (24) 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 81 (43) and for the third quarter SEKm 19 (30).
"I am pleased to announce that the income from property management continuous to
develop positively with a strong growth during the third quarter of 9%" comments
CEO Henrik Saxborn. "Additionally, bonds of SEK 1 billion has been issued during
the quarter which together with a strong balance sheet enable Castellum's
expansion through future investments for both existing and new customers"
Enclosure: Interim Report January-September 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 38 billion, and comprises
premises for office, retail, warehouse and industrial purposes with a total
lettable area of 3.6 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