Annehem Fastigheter AB (publ) delivers an increased income from property management and strong net letting. During the period, we report increased rent revenue, an improved net operating income, and a continued high occupancy rate. Despite a significantly higher net interest expense, our income from property management excl. currency effects increases by 28 percent, compared to the same period last year.
Jan-Mar1
Rent revenue increased to SEK 66.3 million (61.1)
Net operating income increased to SEK 0 million (50.6)
Income from property management increased to SEK 3 million (17.7)
Income from property management excl. currency effects increased to SEK 26.2 million (20.4)
Earnings per share amounted to SEK -0.12 (-1.36)
Positive net letting of SEK 12.0 million
Investments in existing properties amounted to SEK 35.7 million (14.3)
Revaluations of investment properties yielded a decrease in fair value of SEK -35.2 million (-122.0)
The fair value of investment properties amounted to SEK 4,688.7 million (4,336.3)
Net asset value (EPRA NRV) per share amounted to SEK 36.5 (36.4)
1) The average number of shares and key figures based on this have been restated by an adjustment factor of 1.1659 for all comparative years, corresponding to the bonus issue element in this year's rights issue; for more information, refer to Note 7 in the report.
"We have started the year with a good result, strong net letting, and positive progress in our sustainability efforts. However, I am humble about the future given the economic situation and the recession prevailing. The successful rights issue demonstrates strong confidence from our investors and provides us with opportunities for further value creation going forward." says Monica Fallenius, CEO of Annehem Fastigheter.
Significant events during the period
Annehem publishes final outcome of the rights issue initiated in the fourth quarter.
Annehem accesses residential property in Partille Port, Gothenburg.
Annehem Fastigheter enters its third year as a green share under the Nasdaq Green Equity Designation.
The report will be presented at 11:00 a.m. CET on May 3 by CEO Monica Fallenius and CFO Adela Colakovic. The presentation will be held in Swedish. Questions relating to the presentation can be forwarded to ir@annehem.sein advance. It is possible to ask questions in writing via the chat function in Teams after the presentation.
Join the presentation by clicking on the following Teams-link:
https://events.teams.microsoft.com/event/17a58bbc-6d49-4063-8fb3-45cb16b50622@e510a398-d946-4fe1-ba17-4c5478d05bc5
The year-end report and the presentation will be published on Annehem's Website
For further information please contact:
Monica Fallenius, CEO
monica.fallenius@annehem.se
Tel. +46 70 209 01 14
This information is information that Annehem Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on May 3, 2024
About Annehem Fastigheter
Annehem Fastigheter is a growth-driven property company specializing in commercial, community service and residential properties in the Nordic growth regions of Stockholm, Skåne, Gothenburg and Helsinki. The property portfolio in Annehem Fastigheter consists of 27 investment properties with a value of SEK 4,688.7 million and a lettable area of 207 thousand sqm as of Mars 31, 2024. The Company is listed on Nasdaq Stockholm since December 2020 with the ticker ANNE B and have a Nasdaq Green Designation since May 2022. For more information, please visit Annehem's website www.annehem.se.
This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices
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03 May 2024 and is solely responsible for the information contained therein. Distributed by
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Annehem Fastigheter AB (publ) is a Sweden-based property group of companies focused on commercial, community and residential properties. The group owns and manages commercial properties in the Swedish growth regions of Stockholm, Gothenburg and Skane, as well as on a Nordic level in Helsinki and Oslo. The group's operations are divided into two operating segments, the capital region (Stockholm, Oslo, Helsinki) and the southern region (Malmo, Gothenburg, Angelholm). Annehem Fastigheter has a diversified customer base with several categories of tenants in different sectors. The parent Company Annehem Fastigheter AB (publ) has no direct ownership in properties, but these are owned via wholly owned subsidiaries. The parent Company provides administrative and technical property management and financing services to the subsidiaries and group management.
ANNEHEM FASTIGHETER AB 
