Castellum AB Proposes Dividend for 2013 Payable on March 28, 2014; Announces Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 2013
January 22, 2014 at 01:43 pm
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Castellum AB announced that its board proposed a dividend of SEK 4.25 per share for 2013, compared to SEK 3.95 per share paid in the same period a year ago, corresponding to an increase of 8%. The dividend will be paid on March 28, 2014 with the record date of March 25, 2014 and the ex-dividend date is March 21, 2014.
The company announced consolidated and parent earnings results for the fourth quarter and full year ended December 2013. For the quarter, the consolidated company reported rental income of SEK 818 million compared with SEK 788 million for the same period a year ago. Net operating income was SEK 532 million compared with SEK 499 million for the same period a year ago. Income before tax was SEK 347 million compared with SEK 150 million for the same period a year ago. Net income was SEK 302 million or SEK 1.84 per share compared with SEK 759 million or SEK 4.63 per share for the same period a year ago. Cash flow from operating activities was SEK 290 million compared with SEK 471 million for the same period a year ago. Investments in new constructions, refurbishments and extensions was SEK 438 million compared with SEK 393 million for the same period a year ago.
For the full year, the consolidated company reported rental income of SEK 3,249 million compared with SEK 3,073 million for the same period a year ago. Net operating income was SEK 2,144 million compared with SEK 2,031 million for the same period a year ago. Income before tax was SEK 2,103 million compared with SEK 1,076 million for the same period a year ago. Net income was SEK 1,707 million or SEK 10.41 per share compared with SEK 1,473 million or SEK 8.98 per share for the same period a year ago. Cash flow from operating activities was SEK 1,375 million compared with SEK 1,250 million for the same period a year ago. Investments in new constructions, refurbishments and extensions was SEK 1,583 million compared with SEK 1,279 million for the same period a year ago. Property acquisitions was SEK 185 million compared with SEK 1,519 million for the same period a year ago.
For the quarter, the parent company reported income of SEK 6 million compared with SEK 4 million for the same period a year ago. Income before tax was SEK 694 million compared with SEK 602 million for the same period a year ago. Net income was SEK 666 million compared with SEK 526 million for the same period a year ago.
For the full year, the parent company reported income of SEK 18 million compared with SEK 15 million for the same period a year ago. Income before tax was SEK 1,109 million compared with SEK 497 million for the same period a year ago. Net income was SEK 990 million compared with SEK 448 million for the same period a year ago.
Castellum AB is a Sweden-based company active within the real estate sector. The Company is engaged in the acquisition, ownership, management and development of property on a long-term basis. The property portfolio of Castellum AB comprises commercial real estate, including offices, public sector properties, warehouses and logistics properties, retail properties and light industry properties, covering approximately 4.3 million square meters of total leasable area. The Company is also involved in the coworking and shared office space sector. Castellum AB operates in approximately 20 cities across Sweden, as well as in Copenhagen, Denmark and Helsinki, Finland.
Castellum AB Proposes Dividend for 2013 Payable on March 28, 2014; Announces Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 2013