Castellum’s interim report January-September 2011: Stable cash-flow – income from property management SEKm 889
Gothenburg October 18, 2011
Rental income for the period January-September 2011 amounted to SEKm 2,181 (SEKm 2,058 corresponding period previous year).
Income from property management amounted to SEKm 889 (861), corresponding to SEK 5.42 (5.25) per share, an increase with 3%.
The changes in value on properties amounted to SEKm 436 (563) and on interest rate derivatives to SEKm -365 (-31).
Net income after tax for the period amounted to SEKm 719 (1,038), corresponding to SEK 4.38 (6.33) per share.
Net investments amounted to SEKm 1,066 (456) of which SEKm 775 (593) were new constructions, extensions and reconstructions.
The net leasing during the period amounted to SEKm 69 (13). The gross leasing during the period was SEKm 246 (177), of which SEKm 41 (27) were leases for new constructions, extensions and reconstructions. Notices of termination amounted to SEKm 177 (164), of which bankruptcies were SEKm 15 (5).
"Demand for Castellum’s premises remains strong despite signs of a decline in the Swedish economy" comments CEO Håkan Hellström.
An election committee has been appointed in accordance to the Annual General Meeting’s decision. The election committee is formed by: Maj-Charlotte Wallin representing AFA Försäkring, Rutger van der Lubbe representing Stichting Pensioenfonds ABP, Lars-Åke Bokenberger representing AMF Pension and the Chairman of the Board Jan Kvarnström.
Enclosure: Interim Report January-September 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 SEK 33 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of 3.3 thousand 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.
www.castellum.se