Castellum: Interim report January-March 2022
Castellum reported a record increase in earnings for Q1 2022, with income rising to MSEK 2,193 from MSEK 1,502. The income from property management reached MSEK 1,151, translating to SEK 3.40 per share. While the change in property values was MSEK 442, net income totaled MSEK 3,613, or SEK 10.68 per share. The long-term net reinstatement value rose by 18% to SEK 259 per share. Castellum made substantial investments totaling MSEK 1,195, with net lettings reported at MSEK 25. The company continues to maintain a strong financial position and aims for climate neutrality by 2030.
- Q1 2022 income increased to MSEK 2,193 from MSEK 1,502.
- Income from property management rose to MSEK 1,151, or SEK 3.40 per share.
- Long-term net reinstatement value (EPRA NRV) increased 18% to SEK 259 per share.
- Investments totalled MSEK 1,195, up from MSEK 688.
- Net income decreased to MSEK 3,613 from MSEK 3,840.
- Change in property values dropped significantly to MSEK 442 from MSEK 1,607.
- Net lettings fell to MSEK 25 from MSEK 40.
GOTHENBURG, Sweden, April 25, 2022 /PRNewswire/ -- Castellum reports largest increase in earnings in its history
- Income for the period January–March 2022 MSEK 2,193 (1,502).
- Income from property management MSEK 1,151 (779), corresponding to SEK 3.40 per share (2.82).
- Change in value on properties MSEK 442 (1,607) and derivatives MSEK 1,366 (19).
- Net income for the period MSEK 3,613 (3,840), corresponding to SEK 10.68 (13.90) per share.
- Long-term net reinstatement value (EPRA NRV) amounted to SEK 259 per share (220), an increase of 18 per cent.
- Investments totalling MSEK 1,195 (688) in existing portfolios, acquisitions of MSEK 75 (177) and sales of MSEK 2,302 (9,879).
- Net lettings for the period were MSEK 25 (40).
"As the foremost and largest commercial property company in the Nordic region with a strong financial position, we have attractive investments in the right locations and a strong underlying business with a low vacancy rate, a high-quality portfolio and an efficient administrative organization," says Rutger Arnhult, CEO of Castellum AB.
Attachment: Interim report January-March 2022
For further information, please contact:
Rutger Arnhult, CEO Castellum AB, tel. +46 70-458 24 70
Maria Strandberg, CFO Castellum AB, tel. +46 70-398 23 80
This disclosure contains information that Castellum 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 8:00 a.m. CEST on 25 April 2022.
About Castellum
Castellum is one of the largest listed property companies in the Nordic region that develops flexible workplaces and smart logistics solutions. As of 31 March 2022, the property value totalled approximately SEK 182 billion, including the ownership share of the Norwegian company Entra ASA. We are active in attractive Nordic growth regions. One of our sustainability goals is to become entirely climate neutral by 2030 at the latest. Castellum is the only Nordic property and construction company elected to the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.
Beyond expectations.
www.castellum.se
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The following files are available for download:
Castellum interim report January-March 2022 | |
https://mb.cision.com/Public/8364/3548251/bb7eb07950fcf4fa.pdf | Press release interim report January-March 2022 |
View original content:https://www.prnewswire.com/news-releases/castellum-interim-report-january-march-2022-301531619.html
SOURCE Castellum
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