Castellum: Year-end report 2021
Castellum reported record earnings for 2021, achieving a total income of MSEK 6,353, with a notable increase in income from property management rising 4% to MSEK 3,522. The company’s net income soared to MSEK 11,828 compared to 5,615 the previous year, translating to SEK 41.81 per share. Property value grew to MSEK 176 billion, bolstered by successful acquisitions in Sweden, Finland, and Norway. Castellum also announced a dividend increase for the 24th consecutive year, reflecting strong financial performance.
- Record net income of MSEK 11,828, a significant increase from MSEK 5,615 in 2020.
- Income from property management rose by 4% to MSEK 3,522.
- Property value reached approximately SEK 176 billion.
- Successful acquisitions of Kungsleden, Kielo, and Entra that enhance overall business.
- Net lettings decreased to MSEK 162 from MSEK 239, indicating potential challenges in leasing.
GOTHENBURG, Sweden, Feb. 16, 2022 /PRNewswire/ --
Castellum posts its highest earnings ever, and proposes an increased dividend for the 24th consecutive year
- Income for 2021 totalled MSEK 6,353 (6,004).
- Income from property management increased by
4% to MSEK 3,522 (3,380), equivalent to SEK 12.45 (12.35) per share. - Change in value on properties amounted to MSEK 7,185 (3,863) and on derivatives to MSEK 325 (–120).
- Net income for the year amounted to MSEK 11,828 (5,615), corresponding to SEK 41.81 (20.52) per share.
- Long-term net reinstatement value (EPRA NRV) amounted to SEK 251 per share (214), an increase of
17% . - Net investments amounted to MSEK 42,718 (4,267) of which MSEK 56,147 (2,646) pertained to acquisitions, MSEK 3,799 (2,512) to new construction, extensions, and reconstructions, and MSEK 17,228 (891) to sales. Moreover, SEK 9.4 billion was invested in the Norwegian listed property company Entra.
- Net lettings for the period were MSEK 162 (239).
"I am proud that Castellum posts its highest earnings ever. Successful acquisitions of Kungsleden in Sweden, Kielo in Finland and
Attachment: Year-end report 2021
For further information, please contact:
Rutger Arnhult, CEO, Castellum AB, +46 704 58 24 70
Ylva Sarby Westman, Deputy CEO and CFO Castellum AB, +46 706 90 65 97
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 persons set out above at 8:00 a.m. CET on 16 February 2022.
About Castellum
Castellum is one of the largest commercial listed property companies in the Nordic region that develops flexible workplaces and smart logistics solutions. As of 31 December 2021, the property value totalled approximately SEK 176 billion, including ownership share in the Norwegian company Entra ASA. We are active in attractive Swedish growth regions as well as in Copenhagen and the Helsinki area. 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 Indices (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.
Beyond expectations.
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SOURCE Castellum
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