Fabege Q1 Rental Income Rises To SEK 867 Mln
April 25 (Reuters) -Fabege AB FABG.ST:
Q1 RENTAL INCOME INCREASED TO SEK 867M (829)
Q1 NET OPERATING INCOME INCREASED TO SEK 619M (598)
Q1 NET INTEREST AMOUNTED TO SEK -240M (-211)
Q1 PROFIT FROM PROPERTY MANAGEMENT AMOUNTED TO SEK 329M (351)
Q1 REALISED AND UNREALISED CHANGES IN VALUE OF PROPERTIES AMOUNTED TO SEK -1,378M (-2 110)
Q1 PROFIT AFTER TAX FOR PERIOD AMOUNTED SEK -699M (-1,584)
Q1 NET LETTINGS FOR PERIOD AMOUNTED TO SEK -36M (-12)
LOAN-TO-VALUE AMOUNTED TO 43 PER CENT (42)
INCREASED RENTAL INCOME, IMPROVED NET OPERATING INCOME DESPITE WAIT-AND SEE AND SOMEWHAT CAUTIOUS MARKET
IN NEXT 16 MONTHS, MAJORITY OF OUR PROJECTS WILL BE COMPLETED
AT BEGINNING OF 2026 PROJECTS WILL ADD SEK 380M IN RENTAL INCOME
FUNDING MARKET IS FUNCTIONING WELL AGAIN
CANNOT EXPECT LARGE GENERAL UPSIDES IN RENTS IN NEXT FEW YEARS
NOW SEE THAT MANY LEASES ARE BEING EXTENDED ON UNCHANGED TERMS
VACANCIES ARE INCREASING SLIGHTLY IN STOCKHOLM AS A WHOLE
SEE DECREASE IN NUMBER OF OFFICE WORKERS IN STOCKHOLM
SEE TENANTS THAT ARE DOWNSIZING TO ADAPT THEIR PREMISES TO MORE FLEXIBLE WAY OF WORKING
TRANSACTION MARKET IS ALSO SHOWING SIGNS OF IMPROVEMENT
Source text for Eikon: ID:nWkr75xbjN
Further company coverage: FABG.ST
(Gdansk Newsroom)
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