Positive net letting but a slightly lower occupancy rate, stable net interest income and negative changes in value in the property portfolio resulted in a negative result after tax.
- After several quarters with negative net letting, we had a positive net letting this quarter, amounting to SEK 6m (-36).
- Leases of SEK 61m (25) were renegotiated with an average reduction in rental value of 4.8 percent (0.9). In addition, leases of SEK 89m (84) were extended on unchanged terms.
- Rental income amounted to SEK 865m (867). In an identical portfolio, income decreased by -2.7 percent compared to the previous year (10).
- Operating surplus decreased to SEK 600m (619). In an identical portfolio, operating surplus decreased by -5.5 percent (9).
- Turnover from housing development amounted to SEK 0m (141) with a gross profit of SEK -6m (1).
- The surplus ratio amounted to 69 percent (71).
- Net interest income amounted to SEK -242m (-240).
- Property management profit amounted to SEK 285m (329).
- Realized changes in value of properties amounted to SEK -37m (3) and unrealized changes in value of properties amounted to SEK -565m (-1,381).
- Profit for the period after tax amounted to SEK -151m (-699), corresponding to SEK -0.48 per share (-2.22).
-After several quarters with negative net letting, we had a positive net letting this quarter. However, the political turbulence of recent weeks is again contributing to increased uncertainty. Looking a little further ahead, we believe that with a stronger economy, office employment will increase again. Our focus now is to have a close relationship with our tenants, to increase the occupancy rate in the existing stock and to create the conditions for future projects and growth, says Stefan Dahlbo, CEO.
Fabege AB (publ)
Presentation of the report
Stefan Dahlbo, CEO, and Åsa Bergström, CFO, will present the report today at 09:00 CET in Swedish. Follow the presentation via link: https://fabege.events.inderes.com/q1-report-2025
Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.inderes.com/teleconference/?id=50052187
A presentation in English will be held at 10:30 CET. You can follow this via https://fabege.events.inderes.com/q1-report-2025-english
Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.inderes.com/teleconference/?id=50051550
This information is information that Fabege AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation(596/2014). The information was submitted for publication, through the agency of the contact person set out above,
at 14 April 2025, 07:30 CET.
For further information, please contact:
Stefan Dahlbo, President and CEO, tel. +46 (0)70-353 18 88, stefan.dahlbo@fabege.se
Åsa Bergström, Vice President and CFO, +46 (0) 8 555 148 29, asa.bergstrom@fabege.se
