Hans
- The equity/assets ratio amounted to 45 percent and the loan-to-value ratio was 46 percent.
-
Investment in new construction and reconstruction of properties amounted to
SEK 1,139 million (1,396). - On closing day, 1,238 apartments were under construction.
-
Rental income amounted to
SEK 1,457 million (1,339). -
Income from property management amounted to
SEK 563 million (532). -
Changes in value of investment properties amounted to
SEK -21 million (-606). -
Changes in value of financial instruments amounted to
SEK 92 million (-124). -
Profit before tax amounted to
SEK 570 million (-119) and profit after tax amounted toSEK 408 million (-170), equivalent toSEK 0.6 per share (-0.3). -
Net asset value per share amounted to
SEK 56.70 , compared toSEK 56.20 onDecember 31, 2023 .
- Rental income amounted to
SEK 737 million (679). -
Income from property management amounted to
SEK 294 million (267). -
Changes in value of investment properties amounted to
SEK -6 million (-611). -
Profit after tax amounted to
SEK 74 million (-218), equivalent toSEK 0.1 per share (-0.3).
Comment from Hans Wallenstam, CEO:
"All of Wallenstam's numbers are looking better, income from property management is going up, net operating income is increasing and the surplus ratio is back at the levels that we saw before the electricity prices soared. Net financial items are lower, but we see a turnaround as the average interest rate has gone down to 3.17 percent on closing day compared to 3.27 percent in Q1. The results show that Wallenstam's business is working very well!"
"I am very happy that we have started the construction of just over 400 apartments in Årstaberg in Stockholm. We hope to be able to start more projects both in Stockholm and Gothenburg during the fall. Demand for our apartments is very good, which reflects the severe prevailing housing shortage in the areas we operate in but it is also a confirmation that we are offering the right products in the right locations."
For the complete report, please refer to the attached PDF.
For further information, please contact:
Susann Linde, CFO and Head of Investor Relations
www.wallenstam.se
This is information that Wallenstam is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around
https://news.cision.com/wallenstam/r/wallenstam-s-interim-report-jan-jun-2024,c4012558
https://mb.cision.com/Main/590/4012558/2906535.pdf
https://mb.cision.com/Public/590/4012558/9916b56464187574.pdf
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