Interim Report Jan-Sep 2008
- Result after tax SEK 307 million (504),
SEK 8.21 (13.12) per share
- Rental income increased to SEK 869 million (765)
- Profit ongoing property management SEK 246 million (242)
- Net operating income increased to SEK 623 million (537)
- Value changes properties SEK 62 million (330)
- The properties yield is 6.5 per cent (6.2)
- Equity/assets ratio 32.1 per cent (32.6)
― We have a continuing strong rental market in Skåne. Net lettings for the period amounts to SEK 38 million, of which SEK 10 million entirely for the 3rd quarter, says Anders Jarl CEO of Wihlborgs Fastigheter AB.
― We have increased the result from the ongoing property management despite the strongly increased interest costs, continues Anders Jarl.
– The properties yield, excluding projects, has increased from 6.2 to 6.5 per cent. The yield for offices and warehouses exceeds 6 respectively 8 per cent, finishes Anders Jarl.
Wihlborgs Fastigheter AB (publ)
CEO Anders Jarl will present the interim report in English today at 10.30. You can participate in the conference by phoning UK +44 208 817 9301 SWE +46 8 5052 0270. The presentation will also be webcasted, www.wihlborgs.se or www.financialhearings.com.
For further information please contact:
Anders Jarl, CEO, +46 40 690 57 10, +46 733 71 17 10
Christer Johansson, CFO, +46 40 690 57 06, +46 733 71 17 06
Wihlborgs Fastigheter (publ) is a property company that focuses on commercial properties in the Öresund region. Its stock of properties is located in Malmö, Helsingborg, Lund and Copenhagen.
Wihlborgs is the leading property company in Malmö and Helsingborg.
The properties’ book value totals SEK 13.7 billion with an annual rental value of SEK 1.3 billion.
Wihlborgs is listed on the Stockholm stock exchange’s Midcap list.