Regulatory News:
· Rental income for the period January-March 2016 amounted to SEKm 855
(SEKm 801 corresponding period previous year).
· Income from property management amounted to SEKm 366 (338),
corresponding to SEK 2.23 (2.06) per share, an increase of 8%. Income
has been charged with approx. SEKm 13 for non-recurring costs related to
ongoing transactions and the recent reorganization. Excluding those
costs the increase would have been 12%.
· Changes in value on properties amounted to SEKm 489 (329) and on
derivatives to SEKm –148 (–102).
· Net income after tax for the period amounted to SEKm 577 (451),
corresponding to SEK 3.52 (2.75) per share.
· Net investments amounted to SEKm 2,442 (1,039) of which SEKm 335 (295)
were new constructions, extensions and reconstructions, SEKm 2,110 (822)
acquisitions and SEKm 3 (78) sales. The investments include acquisition
of the remaining 50% of the shares in CORHEI Fastighets AB (former
Ståhls) with a property value of SEKm 2,083.
·After the reporting period, Castellum announced that in 2016 the
company will bring the whole Group together under the single brand name
Castellum and create a new operational structure. The change creates
conditions for further growth, enhanced local presence and empowerment.
“The first quarter was characterized by strong growth in income from
property management as well as positive value growth in the portfolio”,
says Henrik Saxborn, CEO of Castellum. “Expediting a completed
acquisition of Ståhls to March of this year will promote continued
income growth from property management”.
“With the launch of a new corporate structure we’ll take Castellum to
the next level under a joint brand – Castellum. We focus on
strengthening local decision-making and increased delivery speed, as
well as common support processes and initiatives in a number of
strategic areas such as project development, sustainability and
digitalization in order to increase our growth potential”, continues
Saxborn.
Enclosure: Interim Report January – March 2016
http://mb.cision.com/Public/8364/9954896/9a11b72877e9ff4a.pdf
Castellum AB (publ) discloses the information provided herein pursuant
to the Securities Markets Act and/or the Financial Instruments Trading
Act.
www.castellum.se
Castellum is one of the major listed real estate companies in Sweden.
The fair value of the real estate portfolio amounts to approx. SEK 45
billion, and comprises premises for office, retail, warehouse and
industrial purposes with a total lettable area of approx 3.6 million
sq.m. Castellum owns and manages properties in growth regions in Sweden
and Denmark. In 2015, Castellum sustainability performance was awarded
two top distinctions: the World Green Building Council’s award Business
Leadership in Sustainability and “Green Star 2015” by GRESB. This means
that Castellum is one of the highest ranking companies in the world in
the real estate sector. The Castellum share is listed on Nasdaq
Stockholm Large Cap.
Castellum AB (publ), Box 2269, SE-403 14 Gothenburg | Org nr/Corp Id no
SE 556475-5550 | Tel +46 31 60 74 00 Fax +46 31 13 17 55
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