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Annehem Fastigheter: Half-year Report Januari-June 2022 

Half-year Report Januari-June 2022

Strong trend for net operating income

During the year, net operating income increased 14.7 percent. The economic occupancy rate was 95.0 percent and the average contract length was 5.5 years. On 30 June, the property value was SEK 4,388.5 million, a capital appreciation of SEK 111.2 million, or 2.7 percent, during the quarter.

April-June

  • Rent revenue for the period amounted to SEK 54.0 million (45.5)
  • Net operating income amounted to SEK 46.2 million (39.6)
  • Income from property management amounted to SEK 16.1 million (21.9)
  • Income from property management, excl. currency effects, amounted to SEK 24.1 million (20.3)
  • Earnings per share amounted to SEK 2.20 (0.34).
  • Investments in existing properties amounted to SEK 1.6 million (12.2)
  • Valuations of investment properties yielded an increase in fair value of SEK 111.2 million (5.5)

January-June

  • Rent revenue for the period amounted to SEK 104.5 million (90.6)
  • Net operating income amounted to SEK 87.6 million (76.4)
  • Income from property management amounted to SEK 36.4 million (40.9)
  • Income from property management, excl. currency effects, amounted to SEK 44.4 million (37.9)
  • Earnings per share amounted to SEK 4.88 (1.03)
  • Long-term net asset value per share amounted to SEK 46.0 (37.7)
  • Investments in existing properties amounted to SEK 6.2 million (34.7)
  • The fair value of investment properties amounted to SEK 4,388.5 million (3,545.9).
  • Valuations of investment properties yielded an increase in fair value of SEK 253.8 million (35.2)

"We are now seeing a sharp market correction, especially in the housing segment. That provides opportunities to make successful acquisitions at completely new levels. Annehem is well-equipped to take advantage of these opportunities, with a strong balance sheet and good liquidity and available credit. Demand for our modern, flexible and sustainable offices in areas well served by public transport remains very strong. That gives us the confidence and strength to continue our growth journey towards our communicated financial growth targets.", says Jörgen Lundgren, CEO Annehem Fastigheter.

For further information please contact:

Jörgen Lundgren
CEO
[email protected]
Mobil 076-843 05 08

This information is of the type that Annehem Fastigheter AB (publ) is required to disclose under the EU Market Abuse Regulation and the Securities Markets Act. This information was released, through the provision of the above-mentioned contact person, for publication on 20 July 2022, at. 08:00 CEST.

The following documents can be retrieved from beQuoted
PM-Q2-2022 eng.pdf
Annehem Q2 2022 eng.pdf

About Annehem Fastigheter
Annehem Fastigheter is a growth-driven property company specialising in commercial, community service and residential properties in the Nordic growth regions of Stockholm, Skåne, Gothenburg, Helsinki and Oslo. The property portfolio in Annehem Fastigheter consists of 25 investment properties with a value of SEK 4,388.5 million and a lettable area of 195 thousand sqm. The company is listed on Nasdaq Stockholm since December 2020 with the ticker ANNE B and have a Nasdaq Green Designation since April 2022. For more information, please visit Annehems website www.annehem.se.

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