Year-end report January-December 2018
- Profit from property management attributable to parent company shareholders amounted to SEK 3,304m (2,804), corresponding to an increase per share by 25 % to SEK 18.35 (14.74)
- Rental income amounted to SEK 6,714m (5,915)
- Profit after tax attributable to parent company shareholders amounted to SEK 9,308m (7,118) corresponding to SEK 51.71 per share (38.71)
- Long term net asset value amounted to SEK 280.17 per share (229.25) and shareholders' equity (including listed associated companies at market value) amounted to SEK 225.60 per share (185.02)
Profit from property management for the year amounted to SEK 3,877m (3,284). Profit from property management attributable to parent company shareholders increased by 18 % and amounted to SEK 3,304m (2,804), which corresponds to an increase per share by 25 % to SEK 18.35 (14.74). Profit from property management includes SEK 658m (583) in respect of associated companies.
Net profit after tax for the year amounted to SEK 10,169m (7,769). Net profit after tax for the period attributable to parent company shareholders amounted to SEK 9,308m (7,118), corresponding to SEK 51.71 per share (38.71). Profit before tax was affected by changes in value in respect of investment properties of SEK 8,007m (5,336), changes in value of interest rate derivatives of SEK -34m (144) and profit from participations in associated companies of SEK 881m (1,010).
For further information, please contact
CEO Erik Selin, tel. +46 706 074 790 or
CFO Magnus Björndahl, +46 735 582 929
This is information that Fastighets AB Balder 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 08.00 CET on February 27, 2019.
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 118.1 billion (98.4) as of 31 December 2018. The Balder share is listed on Nasdaq Stockholm, Large Cap.
Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg