Interim report January – September 2019
Summary January-September 2019
- Rental income increased to SEK 2,252 million (1,935).
- Profit from property management increased to SEK 1,276 million (1,097).
- Changes in value of properties amounted to SEK 1,279 million (894) and changes in value of financial instruments to SEK -180 million (93).
- Profit after tax for the period increased to SEK 1,996 million (1,889).
- Market value of investment properties amounted to SEK 53,218 million (42,573).
- During the period, 15 properties (17) were acquired for SEK 4,264 million (1,423) and
15 properties (10) were divested for SEK 1,112 million (866).
- The strong growth in profit from property management that we have delivered during the year was sustained in the third quarter. Profit from property management for the first nine months rose 16 per cent to SEK 1,276 million, and growth during the period is attributable to several development projects that are now completed and generating cash flows, says Nils Styf.