Year-end report 2019: Record high net lettings and continued increase in income from property management for Wihlborgs
- Rental income increased 11 percent to SEK 2,983 million (2,684)
- Operating surplus rose 10 percent to SEK 2,140 million (1,941)
- Income from property management grew 26 percent to SEK 1,775 million (1,406)
- Profit for the period totalled SEK 2,923 million (2,403), corresponding to earnings per share of SEK 19.02 (15.63)
- The Board of Directors proposes a dividend of SEK 4.50 (3.75) per share.
“2019 was a very active year for Wihlborgs. We have never previously signed so many leases or achieved such a high level of net lettings. We have also never conducted so many purchases and sales of properties and we have never previously invested as much in projects. We are proud of all of the above,” says Ulrika Hallengren, CEO of Wihlborgs.
“Our strong net lettings, SEK 95 million for the year and SEK 20 million for the fourth quarter, indicate continued healthy demand and a continuation of the region’s strong development. Our strong income from property management together with the substantial value increases for our properties, SEK 1,023 million in the fourth quarter, mean we have the right preconditions for yet another active year where we, together with our customers, continue to develop Wihlborgs and the Öresund region.”
Wihlborgs Fastigheter AB (publ)
At 11:00 a.m. today, CEO Ulrika Hallengren and Arvid Liepe will present the report at Helio GT 30 in Stockholm. The presentation can be followed by webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q4-2019) or telephone +46 8 505 583 58 or +44 3333 009 272 (UK)
Link to webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q4-2019)
This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the below contact people on 11 February 2020, at 7:30 a.m. CET.
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen. In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.
The book value of the company’s properties totals SEK 45,5 billion, representing an annual property rental value of SEK 3.3 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.