Interim report Jan-Sep: Continued recovery of the office market
· Rental income amounted to SEK 2,290 million (2,323), of which SEK 64 million comprised a one-off termination fee. · Operating surplus amounted to SEK 1,658 million (1,699). · Income from property management amounted to SEK 1,372 million (1,411). · Profit for the period amounted to SEK 1,680 million (1,528), corresponding to earnings per share of SEK 10.93 (9.94).
“Numerous and favourable lettings have resulted in positive net lettings for another quarter. These generated total positive net letting for the period of SEK 48 million. Our strong results, strengthened by one-off payments, provide us with a historically strong balance sheet. I can confirm that Wihlborgs’ business model has fared well during the special circumstances we have been faced with during the past 18 months,” says Ulrika Hallengren, CEO of Wihlborgs.
“Three of our four largest leases during the quarter have been to public-sector tenants who contribute stability and continuity. Interest in northeastern Lund, where academia meets entrepreneurship and where Wihlborgs holds a strong position, is considerable. These are two good examples that strengthen our conviction that we are doing the right things in the right places.”
“At Wihlborgs, we work systematically to reduce the impact our properties have on people and the environment. The new EU taxonomy is contributing to clarifying what can be called sustainable property management, but favours new construction over the retention and development of existing properties through its focus on high energy efficiency. From a lifecycle perspective, existing buildings generate the least emissions, which also needs to be highlighted through certification. This is an issue for which we and the industry need to continue to influence.”
Wihlborgs Fastigheter AB (publ)
At 8:30 a.m. CEST today, Ulrika Hallengren and Arvid Liepe will present the interim report in a telephone conference via telephone or webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q3-2021).
SE: +46 850 55 83 53
UK: +44 333 300 92 64
Link to webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q3-2021).
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 following contact people on 22 October 2021, at 7:30 a.m. CEST.
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 47.7 billion, representing an annual property rental value of SEK 3.3 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.