Wihlborgs Interim report quarter 1 2009

  • Rental income increased by 8 per cent to SEK 311 million (287)
  • Net operating income increased by 10 per cent to SEK 216 million (197)
  • The income from property management  increased to SEK 109 million (108)
  • The result of the period was SEK 81 million (117) and earnings per share SEK 2,24 (3,13)
  • New lease agreements amounts to SEK 29 million (31)
  • The yield on buildings held for investment purposes is now 7.0 per cent compared with 6.9 per cent at the turn of the year

“We have been successful in improving our management result, despite the fact that we are in the middle of a recession,” says Anders Jarl, CEO, Wihlborgs Fastigheter. “Lease levels remain stable and there is more or less a balance between the supply of and demand for premises.”

 “The yield from our offices is 6.5 per cent with a 95 per cent let and our industrial and warehouse premises produce a yield of 6.5 per cent with a 92 per cent let. Bearing in mind the modern stock we have, these are very strong figures, concludes Anders Jarl.”

Wihlborgs Fastigheter AB (publ)

Presentation Q1, 2009

CEO Anders Jarl will present the report via a telephone conference today 23 April. The presentation will take place in Swedish at 09.00 CET and in English at 09.45. To join please phone + 44 (0) 20 8817 9301 or + 46 (0) 8 5052 0270.

More information at www.wihlborgs.se or www.financialhearings.com