50th consecutive quarter of growth in income from property management
(Thomson Reuters ONE) - - Rental income for the period January - September 2009 amounted toSEKm 2,022 (SEKm 1,849 corresponding period previous year).- Income from property management improved by 19% to SEKm 882 (739),equivalent to SEK 5.38 (4.51) per share.- The changes in value on properties amounted to SEKm -953 (-791) andon interest rate derivatives to SEKm 102 (-195).- Net income after tax for the period amounted to SEKm 17 (-172),equivalent to SEK 0.10 (-1.05) per share.- The investments amounted to SEKm 849 (2,221).- The total value of the properties amounted to SEKm 29,061 (29,165at the end of previous year) with a loan to value ratio of 52% (50%).Income from property management for the period, i.e. net incomeexcluding changes in value and tax, amounted toSEKm 882 (739), equivalent to SEK 5.38 (4.51) per share. Theimprovement is 19% and above all an effect oflower interest rates, but also higher rental incomes and investmentsmade have had a positive effect. The net leasingamounted to SEKm -27 (70). During the period investments totallingSEKm 849 (2,221) were made.During the period, changes in value on properties and derivativesamounted to, respectively, SEKm -953 (-791)and SEKm 102 (-195)."Growth in income from property management of 19% during a recessionis fantastic, but one must take into consideration the record lowinterest rate levels and that the effect of the negative net leasingnot yet has been seen in the result." comments CEO Håkan Hellström.An election committee has been appointed in accordance to the AnnualGeneral Meeting's decision. The election committee is formed by:Maj-Charlotte Wallin representing AFA Försäkring, Paul Frentroprepresenting Stichting Pensioenfonds ABP, Lars-ÿke Bokenbergerrepresenting AMF Pension and the Chairman of the Board JanKvarnström.Enclosure: Interim Report January - September 2009Castellum is one of the major listed real estate companies in Sweden.The fair value of the real estate portfolio amounts to SEK 29billion, and comprises premises for office, retail, warehouse andindustrial purposes. The real estate portfolio is owned and managedby six wholly owned subsidiaries with strong local roots in fivegrowth regions: Greater Gothenburg, the ÿresund Region, GreaterStockholm, Mälardalen and Eastern Götaland. Castellum is listed onNASDAQ OMX Stockholm AB Large Cap.For further information, please contactHåkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile +46 706-47 12 61or visit www.castellum.seCastellum AB (publ) discloses the information provided hereinpursuant to the Securities Markets Act and/or the FinancialInstruments Trading Act.http://hugin.info/1042/R/1347751/324144.pdfhttp://hugin.info/1042/R/1347751/324145.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.10.2009 - 11:43 Uhr
Sprache: Deutsch
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