Real estate company Stendren reported an increase in profit from property management in the third quarter compared to the same period last year. Rental income increased and property value changes were positive. The end result was a profit.
Rental income amounted to SEK 220 million (214), an increase of 2.8% compared to the previous year.
Eric Langer, CEO This shows that the situation is increasing.”
During the quarter, Stendrren also signed new lease agreements with an annual rental value of approximately SEK 19 million. These consist of both renegotiated leases and leases with new tenants.
Net operating income was SEK 185 million (174).
Profit from property management amounted to SEK 81 million (69), an increase of 17.4% compared to the previous year.
The total change in the value of the real estate portfolio amounted to SEK 59 million (-128). The total change in the value of derivatives amounted to SEK 96 million (-21).
Pre-tax profit was SEK 44 million (-79).
Profit after tax amounted to SEK 48 million (-64) or SEK 1.22 per share (-2.73).
The net asset value per share was SEK 192.45 (185.85).
“Looking forward, we expect net operating income to increase by approximately SEK 70 million as ongoing and recently completed projects that did not yet have time to generate income during the reporting period will be leased, completed and occupied. ” said Ranje.
Stenderen, million SEK Q3 2024 Q3 2023 Change in rental income 220 214 2.8% Net operating income 185 174 6.3% Income from property management 81 69 17.4% Change in real estate value, total 59 -128 Total Change derivative value -96 -21 Profit before tax 44 -79 Net income 48 -64 Earnings per share, SEK 1,22 -2,73 Net asset value per share, SEK 192,45 SEK 185,85 3,6%
Source link
