Real estate company Neobo reported an increase in profits from property management in the third quarter compared to the same period last year.
Rental income amounted to SEK 227 million (224), an increase of 1.3% compared to the previous year.
Net operating income was SEK 133 million (140), down 5.0% compared to the same period last year.
Profit from property management amounted to SEK 55 million (52), an increase of 5.8% compared to the previous year. This increase is explained by rising incomes and falling median incomes.
Administrative costs.
The total change in the value of the real estate portfolio amounted to SEK -18 million (-392).
Profit after tax amounted to SEK -101 million (-452).
Earnings per share amounted to SEK -0.69 (-3.11).
The net asset value per share was SEK 44.89 (48.60).
Neobo, million SEK Q3 2024 Q3 2023 Change in rental income 227 224 1,3% Net operating income 133 140 -5,0% Income from property management 55 52 5,8% Change in real estate value , total -18 -392 Net result – 101 -452 Earnings per share, SEK -0,69 -3,11 Net asset value per share, SEK 44,89 48,60 -7,6%
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