Interim report CA Fastigheter AB (publ) January-March 2024
- Rental income increased by 9% to MSEK 222 (203).
- The operating surplus increased by 14% to MSEK 143 (125), giving a surplus ratio of 64.4 (61.8) %.
- Profit from property management decreased by 3% and amounted to MSEK 78 (80). The decrease is mainly due to an increased financial expense.
- Profit from project activities amounted to MSEK 0 (23).
- The market value of the properties amounted to MSEK 14,573 (15,191). CA Fastigheter does not market value the properties continuously during the year, increased value from year end 2023 refers to investments and exchange rate fluctuations.
- Profit after tax amounted to MSEK 99 (48). The increase is mainly due to changes in the value of derivatives.
Significant events during January – March 2024:
– In February, CA Fastigheter appointed Malin Claesson Stenström as its new CEO. Malin will take up her position in connection with Andreas von Hedenberg’s resignation on April 30, 2024. Malin is part of the fourth generation of the owner family and currently holds the position of Regional Manager in Stockholm for CA Fastigheter.
– CA Fastigheter has issued a senior unsecured green bond in an amount of SEK 500 million with a tenor of three years and will carry a floating interest rate of STIBOR 3m plus 225 basis points per annum. The bond issue took place on 28 March 2024. CA Fastigheter intends to apply for admission to trading of the bond on the sustainable bond list of Nasdaq Stockholm. In connection with the issuance of a new bond, an early redemption of the previous green bond of SEK 500 million has been made.
For further information, please contact:
Andreas von Hedenberg, CEO
+4673-965 58 19, andreas.von.hedenberg@cafastigheter.se
Caroline Menninge, CFO
+4670-534 25 86, caroline.menninge@cafastigheter.se