Profit after tax for the period amounted to SEK 705m (240), corresponding to SEK 4.26 per share (1.45). The surplus ratio rose to 70 per cent (68), a record-high first-quarter figure. Profit from property management increased 12 per cent and value growth in both the property management portfolio and the project portfolio contributed to the strong earnings.
“The market trends in the shape of high demand in the rental market, low market interest rates and increasing rent levels have now gained momentum and became even more pronounced at the start of the current year. The activity we are experiencing in the market and the figures we are now reporting reflect continued positive performance by Fabege,” says Christian Hermelin, CEO of Fabege.
The market is characterised by increased interest in property investments and good access to capital.
“The strong property market is exerting downward pressure on the yield requirements, and I am convinced that we will soon see record levels, adds Christian Hermelin, CEO of Fabege.
Fabege AB (publ)