Increased rental income and improved net operating income were offset by higher interest expenses. Lower negative value changes in the property portfolio meant that results before and after tax improved significantly.
Invitation to Fabege’s presentation of the interim report Jan-Jun 2024
On Friday 5 July 2024 at 07:00 (CET), Fabege’s interim report Jan-Jun 2024 will be published. Investors, analysts, journalists, and other stakeholders are invited to participate in an audiocast and teleconference at 10:30 (CET) the same day
Fabege renegotiates and extends lease with Telia in Arenastaden
Fabege and Telia have agreed on certain changes in their lease agreement, which mean that Telia will reduce its leased area. The rent level is adjusted and the agreement extended for a further 9 months until 31 December 2031. The new agreement enters into force on 1 October 2024.
Increased rental income and improved net operating income wre met by higher interest costs. Continued increased yield requirement led to unrealised changes in value amounting to SEK -1,381m. Net lettings were negative, SEK -36m but new leases continue to be signed at good levels and a a large proportions of leases thar are renegotiated are extended on existing terms.
Fabege has signed an agreement with the domestic appliances company BSH Home Appliances AB regarding a new office and showroom for its Bosch, Siemens, NEFF and Gaggenau brands in Solna Business Park. In total, the agreement is for just over 4,300 square metres of floorspace at the corner of Svetsarvägen. The agreement has a duration of 10 years.
Resolutions by Fabege’s Annual General Meeting on 9 April 2024
At Fabege AB’s Annual General Meeting on 9 April 2024, the meeting fixed the Board’s dividend proposal for 2023 at SEK 1.80 per share, to be paid on four occasions (SEK 0.45 per share on each occasion). Furthermore, it was decided that the record date for receiving the dividend will be 11 April 2024, 2 July 2024, 4 October 2024 and 8 January 2025, which means that payment is expected to be issued by Euroclear Sweden AB on on 16 April 2024, 5 July 2024, 9 October 2024 and on 13 January 202.
Notice convening the Annual General Meeting of Fabege AB (publ)
Shareholders of Fabege AB (publ) are hereby invited to attend the Annual General Meeting on Tuesday 9 April 2024. The Annual General Meeting will be held at 3:00 pm at Filmstaden Scandinavia, Westfield Mall of Scandinavia, Salong 2, Råsta Strandväg 19A, Solna, Sweden. Registration for the Annual General Meeting begins at 2:15 pm