- After-tax profit for the period improved to SEK 378m (161), corresponding to earnings per share of SEK 2.32 (0.98).
- Profit from Property Management declined to SEK 113m (181), and rental income declined to SEK 446m (518) as a result of net sales of properties and higher market interest rates.
- Earnings before tax from Property Management amounted to SEK 348m (237) and from Property Development to SEK 56m (40).
- The equity/assets ratio amounted to 39 per cent (33).
“The first quarter was a good period for Fabege. The trend in the rental market remained favourable, demand for modern office premises in prime locations is still healthy and rent levels are rising moderately,” says Christian Hermelin, Fabege’s CEO.
“Given the positive market trend in Stockholm, I am convinced that declining vacancy rates and increased project investments will contribute to favourable income growth in Fabege,” Christian Hermelin concludes.
Fabege AB (publ)