REPORT SUMMARY
Financial summary for the period 1 July 2015 - 31 December 2015.
- Rental Income for the period amounts to 40 266 kSEK.
- Profit from Property Management for the period amounts to 28 479 kSEK, equal to 6,20 SEK per share.
- The properties unrealised change in market value for the period amounts to 121 000 kSEK. Change in market value on derivatives for the period amounts to -4 618 kSEK.
- Net Income for the period amounts to 112 863 kSEK, equal to 24,54 SEK per share.
Financial summary for the period 1 January 2015 - 31 December 2015.
- Rental Income for the period amounts to 80 519 kSEK.
- Profit from Property Management for the period amounts to 57 424 kSEK, equal to 12,49 SEK per share.
- The properties unrealised change in market value for the period amounts to 121 000 kSEK. Change in market value on derivatives for the period amounts to -5 000 kSEK.
- Net Income for the period amounts to 135 169 kSEK, equal to 29,38 SEK per share.
Important events during the period
- The annual external valuation determined the value of the property to be 1 196 mSEK, resulting in an unrealised increase in value of 121 mSEK. The board of directors propose a dividend to the shareholders amounting to 9,80 SEK per share for the financial year 2015 with payments each quarter of 2,45 SEK per share.
For more detailed information please find attached the Year-End Report.
Stockholm 2016-02-29
For additional information, please contact:
Daniel Torberger, CFO
+ 46 70-378 50 07
daniel.torberger@hestia.se
Stefan Björkqvist, CEO
+46 70-415 84 18
stefan.bjorkqvist@hestia.se
Or visit the company's website: www.saltangenpropertyinvest.se
The following documents can be retrieved from beQuoted
Saltangen Property Invest Pressrelease 2016-02-29 English.pdf
Saltangen Property Invest Bokslutskommunike 2015 Swedish.pdf
Saltängen Property Invest AB (publ) is a Swedish property company that indirectly owns and manages the property Saltängen 1 in Västerås. The property is a warehouse and office building, that was built in 1975 and subsequently developed in two phases in 1990 and 2003, and has a total lettable area of approximately 104,726 square meters. The property is fully let to ICA Fastighets Sverige AB until 30 September 2022. Saltängen Property Invest is listed on the Nasdaq Stockholm First North with Wildeco as Certified Adviser.
