Interim Report January – June 2022: Uniquely positioned for the future
Catena continued to deliver a stronger performance, driven by rent increases, acquisitions and new projects. Along with a strong financial position and satisfactory safety margins in the projects, this provides flexibility and unique future opportunities.
7 July 2022, 08:00 CEST.
- Rental income rose by 13 percent to SEK 760 million (673).
- The net operating surplus increased by 12 percent to SEK 605 million (538).
- Profit from property management rose by 19 percent to SEK 474 million (399).
- The change in value of properties amounted to SEK 1,305 million (880).
- Profit for the period increased to SEK 1,860 million (1,102), corresponding to earnings per share of SEK 43.04 (27.87).
- The long-term net asset value EPRA NRV per share rose to SEK 372.15 (278.40).
Catena’s CEO Jörgen Eriksson comments on the interim report:
- Catena is in a strong position with a modern portfolio in attractive locations along with a land bank which provides unique conditions for future growth. Since in many cases we acquire land at an early stage and then take a long-term approach through the zoning plan process, we can ensure an attractive yield on the completion of new facilities.
- I am delighted that we signed a contract during the quarter with the leading Nordic electronics retailer, Elgiganten, for an 86,600 m² logistics facility in Jönköping. This project is one of the largest in Catena's history. Together with Elgiganten, we have set high sustainability goals. In addition to BREEAM Excellent certification, there is the potential for a larger solar power installation on the roof and new initiatives in biodiversity. We also hope that the facility will become one of Sweden’s largest WELL-certificated logistics facilities.
At 10.00 CEST today, the webcast will commence for the interim report for January-June 2022.
Follow the webcast via link: https://tv.streamfabriken.com/catena-fastigheter-q2-2022
Dial-in: Sweden: SE: +46850558359 UK: +44 3333000804 US: +16319131422 PIN UK: 45726251# US: 45726251#
For further information, please contact
Jörgen Eriksson, CEO, Tel. 0730-70 22 42, jorgen.eriksson@catenafastigheter.se
Sofie Bennsten, Deputy CEO and CFO, Tel. 0730-70 22 41 sofie.bennsten@catenafastigheter.se
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This disclosure contains information that Catena is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 07-07-2022 08:00 CET.
