Castellum AB (publ) : Castellum's Year-end Report 2012: 7% growth in income from property management and dividend
* Rental income for 2012 amounted to SEKm 3,073 (SEKm 2,919 corresponding
period previous year).
* Income from property management amounted to SEKm 1,255 (1,173), equivalent
to SEK 7.65 (7.15) per share, a increase with 7%.
* The changes in value on properties amounted to SEKm -69 (194) and on
interest rate derivatives to SEKm -110 (-429). Reduced corporate tax has
resulted in a non-recurring income of SEKm 647 in addition to the usual tax.
* Net income after tax for the year amounted to SEKm 1,473 (711), equivalent
to SEK 8.98 (4.34) per share.
* The net investments amounted to SEKm 2,545 (1,908) of which SEKm 1,279
(1,158) were new constructions, extensions and reconstructions.
* The Board proposes a dividend of SEK 3.95 (3.70) per share, corresponding to
an increase of 7%.
* Deputy CEO Henrik Saxborn is appointed as new CEO after HÃ¥kan HellstrÃ¶m who
leaves his position in connection with the Annual General Meeting March
Gross leasing (i.e. the annual value of total leasing) during the year was SEKm
327 (310), of which SEKm 79 (45) were leasing of new constructions, extensions
and reconstructions. Notices of termination amounted to SEKm 278 (249), of which
bankruptcies were SEKm 28 (18) and SEKm 40 (24) were notices of termination with
more than 18 months remaining length of contract. Hence net leasing for the year
was SEKm 49 (61) of which SEKm 6 (-8) relates to the fourth quarter isolated.
"It is pleasant to show 7% growth in both income from property management as
well as dividend, especially since this is my last report as CEO of Castellum"
comments CEO HÃ¥kan HellstrÃ¶m.
Enclosure: Year-end Report 2012
For further information, please contact
HÃ¥kan HellstrÃ¶m, CEO, phone +46 31 60 74 00 / mobile +46Â 705-60 74 56
Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile
+46Â 706-47 12 61
Castellum is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to approx. SEK 36 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.6 million sq.m. The real estate portfolio is
owned and managed by six wholly owned subsidiaries with strong local roots in
five growth regions: Greater Gothenburg, the Ã–resund Region, Greater Stockholm,
MÃ¤lardalen and Eastern GÃ¶taland.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
Year-end Report 2012:
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Source: Castellum AB (publ) via Thomson Reuters ONE