Press Releases

Interim Report January - June: Strong cash flow enables development

An increase in profit from property management by 16 percent generates a capacity to continue strengthening Catena’s position through further investment and active project development.  

8 July 2019, 8.00 a.m

  •  Rental income increased by 11 percent to SEK 585.0 million (527.5).
  •  The net operating surplus increased by 15 percent to SEK 455.1 million (396.6).
  •  Profit from property management increased by 16 percent to SEK 317.9 million (274.2).
  •  Profit for the period increased to SEK 507.5 million (371.2), corresponding to earnings per share of SEK 13.46 (9.92), including changes in value of SEK 324.6 million (108.9).
  •  Net asset value per share, EPRA NAV, increased to SEK 182.01 (156.40).

- Catena is growing through project development, both by establishing new strategic logistic positions and by refining and developing existing properties. With our 110 logistic facilities, we perceive continuous potential to adapt and refine the conditions of each property, says Benny Thögersen, CEO at Catena.

- The remaining investment volume in our ongoing project portfolio is SEK 600 million in new and existing properties and we are experiencing pressure from continued high demand. The market conditions for logistics space are good, and this is evident in the disscussions we are conducting, says Benny Thögersen, CEO at Catena. 

At 10:00 a.m. on 8th July, the webcast will commence for the interim report for January-June 2019.

Follow the webcast via this link https://tv.streamfabriken.com/catena-fastigheter-q2-2019 
Dial-in: Sweden: +46850558356, UK: +443333009267, US: +18335268347


For further information, please contact:

Benny Thögersen, CEO                                             
Tel. +46 706-60 83 50                                               
benny.thogersen@catenafastigheter.se              

Peter Andersson, Deputy CEO and CFO 
Tel. +46 730-70 22 44
peter.andersson@catenafastigheter.se

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Contacts

Peter Andersson
Deputy CEO, CFO  
+46(0) 42-449 22 44  
peter.andersson@catenafastigheter.se
Benny Thögersen
CEO  
+46(0)70-660 83 50  
benny.thogersen@catenafastigheter.se