Hans
- The equity/assets ratio amounted to 45 percent and the loan-to-value ratio was 46 percent.
-
Investment in new construction and reconstruction of properties amounted to
SEK 524 million (653). - On closing day, 830 apartments were under construction.
-
Rental income amounted to
SEK 719 million (660). -
Income from property management amounted to
SEK 270 million (265). -
Changes in value of investment properties amounted to
SEK -15 million (5). -
Changes in value of financial instruments amounted to
SEK 238 million (-247). -
Profit before tax amounted to
SEK 441 million (69) and profit after tax amounted toSEK 333 million (48), equivalent toSEK 0.5 per share (0.1). -
Net asset value per share amounted to
SEK 56.80 , compared toSEK 56.20 onDecember 31, 2023 .
Comment from Hans Wallenstam, CEO:
"It is extremely gratifying to be able to tell you that we will start a new construction project in Årstaberg, Stockholm, during the second quarter. In our role as an urban developer, we both want to and have a responsibility to help provide new homes in a market with a severe housing shortage. We have the financial strength required, and not least, we have a well-developed, cost-efficient process."
"Income from property management is on a par with the same quarter last year, despite the fact that our interest expenses have increased by almost
For the complete report, please refer to the attached PDF.
For further information, please contact:
Susann Linde, CFO and Head of Investor Relations
www.wallenstam.se
This is information that Wallenstam is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around
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