Brief: Atrium Ljungberg Q3 Rental Income Rises To SEK 741 Million

Atrium Ljungberg AB

11/10/2024 07:38

Oct 11 (Reuters) - Atrium Ljungberg AB  ATRLJb.ST :
    * Q3 LOAN TO VALUE 40.1% VERSUS 41.8% YEAR AGO
    * Q3 RENTAL INCOME SEK 741 MILLION VERSUS SEK 700 MILLION
YEAR AGO
    * Q3 PROFIT FROM PROPERTY MANAGEMENT SEK 365 MILLION VERSUS
SEK
366 MILLION YEAR AGO
    * Q3 UNREALISED CHANGES IN VALUE OF PROPERTIES SEK 75
MILLION
VERSUS LOSS SEK 454 MILLION YEAR AGO
    * THERE IS NET OPERATING INCOME FROM COMPLETED PROJECTS AND
WE END
UP WITH A SURPLUS RATIO IN THE QUARTER
    * WE SEE INCREASING FINANCING COSTS AFTER MAJOR LOAN
MATURITIES
    * OUTLOOK: THERE IS STILL SOME UNCERTAINTY RELATED TO THE
POST-PANDEMIC UTILIZATION RATE
    * WE CONTINUE TO SELL IN LINE WITH THE  THE MARKET, BUT WE
NEED TO
INCREASE THE PACE OF SALES TO BE IN LINE  WITH OUR EXPECTATIONS
    * Q3 NET LETTING EXCLUDING OWN CANCELLATIONS SEK 51 MILLION
VERSUS
SEK 42 MILLION YEAR AGO
    * DIVIDEND POLICY: ABOUT ONE THIRD OF INVESTMENT INCOME 
DISTRIBUTED, UNLESS INVESTMENTS OR FINANCIAL POSITION JUSTIFY
OTHERWISE

Source text for Eikon:  ID:nWkr2h7yLz 
Further company coverage:  ATRLJb.ST 

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