Brief: Castellum Q1 Loan-To-Value Ratio Up At 38.2%

Castellum AB

03/05/2024 07:19

May 3 (Reuters) - Castellum AB  CAST.ST :
    * Q1 CHANGES IN VALUE OF INVESTMENT PROPERTIES FOR PERIOD
TOTALLED
SEK -1,019 M (-5,968)
    * Q1 NET INVESTMENT TOTALLED SEK 235 M (413)
    * SAYS AS EXPECTED, THE FIGHT AGAINST INFLATION LED TO 
LOWER
GROWTH IN THE NORDIC ECONOMY
    * Q1 LOAN-TO-VALUE RATIO WAS 38.2 PER CENT (37.4)
    * VALUE OF PROPERTY PORTFOLIO AMOUNTED TO SEK 137.2 BN
(137.6) AT
END OF Q1
    * SAYS CASTELLUM HAS BEEN PREPARED FOR THIS  DEVELOPMENT AND
WILL
MOVE FORWARD WITH A  SHARP CUSTOMER FOCUS AND COST CONTROL
    * SAYS IN WAKE OF STRUGGLE AGAINST INFLATION, WE ARE SEEING
A MORE
HESITANT RENTAL MARKET

Source text for Eikon:  ID:nMFN1wqrJf 
Further company coverage:  CAST.ST 

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