Brief: Corem Property Q4 Net Loss Narrows To SEK 3,065 Million

Corem Property AB

21/02/2024 07:17

Feb 21 (Reuters) - Corem Property Group AB  COREa.ST :
    * IS PROPOSING A DIVIDEND OF SEK 0.10 (0.40) PER ORDINARY
SHARE OF
CLASS A AND B
    * FY CHANGES IN VALUE OF PROPERTIES SEK -8,476 MILLION
VERSUS SEK
-2,934 MILLION YEAR AGO
    * IS PROPOSING A DIVIDEND OF 20.00 (20.00) PER ORDINARY
SHARE OF
CLASS D AND PREFERENCE SHARE
    * Q4 PROFIT FROM PROPERTY MANAGEMENT SEK 223 MILLION VERSUS
SEK
329 MILLION YEAR AGO
    * Q4 NET LOSS SEK 3,065 MILLION VERSUS LOSS SEK 3,543
MILLION YEAR
AGO
    * REDUCED INTEREST-BEARING LIABILITIES TO SEK 33.6 BILLION
AT END
OF YEAR
    * Q4 LOAN-TO-VALUE RATIO 55% VERSUS 57% YEAR AGO
    * Q4 NET LETTING SEK -7 MILLION VERSUS SEK 4 MILLION YEAR
AGO
    * Q4 INTEREST COVERAGE RATIO 1.7 VERSUS 2.0 YEAR AGO
    * FOCUS GOING FORWARD TO TRIM, OPTIMIZE BIZ, IMPROVE
PROPERTY
PORTFOLIO OCCUPANCY RATE, OPERATING MARGIN

Source text for Eikon:  ID:nWkrb0ds1f 
Further company coverage:  COREa.ST 

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