Brief: Oscar Properties Q1 Rental Income Down At SEK 68.4 Mln

Oscar Properties Holding AB

01/07/2024 08:51

July 1 (Reuters) - Oscar Properties Holding AB  OP.ST :
    * SAID ON FRIDAY Q1 NET SALES SEK 70.2 MLN VS SEK 133.9 MLN
YR AGO
    * Q1 RENTAL INCOME SEK 68.4 MLN VS SEK 120.4 MLN YR AGO 
    * Q1 LOSS FROM PROPERTY MANAGEMENT SEK 59.5 MLN VS LOSS SEK
57.0
MLN YR AGO
    * Q1 CHANGES IN PROPERTY VALUATION LOSS SEK 64.2 MLN VS
PROFIT SEK
161 MLN YR AGO
    * THE GROUP'S NET LOAN-TO-VALUE RATIO AS OF MARCH 31, 2024
EXCEEDS
100 PERCENT GIVEN CURRENT VALUES ​​(70.7)
    * DURING Q1, GROUP HAS AMORTIZED SEK 2,290.1 MILLION
    * SAYS TRANSACTION MARKET HAS BEEN SLUGGISH DURING Q1, WHICH
HAS
MEANT THAT NOT ALL TRANSACTIONS ARE COMPLETED
    * STRAINED LIQUIDITY SITUATION POSES GREAT UNCERTAINTY FOR
THE
COMPANY'S ABILITY TO CONTINUE OPERATIONS


            
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