Brief: SBB Q1 Rental Income SEK 830 Mln

Samhallsbyggnadsbolaget I Norden AB

13/05/2025 06:43

May 13 (Reuters) - Samhallsbyggnadsbolaget I Norden AB SBBb.ST:

Q1 RENTAL INCOME SEK 830 MILLION

Q1 ADJUSTED OPERATING CASH FLOW SEK -41 MILLION

Q1 NET OPERATING INCOME AMOUNTED TO SEK 510M, UP 4.3% IN COMPARABLE PORTFOLIOS

Q1 PROFIT FROM PROPERTY MANAGEMENT AMOUNTED TO SEK 81M

INCOME AND NET OPERATING INCOME ARE LOWER THAN IN PREVIOUS YEAR DUE TO SBB BEING NET SELLER OF ASSETS IN ORDER TO IMPROVE ITS FINANCIAL POSITION

WILL CREATE TWO NEW WHOLLY OWNED COMPANIES TO FURTHER SPECIALIZE AND CAPITALIZE ON MARKET OPPORTUNITIE

FIRST COMPANY, SBB SAMHÄLLE, WILL CONTINUE TO FOCUS ON MANAGING AND DEVELOPING OUR CASH-FLOW GENERATING PROPERTIES IN COMMUNITY BUSINESS AREA

SECOND COMPANY, SBB UTVECKLING, WILL ENCOMPASS PROPERTIES THAT REQUIRE GREATER INVESTMENTS IN ORDER TO REALIZE THE FULL POTENTIAL OF EACH PROPERTY

Source text: ID:nMFN3h4JKG

Further company coverage: SBBb.ST

 (Gdansk Newsroom)

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