Interim report jan-sep 2023: Record high rental income

10/24/2023 5:30 AM

Ulrika Hallengren, CEO of Wihlborgs, comments on the third quarter:

- Third quarter rental income amounted to SEK 977 million, up 15 percent year-on-year. This was also a record for Wihlborgs in terms of revenue for a single quarter. We managed to once again post positive net lettings, up SEK 15 million, and we are proud of the extended positive trend, which now stands at 34 quarters in a row. We see a continued high level of activity in our market with many new lettings and a large volume of offers which indicates a demand in the future as well.

- The operating surplus for the third quarter amounted to SEK 715 million, up 20 percent year-on-year. This is the second highest operating surplus for a single quarter, and is only surpassed by the second quarter this year. The surplus ratio for the quarter was 73.2 percent compared with 70.0 percent last year, and it is satisfying that various cost measures have yielded results.

- We maintain our focus on sustainability even in changing times. We have received positive recognition from GRESB where we scored 93 points of a possible 100 in their assessment and were named global leader (GRESB Sector Leader) within the diversified listed office/industrial category. It is also very gratifying to see that our energy consumption per square metre during a normal year corrected nine-month period has declined to 13 percent, which benefits tenants and the climate alike.

Wihlborgs Fastigheter AB (publ)

At 9:00 a.m. today, Ulrika Hallengren and Arvid Liepe will present the interim report via a webcast and telephone conference.

Link to webcast:
https://financialhearings.com/event/46569

This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the following contact people on 24 October 2023, at 7:30 a.m. CEST.

Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen. In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company. The book value of the company’s properties totals SEK 56 billion, representing an annual property rental value of SEK 4.3 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.