Strong net lettings and development laid foundation for highly favourable earnings

2/2/2012 5:00 AM EST

· Net lettings amounted to SEK 130m (27).
· Profit from property management amounted to SEK 564m (782), and rental income amounted to SEK 1,804m (2,007). The year-on-year change was due to net sales of properties and higher market interest rates.
· Unrealised changes in value amounted to SEK 1,093m (843) on properties and SEK –397m (106) on interest-rate derivatives.
· After-tax profit for the year amounted to SEK 1,141m (1,697), corresponding to earnings per share of SEK 7.01 (10.38).
· The equity-assets ratio remained unchanged at 39 per cent and the loan-to-value ratio declined to 57 per cent.
· The Board of Directors proposed a dividend of SEK 3:00 per share (3.00).

“Positive net lettings and development of the property portfolio enabled us to create the foundation for strong income and value growth ahead ,“ Christian Hermelin Fabege’s CEO says. I am particularly pleased to see that our employees’ initiatives make a difference.

“Although uncertainty concerning the...

Fabege sells residential development rights

1/9/2012 9:00 AM EST

Fabege has divested the forthcoming development rights for residential properties in Alvik (Racketen 11) and Solna (Styckjunkaren 4) to Peab and JM, respectively. While the...

Mall of Scandinavia – Another key component in place for Arenastaden’s continued development

12/23/2011 1:00 AM EST

As part of a transaction with Unibail-Rodamco, Fabege’s co-owned company Råsta Holding has divested land worth SEK 630m for the construction of the Mall of Scandinavia shopping...

The Administrative Court is trying new case concerning tax evasion

12/21/2011 7:00 AM EST

The Administrative Court is trying additional case under the Swedish Tax Evasion Act for Fabege. The additional tax assessment amounts to SEK 856m and a tax demand of SEK 240m....

NASDAQ OMX extends lease with Fabege

12/20/2011 9:00 AM EST

NASDAQ OMX has made the decision to remain as a long-term tenant in the Ladugårdsgärde 1:48 property, in Norra Djurgårdsstaden. NASDAQ OMX, which rents most of the property...

Via a jointly owned company, Fabege issues bonds under a new MTN programme with a limit of SEK 5,000m

12/13/2011 9:00 AM EST

Through the jointly owned finance company, Svensk FastighetsFinansiering AB (SFFAB), Fabege is exercising the opportunity to raise SEK 289m by issuing a three-year bond in the...

Fabege sells leasehold in Hammarby Sjöstad

12/9/2011 4:30 AM EST

Fabege has sold the leasehold on the Påsen 8 property in Hammarby Sjöstad, Stockholm. The purchasers are Skanska and Ikano Bostad. The sale will occur in the form of a company...

Fabege welcomes a hotel unlike any other to Hammarby Sjöstad

12/8/2011 10:00 AM EST

Fabege has signed a 15-year lease with the Tastsinn Group. The lease pertains to a newly built hotel in Hammarby Sjöstad at an annual rent of slightly more than SEK 17m. The hotel...

The Administrative Court is trying one new case concerning tax evasion

11/28/2011 7:00 AM EST

The Administrative Court is trying one additional case under the Swedish Tax Evasion Act for Fabege. The additional tax assessment amounts to SEK 415m and a tax demand of SEK...

Fabege sells Kåkenhusen 38 in Stockholm city

11/25/2011 10:45 AM EST

Fabege has sold the Kåkenhusen 38 property in Stockholm city to Hufvudstaden. The property has a total lettable area of approximately 6,700 sqm in the form of office and...

Fabege invests SEK 183m in Arenastaden

11/24/2011 4:30 AM EST

Fabege acquires the Farao 8 property from Sireo Immobilienfonds, Luxembourg. The rental value amounts to SEK 15m and the occupancy rate to 30 per cent on the date of acquisition....

Interim Report January–September 2011

10/26/2011 2:00 AM EST

· Net lettings amounted to SEK 111m (6).
· After-tax profit for the period amounted to SEK 728m (1,091), corresponding to earnings per share of SEK 4.47 (6.67).
· Profit from...

Svea Ekonomi to lease Fabege property in Arenastaden

10/10/2011 2:00 AM EST

Fabege has signed a six-year lease agreement with Svea Ekonomi in Sjökvarteret, Arenastaden, Solna. The leases applies to 10,195 square metres of office space. The property is...

Fabege’s Nominating Committee for AGM 2012

9/29/2011 2:00 AM EST

At Fabege's AGM on March 30, 2011 it was decided that the Nominating Committee will comprise representatives of the four largest shareholders. The names of the Nominating...

Fabege hedges interest in its loan portfolio

8/22/2011 10:00 AM EST

On the basis of the current low rates of long-term interest, Fabege has chosen to hedge some of the interest rates of its loan portfolio by entering interest-swap agreements...

Fabege launches share buy-back

8/8/2011 7:00 AM EST

Fabege AB (publ) has started the share buy-back programme approved by the Annual General Meeting on 30 March 2011. The AGM authorised the Board for a period no later than the next...

Interim Report January–June 2011

7/7/2011 1:00 AM EST

· After-tax profit for the period improved to SEK 656m (501), corresponding to earnings per share of SEK 4.03 (3.05).
· Profit from the Property Management declined to SEK 270m...

Fabege lets premises in Kungsholmen to Swedish Contingencies Agency

7/5/2011 2:00 AM EST

Fabege has signed a six-year lease with the Swedish Contingencies Agency, which is to let premises in the Klamparen 10 property, Fleminggatan in Stockholm. The lease pertains to...

Fabege sells property in Märsta

6/22/2011 2:00 AM EST

Fabege has divested the Märsta 15:5 property for a sales consideration of SEK 30m. The property comprises 90,000 sqm of undeveloped land. The purchaser is Sigtuna...

Swedish Football Association to relocate to Arenastaden, Solna

6/8/2011 2:00 AM EST

Fabege has signed a 15-year lease with the Swedish Football Association (SFA) pertaining to the Uarda 1 property in...

Fabege sells property in Ulvsunda

5/25/2011 3:40 AM EST

Fabege has sold the Induktorn 33 property in Ulvsunda, Stockholm, for SEK 100m. The purchaser is the Stockholm city....

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Fabege AB (publ) is one of the leading real estate companies in Sweden, focusing on commercial premises and property development. The activity is highly concentrated to markets with high growth in the Stockholm region, m...

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