Kategori: CA Fastigheter AB

Interim report CA Fastigheter AB (publ) January-September 2025

 

· Rental income increased by 10% and amounted to MSEK 744 (674).

· Net operating income increased by 9% to MSEK 493 (454), giving a surplus ratio of 66.2% (67.3%).

· Profit from property management increased by 25% and amounted to MSEK 290 (232), mainly due to increased earnings from associated companies in connection with the sale of shares.

· Profit from project activities amounted to MSEK 0 (2).

· The market value of the properties amounted to MSEK 15,404 (14,632) CA Fastigheter does not market value the properties continuously during the year, increased value from year end 2024 refers to investments and exchange rate fluctuations.

· Profit after tax amounted to MSEK 196 (100). The increase is mainly due to an increased profit from property management and to changes in the value of derivatives.

 

Significant events during the period July – September 2025:

-The zoning plan for Gasverket Östra in Stockholm has formally gained legal force during the summer. This means that CA Fastigheter can now continue to reuse and modernize the historic buildings in the eastern part of Gasverket and supplement with new construction. The zoning plan allows for the new construction of 190 apartments and approximately 30,000 sqm of space for retail, offices and services to all those who live or work in the area.

-During the period, the ceremonial start of construction has been held for Brf Kvirkelhusen phase 2 in Lomma. Brf Kvirkelhusen 2 is the final stage of the project and will consist of two buildings and a total of 28 apartments.

– CA Fastigheter is constantly working on sustainability and during the period, the properties Jungfrun 2 in Kalmar and Resedan 33 in Borås have been certified according to Miljöbyggnad iDrift.

 

For further information, please contact:

 

Malin Claesson Stenström, VD

+4673-923 97 59, malin.claesson@cafastigheter.se

Caroline Menninge, CFO

+4670-534 25 86, caroline.menninge@cafastigheter.se

• Rental income increased by 10% and amounted to MSEK 494 (454).
• Net operating income increased by 7% to MSEK 327 (305), giving a surplus ratio of 66.2% (67.7%).
• Profit from property management increased by 26% and amounted to MSEK 202 (160), mainly due to increased earnings from associated companies in connection with the sale of shares.
• Profit from project activities amounted to MSEK 0 (0).
• The market value of the properties amounted to MSEK 15,374 (14,572) CA Fastigheter does not market value the properties continuously during the year, increased value from year end 2024 refers to investments and exchange rate fluctuations.
• Profit after tax amounted to MSEK 82 (136). The decrease is mainly due to changes in the value of derivatives.

Significant events during the period April – June 2025:

-The zoning plan for Gasverket Östra in Stockholm was approved earlier this year by the City Planning Committee and the Development Committee. During the period the the zoning plan has been approved by the Municipal Council and legal force is now awaited before the work can begin.

-CA Fastigheter already has a credit rating according to BBB-, Stable. At the annual credit assessment, which was published in April, CA Fastigheter maintains it’s credit rating.

– During the period, the industrial property Flahult 21:6 in Jönköping was acquired.

 

For further information, please contact:

Malin Claesson Stenström, VD
+4673-923 97 59, malin.claesson@cafastigheter.se

Caroline Menninge, CFO
+4670-534 25 86, caroline.menninge@cafastigheter.se

 

• Rental income increased by 9% to MSEK 242 (222).
• Net operating surplus increased by 8% to MSEK 154 (143), resulting in a surplus ratio of 63.7% (64.4%).
• Profit from property management increased by 63% to MSEK 118 (72), mainly due to increased earnings from associated companies in connection with the sale of shares.
• Profit from project activities amounted to MSEK 0 (0).
• The market value of the properties amounted to MSEK 15,273 (14,573). CA Fastigheter does not market value the properties continuously during the year, increased value from year end 2024 refers to investments and exchange rate fluctuations.
• Profit after tax amounted to MSEK 105 (99).

Significant events during January – March 2025:

-In January, CA Fastigheter acquired Lidingö Centrum through KB Nya Lidingö Centrum at a property value of SEK 811 million before deduction of deferred tax. The centre contains a total lettable area of just over 20,000 sqm with a rental value of approximately MSEK 78.5 per year. Closing took place on 28 February. Lidingö Centrum is a well-established local shopping centre on Lidingö and has approximately 50 tenants, mainly in retail, restaurants and public operations. The shopping centre is strategically located on Lidingö and has around 3.1 million visitors per year.

-During the period, sales of apartments in Brf Kvirkelhusen 2 began. Brf Kvirkelhusen 2 is the second phase of the Kvirkelhusen housing project in the Strandfuret area in Lomma. Phase two consists of 27 apartments.

-During the period, the zoning plan for Gasverket Östra in Stockholm has been approved by the City Planning Committee and the Development Committee. The next step is approval by the Municipal Council in June, after which legal force is awaited before work can begin.

-During the period, the associated company KB Ringvägen was divested.

 

For further information, please contact:

Malin Claesson Stenström, CEO
+4673-923 97 59, malin.claesson@cafastigheter.se

Caroline Menninge, CFO
+4670-534 25 86, caroline.menninge@cafastigheter.se

Nordic Credit Rating (NCR) has affirmed its ’BBB-’ long-term issuer rating on Sweden-based property manager CA Fastigheter AB.

 

NCR – CA_Fastigheter_AB – Rating Action Report 11 Apr. 2025

• Rental income increased by 5.0% to MSEK 901 (858).
• Net operating income increased by 7.2% to MSEK 610 (569), resulting in a surplus ratio of 67.7% (66.3%).
• Profits from property management decreased by 8.2% to MSEK 316 (292), mainly due to higher net operating income.
• Income from project activities amounted to MSEK 77 (74).
• The market value of properties amounted to MSEK 14,674 (14,334). Unrealized changes in the value of properties for the year amounted to MSEK -77 (-1,027).
• Profit after tax amounted to MSEK 218 (-695), mainly due to unrealized changes in the value of properties.

Significant events during the year:

-During the first quarter, CA Fastigheter appointed Malin Claesson Stenström as the new CEO. Malin, who is part of the fourth generation of the owner family, took up her position in connection with Andreas von Hedenberg’s resignation on April 30, 2024.

-At the end of the first quarter, CA Fastigheter issued a senior unsecured green bond of SEK 500 million with a tenor of three years and will carry a floating interest rate of STIBOR 3m plus 225 basis points per annum. In connection with the issuance of a new bond, an early redemption of the previous green bond of SEK 500 million has been made.

-CA Fastigheter already has a credit rating according to BBB-, Stable. At the annual credit assessment, which was published in April, CA Fastigheter maintains it’s credit rating.

-During the year, major refurbishments of the properties Växjö 6:69 in Växjö, consisting of 102 apartments, and the property Hermodsdal 8 in Malmö, consisting of 100 apartments, were completed. These projects are a significant investment in our long-term work to develop the investment properties and the tenant offering.

CA Fastigheter is constantly working on sustainability, and during the year, five buildings in property management operations were environmentally certified according to the Swedish Green Building Council’s Miljöbyggnad iDrift rating silver, and one building that has undergone a significant renovation according to the Swedish Green Building Council’s Miljöbyggnad Nybyggnation with silver rating.

-During the fourth quarter, BRF Kvirkelhusen 1, consisting of 42 apartments, was completed. BRF Kvirkelhusen 1 is the first phase of the Kvirkelhusen project. The Project contained three buildings close to the shore in the Strandfuret area in Lomma. Stage two of Kvirkelhusen has been projected and sales started early 2025. The buildings are environmentally certified according to the Swedish Green Building Council’s Miljöbyggnad Nybyggnation with silver rating.

 

For further information, please contact:

Malin Claesson Stenström, CEO
+4673-923 97 59, malin.claesson@cafastigheter.se

Caroline Menninge, CFO
+4670-534 25 86, caroline.menninge@cafastigheter.se