- 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