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Regulatory press release

Interim report January-September 2023

Castellum
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“Castellum’s core business continues to deliver stable earnings. Positive net leasing during the quarter and an increase in net operating income show that in many respects, Castellum’s strategy is sustainable over the long term. Despite the slowdown in the economy, Castellum secured and renegotiated leases valued at SEK 117 M during the quarter and we noted higher levels of turnover in the office segment, with increased demand for premises in central locations. Income of SEK 7,388 M corresponds to an increase of SEK 656 M over the year-earlier period”, says Joacim Sjöberg, CEO of Castellum AB.

  • Income totalled SEK 7,388 M (6,732). In the like-for-like portfolio, rental income increased 9.6 per cent (5.2).
  • Net operating income totalled SEK 4,939 M (4,470), corresponding to an increase of 10.5 per cent.
  • Income from property management totalled SEK 3,343 M (3,598), corresponding to a decrease of 7.1 per cent.
  • Property sales of SEK 3,711 M (2,564) were concluded, in line with the carrying amounts.
  • The loan-to-value ratio was 37.8 per cent (42.3).
  • The interest coverage ratio totalled 3.1x (4.4) during the period, and interest-rate hedging was applied to over 64 per cent of the loan portfolio.
  • During the quarter, a new bond was issued for the first time since Q2 2022, totalling SEK 1 Bn with a two-year maturity.

Attachment: Interim report January-September 2023

For further information, please contact:
Joacim Sjöberg, CEO Castellum AB, +46 8 503 052 00
Jens Andersson, CFO Castellum AB, +46 76 855 67 02

About Castellum
Castellum is one of the largest listed property companies in the Nordic region that develops flexible workplaces and smart logistics solutions. As of 30 September 2023, the property value totalled approximately SEK 168 billion, including the ownership share of the Norwegian company Entra ASA. We are active in attractive Nordic growth regions. One of our sustainability goals is to become entirely climate neutral by 2030 at the latest. Castellum is the only Nordic property and construction company elected to the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.
 
Beyond expectations.
www.castellum.se

This information is information that Castellum is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-10-27 08:00 CEST.

Attachments
Castellum Interim Report January September 2023

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