Interim report January – March 2022: Catena consolidates its position as a leader in logistics properties
Rental income for the quarter increased to SEK 377 million (329) and net operating income increased to SEK 295 million (259). In a troubled world, Catena stands strong, and the essential function that logistics plays in society has grown even more evident. New projects were started, during the quarter – new modern logistics properties were acquired, a strong, long-term owner was welcomed aboard and the organization was further strengthened.
28 March 2022, 3.00 a.m. CET
- Rental income rose by 15 percent to SEK 377 million (329).
- The net operating surplus increased by 14 percent to SEK 295 million (259).
- Profit from property management rose by 21 percent to SEK 227 million (188).
- The change in value of properties amounted to SEK 757 million (680).
- Profit for the period increased to SEK 909 million (756), corresponding to earnings per share of SEK 22.04 (19.95).
- The long-term net asset value EPRA NRV per share rose to SEK 347.74 (276.29).
Catena's CEO Jörgen Eriksson comments on the interim report:
”There is a substantial need for modern and sustainable logistics properties in appropriate locations and Catena presents a strong and unique customer offering that is attractive to many players. Despite a troubled world in which the aftereffects of Covid-19 and the war in Ukraine are having an impact on construction prices, among other things, we continue to experience strong demand.”
”Interest in Catena has grown strongly in recent years, not only in the Scandinavian market but also internationally. During the quarter, we gained a new, long-term and strategic shareholder in Catena. The opportunities for synergies between Catena and WDP are considerable and there is potential in for strategic collaboration which can accelerate both companies’ growth.”
At 8.30 a.m. on 29 April 2022, the webcast will commence for the interim report January – March 2022.
Follow the webcast via link: https://tv.streamfabriken.com/catena-fastigheter-q1-2021
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