JANUARY – JUNE 2019
- Income, MSEK 656 (486)
- Profit after tax, MSEK 470 (655)
- Profit after tax per share, 2.80 SEK (3.90)
APRIL – JUNE 2019
- Income, MSEK 333 (239)
- Profit after tax, MSEK 309 (396)
- Profit after tax per share, 1.84 SEK (2.36)
SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER
- In May, three-year senior unsecured bonds of MSEK 750 within a total framework amount of up to SEK 1.5 billion were issued.
- In June, a property portfolio with 21 properties in southern Sweden was acquired for a value of SEK 1.6 billion.
- In June, Nyfosa’s joint venture Söderport acquired 15 properties for SEK 1.4 billion, of which MSEK 722 from Nyfosa.
- In July, a property portfolio with nine properties in Malmö was acquired for a value of MSEK 695.
- In July, Nyfosa’s joint venture Söderport divested properties in Torslanda for SEK 2.3 billion.
COMMENTS FROM THE CEO
A high tempo in Nyfosa’s acquisition operations in the spring has yielded returns. We signed acquisition agreements for a value of slightly more than SEK 3.3 billion during and after the quarter. These properties have stable cash flows in prime locations, including a large retail property in Luleå. Nyfosa’s flexible strategy means that we can go against the tide and, in the current market, retail is a category where we see attractive opportunities in places and locations that we believe in. With a stronger cash position from the bond issue in May, we are continuing to analyze both large and small acquisitions as we continue towards our target property value of SEK 25 billion.
Jens Engwall, CEO