Atrium Ljungberg reports Q3 results with decreased profit
The period's result falls to SEK 617 million against SEK 840 million last year, driven by negative value changes. The operating surplus decreases slightly despite increased rental income.
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Urban property developer and manager creating mixed-use city districts
al.seLast updated
In short: Atrium Ljungberg reported lower Q3 profit, reopened Söderhallarna and signed Ericsson's 58,000 sqm Hagastaden lease.
The period's result falls to SEK 617 million against SEK 840 million last year, driven by negative value changes. The operating surplus decreases slightly despite increased rental income.
Rental income increased by 4.3% to SEK 2,290 million. The period's profit was SEK 617 million and the loan-to-value ratio stood at 44.5%. The company issued green bonds worth SEK 1.7 billion.
Web video broadcast on October 9 at 9:00 where the CEO and CFO will present the results. An English session will follow later.
Rental income increased by 6.2% to SEK 770 million, and Ericsson leases 58,000 sqm with 15-year agreements.
The stock-pressed real estate company Atrium Ljungberg misses analysts' expectations for the third quarter. At the same time, the vacancy rate continues to rise.
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