Fabege AB: Year-end report 2024

The operating surplus increased slightly, while interest costs were in line with the previous year. Unrealized value changes in the property portfolio turned slightly positive in the second half of the year. The profit before and after tax thus increased in comparison with the previous year.

October - December 2024	January - December 2024
Rental income increased to SEK 8616m (827).	Rental income increased to SEK 3,438m (3,366). On a like-for-like basis, rental income increased by just over 4,5 per cent (11).
Net operating income increased to SEK 625m (605).	Net operating income increased to SEK 2,552m (2,524). On a like-for-like basis, net operating income increased by 4,9 per cent (14).
The surplus ratio amounted to 73 per cent (76).	The surplus ratio amounted to 75 per cent (74).
Revenue from residential development amounted to SEK 3m (-67) and gross earnings totalled SEK -3m (-19).	Revenue from residential development amounted to SEK 233m (553) and gross earnings totalled SEK -21m (4).
Profit from property management amounted to SEK 333m (345).	Profit from property management amounted to SEK 1,345m (1,458).
Realised and unrealised changes in the value of properties amounted to SEK 18m (-2 415).	Realised and unrealised changes in the value of properties amounted to SEK -1,218m (-7,831)
Net lettings amounted to SEK -23m (168).	Net lettings amounted to SEK -108m (165).
Post-tax earnings for the year totalled SEK 455m (-1,991), corresponding to earnings per share of SEK 1:45 (-6:33)	Post-tax earnings for the year totalled SEK -89m (-7,831), corresponding to earnings per share of SEK -0:68 (-17:54)
	The Board proposes a dividend of SEK 2.00 per share (1.80), to be paid quarterly in the amount of SEK 0.50 per share on each occasion (0.45)

-After a tough 2024, we deliver a stable result with increased rental income and improved net operating income. The financial net also developed positively during the year. However, the management result decreased slightly and the net letting was disappointing. Our assessment today is that we will begin to see a turnaround in the economy in 2025, which will positively affect both the rental and transaction markets. We have faith in the future regarding Stockholm's office market, comments Stefan Dahlbo, CEO Fabege.

Fabege AB (publ)

Presentation of the report

Stefan Dahlbo, CEO, and Åsa Bergström, CFO, will present the report today at 14:00 CET in Swedish. Follow the presentation via link: https://fabege.events.inderes.com/q4-report-2024

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.inderes.com/teleconference/?id=50052185

A presentation in English will be held at 15:30 CET. You can follow this via https://fabege.events.inderes.com/q4-report-2024-english

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.financialhearings.com/teleconference/?id=5008207

Denna information är sådan information som Fabege AB är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 6 februari 2025 kl. 12:00 CET.

Denna information är även sådan information som Fabege AB (publ) är skyldigt att offentliggör enligt lagen om värdepappersmarknaden. Informationen lämnades för offentliggörande den 6 februari 2025 klockan 12:00 CET.

For further information, please contact:
Stefan Dahlbo, President and CEO, tel. [phone], [e-mail]
Åsa Bergström, Vice President and CFO, [phone], [e-mail]

With a focus on commercial properties, Fabege develops attractive locations in the Stockholm area. We are a present partner that puts people front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at www.fabege.com.