interim report january - june 2018 - kungsleden · interim report january - june 2018 cmd, bÅstad...
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INTERIM REPORTJANUARY - JUNE 2018
CMD, BÅSTAD 11 JULY 2018
BILJANA PEHRSSON, CEO
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AGENDA
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JAN-JUN 2018 IN FIGURES (JAN-JUN 2017)
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RIGHT PROPERTIES IN RIGHT LOCATIONS
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GOOD LEASING RESULTS – NEW LETTINGSEK 130 MILLION
5
NET LEASING, SEK M
– CLUSTERS1
24 (26)
NET LEASING, SEK M
39 (45)
1. According to previously
reported values
NEW LETTING, SEK M
130 (91)
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STRONG RENEGOTIATING RESULTS – AVERAGE RENT UPLIFT 12 %
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AVERAGE RENT IS SHARPLY RISING DUE TORESTRUCTURED PORTFOLIO AND LEASING ACTIVITIES
12 MONTHS ROLLING
1,311 EARNINGS CAPACITY
AS OF 30 JUNE 2018
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RISING PROPERTY VALUES – DRIVEN BY OPERATING NET IMPROVEMENT & YIELD CONTRACTION
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MODERN OFFICE PROPERTY ”STUDIO” ACCESSED IN CENTRAL MALMÖ
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BLÄSTERN IN HAGASTADEN 100 % PRE-LET
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B26 MORE THAN 50 PER CENT PRE-LET
,
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DEVELOPMENT OF TEGNÉR HIGH STREETRETAIL IN VÄXJÖ COMPLETED
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DEVELOPMENT PROJECT LAVEN 6 COMPLETED
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DEVELOPMENT PROJECTS – THREE COMPLETEDAND ONE NEW
FINANCIALPERFORMANCEAND KEYFIGURES
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GROWING PROFIT FROM PROPERTYMANAGEMENT
2017/2018 JUL – JUN
SEK million
1 024
2016/2017 JUL – JUN
SEK million
970
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FUNDING MIX 2017 & 2018
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COST OF DEBT – CONTINUED DECLINE
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AVERAGE DEBT MATURITY AND FIXED INTEREST TERM
19
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RATIO OF UNENCUMBERED ASSETS
20
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KEY FINANCIAL RATIOS
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INVESTMENT STRATEGYAND OUTLOOK
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OFFICE RENTAL MARKET OVERVIEW
Source: Newsec
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KUNGSLEDEN´S INVESTMENT STRATEGY
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KUNGSLEDENS´S INVESTMENT STRATEGY
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KUNGSLEDEN AB (PUBL) |
INVESTMENT PROGRAMME OF MORE THAN3 BILLION 2017-2019
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▪ Return targets on Development projects, Tenant improvements and other value-creating investments
‒ IRR in excess of 9 per cent
‒ Yield on cost in excess of 6 per cent
‒ Tenant improvements pay back time less than half of the leasing contract duration
Profit from Property Management is expected to be SEK 1,200 million in
2019 i.e. one year earlier than plan
:
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THANK YOU