Wallenstam AB (publ) Interim Report January 1–March 31, 2016

CEO Hans Wallenstam, comments on the interim report at
www.wallenstam.se/filmsandpresentations. The film will be released by 8.30 a.m.
(CET) at the latest.
A conference call with Susann Linde, CFO in charge of IR, will take place at
9.00 a.m. (CET) at www.financialhearings.com, the presentation is available at
www.wallenstam.se/filmsandpresentations.

JANUARY 1–MARCH 31, 2016

  · Income from property management amounted to SEK 167 million (150), an
increase of 11 percent.
  · Unrealized changes in the value of investment properties amounted to SEK 400
million (174), of which new construction represented SEK 285 million (120).
  · Unrealized changes in the value of derivative instruments amounted to SEK
-210 million (-138).
  · Profit after tax amounted to SEK 282 million (159), equivalent to SEK 0.9
per share (0.5).
  · Rental income amounted to SEK 393 million (382).
  · Properties were sold with a value of SEK 71 million (-), resulting in
realized changes in value of SEK 13 million (-).
  · Acquisitions of properties totaled SEK 133 million (640) and investments in
properties amounted to SEK 513 million (504).
  · The growth rate in net asset value, excluding dividends and repurchases, on
a rolling full-year basis was 21 percent.
  · We had just over 1,700 apartments under construction on the closing day.

Comment from Hans Wallenstam, CEO

”The operations went according to plan during the first quarter and all numbers
are pointing in the right direction: revenue and net operating income increased,
income from property management improved by more than 10 percent and net asset
value growth was also higher than the year-earlier period. Our new construction
projects also started well in early 2016 and we expect to reach 7,500 apartments
by the end of 2018, in accordance with our business plan.”

”I can confirm that more than 70 percent of the increase in the value of
properties comes from our investments in new construction. Apart from the
increases in value, we also see positive effects from new construction in our
income from property management. Looking ahead, an increasing proportion of the
value growth in our properties and of the improvement in income from property
management is also expected to come from new construction projects.”

For the complete report, please refer to the attached PDF.

Wallenstam AB (publ) is required to make this information public under the
provisions of the Swedish Financial Markets Act and the Swedish Financial
Instruments Trading Act. The information was made publicly available on 26 April
2016 at 8.00 a.m. CET.
For further information:
Susann Linde, CFO and IR Director Wallenstam AB (publ) tel. 46 31 20 00 00 or 46
705 17 11 34
Elisabeth Vansvik, Director of Communications, Wallenstam AB (publ) tel. 46 31
20 00 00 or 46 705 17 11 38
www.wallenstam.se
Wallenstam is a growing property company that manages, builds and develops
properties for sustainable living and enterprise in Gothenburg and Stockholm.
The property holding is valued at around SEK 33 billion and the customer base
consists of just over 7,500 households and 1,000 enterprises. The total lettable
area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy
through the company Svensk NaturEnergi. The company’s B shares have been listed
on Nasdaq Stockholm since 1984.