Tribona AB (publ): Interim Report January-June 2014

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| Source: Tribona AB
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Lund, Sweden, 2014-07-10 07:00 CEST (GLOBE NEWSWIRE) --  

Today Tribona releases its financial results for January-June 2014

Highlights January-June 2014:

  • Rental income during the period of SEK 214.8m (248.1)
  • Net Rental Income during the period of SEK 179.8 (219.9)
  • Cash flow from operations of SEK 55.6m (106.9)
  • Unrealised fair value properties of SEK -149.0m (4.1)
  • Unrealised fair value interest derivatives of SEK -140.4m (74.4)
  • Earnings per share of SEK -4.7 (5.2)
  • Loan to value of 63.5% (63.4)
  • A 10 year rental agreement has been signed with XL Bygg Stenvalls AB in Umeå covering 5.110 sq.m. with move-in date 1 April 2014.
  • Extended current lease agreements with ICA regarding 137.484 sq.m. with one year in Saltängen 2, Västerås to 30 September 2022 and Planeraren 2, Borlänge to 31 March 2021
  • The share issue in May was fully subscribed and gave approximately SEK 292m before deduction of  transaction costs
  • 2 fully leased logistics properties have been acquired in Kungälv and Trelleborg with a lettable area of 23.090 sq.m. and 8.700 sq.m.

 

Highlights after end of period

  • Tribona has acquired 3 logistics properties located in Malmö with a total lettable area of 10.094 sq.m. Access will be 25 August 2014.

 

CEO Per Johansson comments: ”We are very pleased to also acquire the properties in Kungälv,  Trelleborg and Malmö off market. This is possible thanks to our quick decision-processes and good network. We will during the second half year continue to focus on further acquisitions and rental of our vacant areas.”

Material
Interim Report and presentation will be available on investors.tribona.se

Presentation
Tribona AB releases its financial results for January to June 2014 today, 10 June 2014. In connection with this, the Company will publish a presentation 07:00 CET on the Company’s website, investors.tribona.se

For further information
Per Johansson, CEO: +46 708 17 1363, e-mail: per.johansson@tribona.se
Tommy Åstrand, CFO: +46 705 45 5997, e-mail: tommy.astrand@tribona.se

This information is such that Tribona AB (publ.) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 10 June 2014, 07:00 CEST.

About Tribona
Tribona AB (publ) is Sweden's largest listed pure-play logistic property company. The property portfolio consists of modern and strategically located logistic properties, 22 in Sweden and one in Denmark, with a total lettable area of about 734 000 square meters. For more information, please visit www.tribona.se