Lund, Sweden, 2014-10-16 08:00 CEST (GLOBE NEWSWIRE) --
Today Tribona releases its financial results for January-September 2014
Highlights January-September 2014:
- Rental income during the period of SEK 325.2m (365.0)
- Net Rental Income during the period of SEK 274.8m (324.0)
- Cash flow from operations during the period of SEK 97.7m (143.1)
- Unrealised fair value properties during the period of SEK -206.7m (-83.4)
- Unrealised fair value interest derivatives during the period of SEK -187.9m (69.0)
- Earnings per share during the period of SEK -6.2 (2.2)
- Loan to value of 63.1% (63.4)
- The share issue in May was fully subscribed and gave approximately SEK 292m before deduction of transaction costs
- Acquired five logistics properties, one located in Kungälv, one in Trelleborg and three Malmö with a total lettable area of 41.890 sq.m. three of which are already accessed.
- During the quarter, a new five-year lease agreement covering 28.500 sq.m. has been signed with a new tenant in the property in Bröndby, Copenhagen.
- During the quarter, extension of current lease agreement with Alwex in the property Fröträdet 1, Växjö has been completed with additional 20.000 sq.m.
CEO Per Johansson comments: “We have had an intense and eventful third quarter which has contained several acquisitions and major letting, and we will continue our work with focus on growth and acquisitions.”
Material
Interim Report and presentation will be available on investors.tribona.se
Presentation
Tribona AB releases its financial results for January to September 2014 today, 16 October 2014. In connection with this, the Company will give a presentation via audiocast 08:30 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 16 October 2014, 08:00 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, 24 in Sweden and one in Denmark, with a total lettable area of about 741 000 square meters. For more information, please visit www.tribona.se
