REPORT SUMMARY
Financial summary for the period (26 August 2014 - 31 December 2014)
· Rental Income for the period amounts to 2.816 tSEK.
· Profit from Property Management for the period amounts to -840 tSEK, equal to -0,18 SEK per share.
· The properties unrealized change in market value for the period amounts to 25.000 tSEK. Change in market value on derivatives for the period amounts to 0 tSEK.
· Net Income for the period amounts to 18.368 tSEK, equal to 4,00 SEK per share.
Important events in the period
· Saltängen Property Invest AB (publ) was established at 26 August 2014
· The company purchased the property Saltängen 1 in Västerås at, 19 December 2014. By acquiring all shares in Tribona Västerås 1 AB, the owner of Saltängen 1, from Tribona Holding 6 AB.
· The company issued new capital with an amount of 433.125 tSEK, to finance the acquisition.
· A five year credit facility agreement was signed with Swedbank. At the end of the period the credit facility was amounting to 630.000 tSEK.
· The board of directors propose a dividend to the shareholders amounting to 9,80 SEK per share for the financial year 2014 with payments each quarter of 2,45 SEK per share.
For more information please find attached Year/End Report.
Stockholm 2015-03-20
For additional information, please contact:
Daniel Torberger, Ekonomichef
+ 46 70-378 50 07
daniel.torberger@hestia.se
Stefan Björkqvist, VD
+46 70-415 84 18
stefan.bjorkqvist@hestia.se
Or visit the company's website: www.saltangenpropertyinvest.se
The following documents can be retrieved from beQuoted
Saltängen Pressrelease 2015-03-20 (English).pdf
Saltängen Pressrelease 2015-03-20 (Swedish).pdf
Saltängen Bokslutskommuniké 2014 (Swedish).pdf
About Saltängen Property Invest
Saltängen Property Invest AB (publ) is a Swedish property company that indirectly owns and manages the property Saltängen 1 in Västerås. The property is a warehouse and office building, that was built in 1975 and subsequently developed in two phases in 1990 and 2003, and has a total lettable area of approximately 104,726 square meters. The property is fully let to ICA Fastighets Sverige AB until 30 September 2022. Saltängen Property Invest is listed on the Nasdaq Stockholm First North with Wildeco as Certified Adviser.
