NASDAQ ICELAND WELCOMES REITIR FASTEIGNAFÉLAG HF. TO THE MAIN MARKET


Reykjavik, 9 April, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading of Reitir fasteignafélag hf.’s shares (short name REITIR) commenced today on the main market of Nasdaq Iceland. Reitir belongs to the Financial sector. Reitir’s listing is the first listing on Nasdaq Iceland’s Main Market in 2015.

Reitir is Iceland’s largest provider of commercial property for rent, focusing on providing companies with office, retail, and hospitality real estate. The company’s portfolio is comprised of about 130 properties measuring roughly 410 thousand sqm., with the single largest asset being the Kringlan shopping center in the capital city of Reykjavik. Other properties include the Hilton Reykjavik Nordica, one of Reykjavik’s largest hotels, and the local stock exchange building. The company’s largest clients are Hagar, a local retail chain, Icelandair Hotels, government institutions and local municipalities who jointly provide almost half of Reitir’s revenues.

For more information, please visit http://www.reitir.is/en

“Reitir’s listing on Nasdaq Iceland’s Main Market provides investors with an interesting investment opportunity in Iceland’s largest commercial real estate company,” said Gudjon Audunsson, CEO of Reitir. “Our balance sheet is strong and we enjoy favorable rates on debt financing. We also have a clear dividend payment policy. We welcome our new shareholders and look forward to working with them as well as new investors in the future.”

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         Media relations:
         Kristin Johannsdottir
         +354 525 2844
         kristin.johannsdottir@nasdaq.com

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2015_0409_Reitir listed on Nasdaq Iceland_ENG.pdf