INTERIM REPORT JANUARY - JUNE, 2009

INTERIM REPORT JANUARY - JUNE, 2009

Catena's earnings increased 83%.

• Rental revenue during the period totaled SEK 99.8 M (93.1).
• Income from property management amounted to SEK 53.9 M (43.0), or SEK 4.66 per
share (3.72).
• Profit before tax for the period was SEK 49.8 M (29.6). 
• Profit after tax for the period amounted to SEK 38.0 M (20.8), or SEK 3.29 per
share (1.80).
• Realized change in value included in profit before tax amounted to SEK 3.2 M
(4.3)
• Unrealized change in value amounted to a loss of SEK 7.3 M (loss:17.7), for
which property accounts for a loss of SEK 1.9 M (loss: 27.1) and derivatives for
a loss of SEK 5.4 M (profit 9.4).
• Investments in existing portfolio amounted to SEK 32 M (63) during the period.


Peter Hallgren, President and CEO:

• Catena's earnings trend remained strong. Profit for the first six months of
2009 was SEK 38 million, up 83% compared with the year-earlier period. Profit
from management operations was also strong and rose 25% to SEK 53.9 million.  

• Despite the recession, rental operations were successful, including the
signing of an eight-year lease for the largest vacant property in the portfolio,
situated in Copenhagen.  

• The operation in Norway was reorganized and outsourced to external property
managers. Parts of the operation in Stockholm were also reorganized. Cost
savings are estimated at approximately SEK 3 million/year. These actions will
begin having an impact from the third quarter of 2009. 

• Catena has a historically high interest coverage ratio of 3.2 times. Direct
yield amounted to 7.3%.




For information, please contact Peter Hallgren, President and CEO, tel
+46-31-760 09 32, or Rune Jonsson, CFO, tel +46-31-760 09 35



N.B. This is a translation from Swedish. The Swedish version shall always take
precedence.



The Interim Report can be downloaded from www.catenafastigheter.se



This information is such that Catena AB (publ) must release it publicly in
accordance with the Swedish Securities and Clearing Operations Act and/or the
Financial Instruments Trading Act. The information was released to the public on
August 19,  2009, at 08.15 a.m.

Catena shall own, effectively manage and actively develop commercial real estate
in prime locations that offers the potential to generate steadily growing cash
flow and favorable value growth. Catena's overriding objective is to provide
shareholders with a favorable, long-term total return by being one of the
leading players involved in commercial real estate in a number of strategic
locations.