16% growth in income from property management allows a dividend proposal of 3.50 SEK per share
(Thomson Reuters ONE) - * Rental income for 2009 amounted to SEKm 2,694 (SEKm 2,501 corresponding period previous year). * Income from property management improved by 16% to SEKm 1,130 (973), equivalent to SEK 6.89 (5.93) per share. * The changes in value on properties amounted to SEKm -1,027 (-1,262) and on interest rate derivatives to SEKm 102 (-1,010). * Net income after tax for the year amounted to SEKm 160 (-663), equivalent to SEK 0.98 (-4.04) per share. * The Board proposes a dividend of SEK 3.50 (3.15) per share, corresponding to an increase of 11%.Income from property management for the period, i.e. net income excludingchanges in value and tax, amounted to SEKm 1,130 (973), equivalent to SEK 6.89(5.93) per share. The improvement is 16% and above all an effect of lowerinterest rates, but also higher rental incomes and investments made have had apositive effect. During the year, changes in value on properties and derivativesamounted to, respectively, SEKm -1,027 (-1,262) and SEKm 102 (-1,010).During the year investments totalling SEKm 1,165 (2,738) were made, of whichSEKm 126 (1,212) were acquisitions and SEKm 1,039 (1,526) new construction,extensions and refurbishment."2009 became a fantastic year, mainly based on low interest rates and a muchbetter rental market than expected. Crucial for 2010 is the strength of economicactivity as well as when and how large the interest rate increase will be"comments CEO H?n Hellstr?At today's meeting, the Board of Directors decided on the following proposalsfor the Annual General Meeting:- a dividend of SEK 3.50 per share and Tuesday, March 30, 2010 as record day fordividend,- a new incentive plan for members of the executive management, which inprinciple is an extension of the existing program,- a renewed mandate for the Board to decide on purchase and transfer of ownshares.Enclosure: Year-end Report 2009Castellum is one of the major listed real estate companies in Sweden. The fairvalue of the real estate portfolio amounts to approx. SEK 29 billion, andcomprises commercial properties. The real estate portfolio is owned and managedby six wholly owned subsidiaries with strong local roots in five growth regions:Greater Gothenburg, the ?esund Region, Greater Stockholm, M?rdalen andEastern G?and. Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.For further information, please contactH?n Hellstr?CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile +46 706-47 12 61www.castellum.seCastellum AB (publ) discloses the information provided herein pursuant to theSecurities Markets Act and/or the Financial Instruments Trading Act.[HUG#1375296] Pressrelease 2/2010: http://hugin.info/1042/R/1375296/337387.pdf Year-end Report 2009: http://hugin.info/1042/R/1375296/337391.pdf
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Datum: 20.01.2010 - 06:11 Uhr
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