ÖSTERSUND, Sweden, July 5, 2024 — Financial conditions have shown signs of improvement during the spring months, as evidenced by increased leasing activity and a more robust transactions market. Northern Sweden has solidified its position as the country’s growth region, and we continue to see significant interest in our cities. During the second quarter, net leasing amounted to SEK 11 million, EPRA NRV increased by 2%, and we have lowered our loan-to-value ratio to 53.4% compared to the end of last year. Property values remain stable. The market is transitioning from a period of financial uncertainty to a phase of growth opportunities and enhanced earning potential.

Second quarter of 2024

• Income rose by 2% to SEK 634 million (620)
• Operating surplus increased by 3% to SEK 446 million (433)
• Property management income increased by 9% to SEK 240 million (220)
• Unrealised changes in value of properties were SEK 10 million (-124) and unrealised changes of value of derivatives were SEK -101 million (6)
• Profit after tax was SEK 118 million (82)
• Earnings per share were SEK 0.83 (0.58)

Period Jan-June 2024

• Income increased by 2% to SEK 1,272 million (1,237)
• Operating surplus increased by 3% to SEK 853 million (822)
• Property management income remained unchanged at SEK 440 million (439)
• Unrealised changes in value of properties were SEK 16 million (-124) and unrealised changes of value of derivatives were SEK 125 million (-73)
• Profit after tax was SEK 376 million (-251)
• Earnings per share were SEK 2.66 (-1.87)

– I am confident that we will continue to see a positive macroeconomic outlook with stable and growing property values in the coming autumn. The transition, we property owners are making towards greener properties generates increased profitability and contributes to combating climate change. I am looking forward to an exciting autumn of creating value for our company, our tenants, and our shareholders, says Knut Rost, CEO, Diös.

Presentation of the report

Today at 08:30 CEST, CEO Knut Rost and CFO Rolf Larsson will present the report via a web conference call. The presentation will be in English. For more information about the conference call, please visit:  

This information is information that Diös Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU no 596/2014) the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on 5 July 2024.

CONTACT: 
Knut Rost, CEO, Diös
Phone: +46(0)10-470 95 01
E-mail:

Rolf Larsson, CFO, Diös
Phone: +46(0)10-470 95 03
E-mail:

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SOURCE Diös Fastigheter