Wallenstam 2021 Year-End Report: Target of SEK 40 per share net asset value growth is within reach

Hans WallenstamCEO and Suzanne Linde, CFO and Head of Investor Relations, comment on the report at www.wallenstam.se/filmsandpresentations. The film will be released no later than 1:30 p.m. (CET). An audiocast in English with Suzanne Linde will take place at 2:00 p.m. (CET) on www.financialhearings.com. The presentation is available at www.wallenstam.se/filmsandpresentations before 2:00 p.m. (CET).

January 1-December 31, 2021

  • The net asset value per share increased by SEK16.20 during the period and amounted to SEK114.50 (98.30).
  • Revenues from property management amount to 1,280 million Swedish crowns (1,131).
  • Rental income amounted to 2,324 million Swedish crowns (2,131).
  • Investments in the construction of properties amounted to 3,325 million Swedish crowns (4011).
  • On closing day, 1,948 apartments were under construction.
  • Changes in the value of investment properties amounted to 3,674 million Swedish crowns (1,339), of which 1,502 million Swedish crowns (853) came from the growth in the value of new construction.
  • The profit before tax amounts to 5,371 million Swedish crowns (2,393) and profit after tax amounted to 4,717 million Swedish crowns (1,908), equivalent to SEK14.4 per share (5.9).
  • The Board of Directors will propose a dividend of SEK1.20 per share (1.20), spread between two installments of SEK0.60 each per share.
  • The Board of Directors has decided to bring forward the work of developing a new business plan by one year and expects it to be presented during the fourth quarter of 2022.

October 1-December 31, 2021

  • Revenues from property management amount to 312 million Swedish crowns (271).
  • Rental income amounted to 603 million Swedish crowns (555).
  • Changes in the value of investment properties amounted to 2,178 million Swedish crowns (722), of which 903 million Swedish crowns (236) came from the growth in the value of new construction.
  • The profit after tax amounts to 2,067 million Swedish crowns (934), corresponding to SEK6.3 per share (2.9).

Comment from Hans Wallenstam, CEO:

“Thanks to transactions and new productions, we have further ‘fine-tuned’ our real estate portfolio in 2021. Our apartments are located in popular residential areas of Gothenburg, stockholm and Uppsala and our business holdings are concentrated in Gothenburg downtown. We like properties to be concentrated in clusters, which is good and efficient from a management perspective. Through the transactions and the sale of our repurchased shares, we increased the equity-to-assets ratio from 42% to 46%. »

“We achieved a very good result for 2021 which I am both proud and grateful for. Property management revenue increased by 13%. A large part of it comes from our profitable new construction, which generates both real value and contributes to a higher surplus ratio Three years after the start of the business plan, we have now increased our net asset value by SEK35.30 per share. Fortunately, we believe that the objective of an increase in the net asset value of SEK 40 per share is at your fingertips. Naturally, it is extremely pleasant!”

For the full report, please refer to the attached PDF.

For more information, please contact: Suzanne LindeChief Financial Officer and Head of Investor Relations Wallenstam AB, Phone. +46 31 20 00 00 or +46 705 17 11 34


This is information that Wallenstam is required to make public in accordance with the EU Market Abuse Regulation and the Securities Markets Act. The information has been submitted for publication, through the contact person listed above, to 13:00 CET to February 8, 2022.

Wallenstam is a real estate company that manages, builds and develops properties for sustainable living and business in stockholm, Gothenburg and Upsala. The assets are valued at approximately 64 billion Swedish crowns and the customer base consists of approximately 11,000 households and 1,000 businesses. The total lettable area is around 1 million m². Wallenstam is self-sufficient in renewable energy thanks to its own operating wind turbines. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

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