Year-end report 2024

Annehem Fastigheter AB (publ) delivered an increased income from property management and continued positive net letting during a year of high business activity and significant advancements. For the full year 2024, Annehem reported increased rent revenue and a strong growth in net operating income of 10.4 percent. The income from property management, excl. currency effects, increased by 5.0 percent compared to the same period last year.

Jan-Dec¹

• Rent revenue for the period increased to SEK 275.0 million (247.2)
• Net operating income increased to SEK 231.6 million (209.7)
• Income from property management excl. currency effects increased to SEK 97.3 million (92.7), and per share amounted to SEK 1.14 (1.35)²
• Income for the period amounted to SEK 18.5 million (-200.6), and per share amounted to SEK 0.22 (-2.92)²
• Investments in existing properties amounted to SEK 71.2 million (95.8)
• Valuation of investment properties yielded a decrease in fair value of SEK -57.8 million (-266.0)
• The fair value of investment properties amounted to SEK 4 696.8 million (4 412.7)
• Positive net letting of SEK 15.3 million (12.8)
• Net asset value (EPRA NRV) increased to SEK 2 754.6 million (2 430.2), and per share amounted to SEK 31.1 (41.2)

¹⁾ The comparative figures in brackets for income statement items in this report relate to the period January -December 2023, and to 31 December 2023 for balance sheet items. "Annehem" and "the Company" refer to the Annehem Fastigheter Group.
²⁾ The average number of shares and key figures based on these have been translated with an adjustment factor of 1.1659 for all comparative periods corresponding to the bonus issue component of this year's rights issue, for more information see Note 7 in the report.

"With a good result along with a great acquisition, we have already taken important steps toward our challenging goals for the coming year. With a solid financial position as our foundation, I have a positive outlook on 2025, which will provide us with good conditions to continue growing and developing Annehem profitably and sustainably." says Monica Fallenius, CEO of Annehem Fastigheter.  

Significant events during the period

• Annehem Fastigheter carried out a successful refinancing, resulting in lower marginal costs and increased leverage.
• Annehem Fastigheter strengthened the long-term collaboration with Lund University in Ljungbyhed Park, in the form of a ten-year lease extension.
• Annehem Fastigheter extended and expanded its lease agreement with Ljungbyheds Motorbana AB in Ljungbyhed Park. The new agreement covers a four-year period and includes a total of 2 600 sqm.
• Annehem Fastigheter presented revised financial targets, which are:
  • Annual growth in income from property management of at least 20 percent
  • Annual growth in net asset value (EPRA NRV) of at least 10 percent
  • Net loan-to-value ratio that does not exceed 55 percent over time
  • Long-term interest-coverage ratio that exceeds a multiple of 2.2
  • Reinvest profits primarily to utilise business opportunities and achieve Annehem's growth targets.

Significant events after the end of the period

• Annehem Fastigheter entered into an agreement to acquire the community service property Bryggan 2 in Malmö, with possession as of February 18. The seller is ABG Fastena, and the underlying property value amounts to SEK 440 million.

The report will be presented at 11:00 a.m. CET on February 13 by CEO Monica Fallenius and CFO Adela Colakovic. The presentation will be held in Swedish. After the presentation, there will be an opportunity to ask questions, which can be sent in advance to [email protected] or via the chatfunction in Youtube.

No pre-registration is required. Join the presentation by clicking the following link:

https://www.youtube.com/live/vWSYowv7-oI?si=lZoB7jW1MBJ55z34

The Year-end Report and the presentation will be published on Annehem's Website.

For further information please contact:
Monica Fallenius, CEO
[email protected] 
Tel. +46 70 209 01 14

This information is information that Annehem Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on February 13, 2025.

About Annehem Fastigheter
Annehem Fastigheter is a growth company specializing in sustainable commercial, community service and residential in the Nordic growth regions of Stockholm, Skåne, Gothenburg and Helsinki. The property portfolio in Annehem Fastigheter consists of 27 investment properties with a value of SEK 4 696.8 million and a lettable area of 207 thousand sqm as of December 31, 2024. The Company has been listed on Nasdaq Stockholm since December 2020 with the ticker ANNE B and has a Nasdaq Green Equity Designation since May 2022. For more information, please visit Annehem's website www.annehem.se.