Interim report January-June 2022: SLP’s financial situation paves the way for continued and sustainable growth

Logistics and logistics properties are key factors for a strong and growing economy. The uncertainty we are currently experiencing in different parts of the economy forces us to prepare for several different scenarios. For SLP, the current market situation presents opportunities to strengthen the company’s position and improve our relationships with key stakeholders.

  • Rental income increased by 66%, amounting to 200 million Swedish crowns (121).
  • Management income, excluding listing fees, increased by 74% and amounted to 110 million Swedish crowns (63).
  • The result for the period was impacted by non-recurring costs of 25 million Swedish crowns (0) related to the initial public offering.
  • Earnings per share after dilution amount to SEK1.8 (2.1).
  • The revalued net assets (NAV) per share after dilution increased by 17% over the period and amounted to SEK21.3.
  • Net rental income for the period amounted to 4.9 million Swedish crowns (11.1).
  • Seven properties and an area of ​​land were acquired and taken possession of a total leasable area of ​​approximately 63,200 m² and a land value of 567 million Swedish crowns (660).
  • Acquisition of a new production project underway in Halmstad of approximately 5,900 square meters with planned access to the property on September 30.
  • Commercial building in Malmö sold with an agreed land value of SEK144 m, which was more than 20% higher than the last external market valuation.
  • Largely oversubscribed public offering of new class B shares with a value of 750 million Swedish crowns.
  • On March 23, trading of the company’s Class B shares on Nasdaq Stockholm began.
  • A new issue of shares of SEK169 m was recorded, which related to five acquisitions of SLP which were partially paid for in shares.
  • Viktoria Wöhl has been recruited as Environmental Sustainability Manager, a new role within the company to coordinate and lead the company’s environmental initiatives.
  • SLP renegotiated approx. 700 million Swedish crowns of the existing loan portfolio into so-called green loans.

“We are closely monitoring the development of the financial markets and, in the current circumstances, I am reassured about the solidity of the financial situation of SLP. The combination of guaranteed bank financing only with a loan-to-value ratio of and a desirable real estate portfolio with CPI-indexed leases, generates stable cash flow which, in turn, enables sustainable growth in the future,” comments Stone StrandCEO of SLP.

This disclosure contains information that Swedish logistics property is required to make public under the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information has been submitted for publication, through the contact person, the July 14, 2022, 08:45 CET.

The interim report will be presented via an audio broadcast recorded today at 10:00 a.m. EST. Stone Strand, CEO, and Tommy Åstrand, CFO, will comment on results and operations. Presentation material (images + audio) will be available at: https://slproperty.se/en/ir/reports-and-presentations/ and https://tv.streamfabriken.com/slp-q2-rapport-2022

For more information, please contact:Stone StrandCEO of SLP, phone: +46 705 881 661

About SLP – Swedish logistics property
SLP- Swedish logistics property – is a Swedish real estate company specializing in logistics properties. Since its inception, the company has maintained a high pace and completed several large-scale acquisitions in a short time. SLP has a high ambition for sustainability and works in an environmentally responsible manner. The company’s real estate portfolio includes a leasable area of ​​approximately 690,000 square meters. SLP’s Series B share is listed on Nasdaq Stockholm. For more information: slproperty.se

This disclosure contains information that Swedish logistics property is required to make public under the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information has been submitted for publication, through the contact person, the 14-07-2022 08:45 CET.

https://news.cision.com/swedish-logistic-property/r/interim-report-january-june-2022–slp-s-financial-situation-creates-room-for-continued-sustainable-g,c3599536

https://mb.cision.com/Main/20026/3599536/1604063.pdf

https://mb.cision.com/Public/20026/3599536/8452e68973522e9d.pdf

https://news.cision.com/swedish-logistic-property/i/slp-bild-5,c3069771

(c) Decision 2022. All rights reserved., sources Press Releases – English

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