January – September 2021

· Rental income amounted to SEK 56 m.
· Net operating income was SEK 36 m.
· Profit from participations in associated companies was SEK 260 mkr which is due to a revaluation of the shares in Magnolia Bostad occurring when the public tender offer to the shareholders of Magnolia Bostad was accepted. In Q1-Q2 the net loss of Magnolia Bostad AB had a negative impact on earnings.
· Changes in the value of investment properties was SEK 129 m. SEK 55 m is due to value-adding investments, increased rents and lower yield requirement. SEK 74 m of the change in value is attributable to the acquisition of companies from Holmströmgruppen in Q1 2021.
· The operating profit was SEK 419 m.
· Profit before tax was SEK 403 m and net profit for the ­period was SEK 372 m.

July – September 2021

· Rental income amounted to SEK 27 m.
· Net operating income was SEK 18 m.
· Profit from participations in associated companies was SEK 311 m which is mainly due to a revaluation of the shares in Magnolia Bostad occurring when the public tender offer to the shareholders of Magnolia Bostad was accepted.
· Changes in the value of investment properties was SEK 33 m.
· The operating profit was SEK 359 m.
· Profit before tax was SEK 351 m and net profit for the ­period was SEK 343 m

Significant events July – September 2021

· Issued additional unsecured bonds of SEK 200 m under the existing framework. Bonds of a total of SEK 500 m have been issued under the framework of a total of SEK 750 m maturing in October 2024.
· The public tender offer for the associated company Magnolia Bostad was accepted. 99% of the shares were acquired by HAM Nordic AB which is owned by Holmströmgruppen, Holmström Fastigheter and Ariem. As a consequence, Magnolia Bostad’s shares were delisted from Nasdaq Stockholm on 17 September.

Significant events after the end of the quarter