COMMENTS TO THE RESULTS

JANUARY – DECEMBER 2023
· Rental income amounted to SEK 48 m (53). The decrease from the previous year is primarily due to the sale of Klippudden Fastigheter to a jointly-owned JV as per 2022-02-14.
· Other income amounting to SEK 5 m (0) is primarily a one-off insurance compensation due to a fire with corresponding one-off costs.
· Net operating income was SEK 27 m (26).
· Profit/loss from associated companies was SEK -749 m (-437).
· Changes in the value of investment properties was SEK -74 m (-28).
· Profit/loss before tax for the period was SEK -873 m (-478).
· In June 2023, Holmström Fastigheter signed an agreement to sell all shares in Magnolia Bostad AB (publ)’s holding company, HAM Nordic AB, to Areim. Areim gained full control of Magnolia Bostad by the time of the signed agreement, the asset was reclassified to other long-term securities, and Holmström Fastigheter received a payment for the purchase price of SEK 111 m. Holmström Fastigheter still own 21.8% of the shares in HAM Nordic, but are under contract to be divested gradually as funding has been raised to Magnolia Bostad which in return can bring additionally SEK 117 m to Holmström Fastigheter. Should funding not materialize, Holmström Fastigheter can receive up to approximately SEK 89 m for the divestment of HAM Nordic AB. The agreement with Areim extends to 2033-06-30.
 
OCTOBER – DECEMBER 2023
· Rental income amounted to SEK 12 m (10).
· Net operating income was SEK 6 m (3).
· Profit/loss from associated companies was SEK -169 m (-193), which are results from associated companies Ankarhagen and Vincero Fastigheter of about SEK -1 m and SEK -167 m respectively, as per the equity method.
· Change in other long-term securities held is due to revaluation of HAM Nordic shares of approximately SEK -4 m, and revaluation of other securities of approximately SEK -5 m. 
· Changes in the value of investment properties amounted to SEK 20 m (-38). The change during the period is primarily driven by energy related capex investments, rental indexations and potential value created through transformation to housing cooperative.
· Profit/loss before tax for the period was SEK -165 m (-235).
 
SIGNIFICANT EVENTS OCTOBER – DECEMBER 2023
· During the period, Holmström Fastigheter extended the duration of the short term liabilities of SEK 127 m for one year.  
· It was communicated during the period that Fredrik Holmström takes over the position as CEO of Holmström Fastigheter Holding AB (publ). Fredrik succeeds Erik Rune, who will remain in his operational role until April 12, 2024. In connection with that, Erik also resigns as board member of Holmström Fastigheter.

SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER
· No significant events after the end of the quarter.