Annehem Fastigheter (ANNE) Stockholm Corporate Finance Conference 2024 summary

Company overview and strategy

• Focuses on managing and developing high-quality commercial, community, and residential properties in Nordic growth regions with a strong environmental profile.

• Aims to be the most sustainable real estate company in the Nordics, with green equity designation on Nasdaq.

• Targets over 10% annual return on equity and SEK 8 billion property portfolio value by 2027.

• Long-term sustainability goals include 90% of property value being EU taxonomy-aligned and environmentally certified by 2030.

• Major shareholders include Ekhaga Utveckling AB (23.9%) and Volito AB (7.2%).

Portfolio and operations

• Portfolio consists mainly of offices (76% of rental income), with properties in Stockholm, Helsinki, Gothenburg, Malmö, and Ängelholm/Helsingborg.

• 82% of property value is environmentally certified, and 85% is classified as sustainable per EU taxonomy.

• Key tenants include municipalities, universities, and major corporations such as Saab and PostNord.

• Total property value reached SEK 4,682.6 million as of September 2024.

Financial performance (H1 2024)

• Total income increased by 9.5% to SEK 136.8 million compared to H1 2023.

• Operating net rose by 9.3% to SEK 117.1 million.

• Management result grew by 28.4% to SEK 46.1 million; excluding currency effects, up 6.3%.

• Period result improved to SEK 4.4 million from a loss of SEK 126.8 million in H1 2023.