Aquaticus Real Estate (AQUAT) Q2 2024 earnings summary

Executive summary

• Stable results, cash flow, and financial position maintained in H1 2024, with operations and collaborations proceeding as planned.

• The sole property, Fröfjärden 3 in Sundbyberg, remains fully leased to Xylem Water Solutions until March 2029.

Financial highlights

• Q2 2024 revenue: 13,142 tkr (up from 12,238 tkr in Q2 2023); H1 2024 revenue: 26,358 tkr (up from 24,537 tkr in H1 2023).

• Q2 2024 net income: 2,711 tkr (down from 5,445 tkr in Q2 2023); H1 2024 net income: 9,329 tkr (down from 10,614 tkr in H1 2023).

• Q2 2024 operating income (förvaltningsresultat): 5,341 tkr (down from 7,094 tkr); H1 2024: 13,559 tkr (down from 14,110 tkr).

• Q2 2024 EPS: 0.88 kr (down from 1.77 kr); H1 2024 EPS: 3.03 kr (down from 3.45 kr).

• Q2 2024 cash flow from operations: 9,952 tkr (down from 12,005 tkr); H1 2024: 17,269 tkr (up from 6,389 tkr).

Outlook and guidance

• Management expects continued stable operations, with no significant events after the reporting period.