Aquaticus Real Estate (AQUAT) Q3 2024 earnings summary

Executive summary

• Revenue, operating profit, and financial position remained stable in Q3 2024, with operations and collaborations proceeding as planned.

• The company owns and manages a fully leased office property in Sundbyberg, with a long-term contract with Xylem Water Solutions Global Services AB until March 2029.

Financial highlights

• Q3 2024 revenue was 12,572 tkr, up from 12,357 tkr in Q3 2023; nine-month revenue reached 38,931 tkr (36,895 tkr in 2023).

• Q3 operating profit (förvaltningsresultat) was 3,936 tkr (7,168 tkr in Q3 2023); nine-month operating profit was 17,495 tkr (21,278 tkr in 2023).

• Net income for Q3 was 2,392 tkr (5,728 tkr in Q3 2023); nine-month net income was 11,722 tkr (16,343 tkr in 2023).

• Cash flow from operations for Q3 was 18,115 tkr (8,360 tkr in Q3 2023); cash and equivalents at period end were 47,760 tkr (41,640 tkr in 2023).

• Property market value at period end was 748,000 tkr (780,000 tkr in 2023).

Outlook and guidance

• Operations are developing according to plan, with no significant events after the period's end.