Bonäsudden Holding (BONAS) Q4 2024 earnings summary

Executive summary

• Rental income including service income for 2024 was 50,592 tkr, up from 48,062 tkr year-over-year.

• Net operating income for 2024 reached 34,633 tkr, compared to 30,268 tkr in 2023.

• Net profit for the period was 1,461 tkr, a turnaround from -24,291 tkr the previous year.

• Portfolio consists of 11 properties in Östergötland, with 91% of commercial leases indexed to inflation.

• The year saw continued focus on value-creating measures, including energy efficiency and major renovations.

Financial highlights

• Earnings per share for 2024 were 0.87 SEK, compared to negative in 2023.

• Net asset value (NRV) per share increased to 220.34 SEK from 217.12 SEK year-over-year.

• Market value of investment properties was 714,700 tkr at year-end, with unrealized value changes of -4,164 tkr.

• Operating surplus ratio improved to 70.49% from 64.95% year-over-year.

• Return on equity was 0.46% for 2024, up from negative the previous year.

Outlook and guidance

• Management expects continued stable results, focusing on centralizing and expanding the property portfolio in Linköping and Norrköping.

• Ongoing ROT-renovation of Trasten 9 in Norrköping, modernizing 70 apartments and five premises, to be completed by autumn 2026.

• Positive cash flow from operations supports future development.