Corem Property Group (CORE) CMD 2024 Presentation summary

Company overview and portfolio

• Manages 294 properties across 12 cities, with a lettable area of 2,304,000 sqm and a property value of SEK 56bn.

• Portfolio is focused on major cities and growth regions, with 50% office, 23% logistics, 10% retail, and 17% other property types.

• Maintains a diverse tenant base of 3,100 tenants and 5,500 leases, including major public and private sector organizations.

• Key markets include Stockholm, Gothenburg, Malmö, Uppsala, and international holdings in New York and Copenhagen.

• Notable tenants include Ericsson, Mycronic, OHB Sweden, and several public sector agencies.

Sustainability and operational performance

• Achieved a 28% reduction in emissions per sqm from building activities since 2021.

• 21% of assets are classified as green, with 50 buildings holding environmental certifications.

• Average energy consumption is 78.7 kWh/sqm, with a target of 65 kWh/sqm by 2030.

• 15% of revenue comes from green tenant contracts, and 100% of staff are trained in code of conduct and business ethics.

• Strong engagement index and ongoing focus on circularity and environmental performance.

Rental market and letting activity

• Net letting for Jan–Sep 2024 reached SEK 99m, with a contract value of signed lettings at SEK 400m.

• Economic occupancy rate stands at 86%, with a rental value of SEK 4,346m.

• Recent lettings include major deals in Stockholm (Kista), Gothenburg, Linköping, and New York.

• Office segment emphasizes flexibility, location, and employee attraction; logistics and retail focus on location and mix.

• Public sector accounts for 18% of office segment tenants.