Krona Public Real Estate (KRONA) Q4 2024 earnings summary

Executive summary

• Rental income for Jan–Dec 2024 was SEK 72,929k, up from SEK 68,788k year-over-year.

• Net operating income for the year reached SEK 67,935k, compared to SEK 62,654k last year.

• Net profit for the year was SEK 33,523k, a significant turnaround from a loss of SEK -82,859k year-over-year.

• The property portfolio remains fully leased, with stable operations and no significant events after year-end.

Financial highlights

• Q4 2024 rental income was SEK 19,517k, up from SEK 15,935k in Q4 2023.

• Q4 net operating income was SEK 17,808k, up from SEK 13,939k year-over-year.

• Q4 net profit was SEK 5,875k, compared to a loss of SEK -65,945k in Q4 2023.

• Return on equity for the year was 8.69%, compared to -20.42% last year.

• Earnings per share for the year were SEK 6.92, up from SEK -18.48 year-over-year.

Outlook and guidance

• The board proposes to carry forward retained earnings, focusing on strengthening the balance sheet due to current market conditions.

• Management aims to further strengthen the company to remain an attractive investment alternative.