Solnaberg Property (SOLNA) H2 2024 earnings summary

Executive summary

• Market value of the property increased to SEK 1,273m from SEK 1,260m year-over-year.

• Rental income rose 7% to SEK 81m, mainly due to indexed rent increases.

• Net profit for the year was SEK 31.4m, up from a loss of SEK 3.0m in 2023.

• Board proposes dividend increase to SEK 8 per share, up from SEK 6.

• IFRS accounting standards adopted from 2024, impacting key figures.

Financial highlights

• Rental income including supplements: SEK 80,966k (2023: SEK 75,558k).

• Operating surplus: SEK 61,637k (2023: SEK 59,531k).

• Management result: SEK 31,972k (2023: SEK 30,597k).

• Net profit: SEK 31,354k (2023: SEK -2,971k).

• EPS: SEK 8.34 (2023: SEK -0.79).

Outlook and guidance

• Dividend proposed at SEK 8 per share, distributed over four dates.

• Stable interest costs and predictable income/costs support higher dividend.