1 January - 31 March 2021
- Rental income amounted to TEUR 1,794 (1,775)
- Net operating income totalled TEUR 1,470 (1,522), corresponding to a surplus ratio of 81.94% (85.73)
- Profit from property management amounted to TEUR 1,043 (1,107)-Profit for the period was TEUR 792 (996)
- Cash flow from operating activities totalled TEUR 1,375 (9,211)
- The market value of the investment property at 31 March 2021 was TEUR 131,000 (131,000)
- The interest coverage ratio was a multiple of 4.38 (5.02)-The loan-to-value ratio was 59.54% (59.54)
- EPRA NRV per share amounted to EUR 9.54 (10.02)
For further information, please contact:
Ingeborg Magnusson, IR Contact, Fleming Properties AB (publ)
Tel: +46 (0)8 402 51 05
John Malmström, CEO, Fleming Properties AB (publ)
Tel: + 46 (0)8 402 53 84
Fleming Properties AB (publ) in brief
Fleming Properties AB is a Swedish holding company that owns a modern office complex in central Helsinki through a subsidiary. The modern office properties were recently fully renovated and encompass a lettable area of about 41,000 square metres and 498 parking spaces, with around 90% of the lettable area and parking spaces let to SOK. The company's shares have been traded on Spotlight Stock Market since 14 October 2019.
The information in this press release is of such a nature that Fleming Properties AB (publ) is legally required to disclose pursuant to the EU's Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons above, on 25 May 2021.
For more information about Fleming Properties AB (publ), visit www.flemingproperties.se and www.spotlightstockmarket.com
Kallelsen till årsstämma i Fleming Properties AB (publ) som offentliggjordes den 25 februari 2021 rättas på så sätt att sista dag för anmälan om deltagande på stämman ska göras senast den 24 mars 2021, och inte den 23 mars 2021 som tidigare angavs. Den justerade kallelsen framgår nedan.
Fleming Properties is a real estate company that owns and manages a prime office property in Central Helsinki.
Pareto Business Management
Pareto Business Management ("PBM") is specialized in management and development of companies within real estate, infrastructure and shipping & offshore. PBM has over 180 companies with assets of more than EUR 5.5 billion under management in the Nordic region.
PBM was founded in 1986 as subsidiary of the Pareto Group and today employs some 50 employees, specializing in commercial management, development, technical management, accounting, taxation and company law.
Flemings Properties AB is managed by experienced employees at PBM who are responsible for the company's and its real estate portfolio’s management and development (see "Management") with the mission to run the company with high standard of professionalism, value creation and good communication towards the shareholders.