D. CARNEGIE & CO AB ACQUIRES 749 APARTMENTS IN VÄSTERÅS

D. Carnegie & Co AB (publ) has entered into an agreement to acquire four properties from Bostads AB Mimer for SEK 765m (before deduction for deferred tax amounting to SEK 31m). The properties are all located in the Västerås in what is the first acquisition by D. Carnegie & Co of a property portfolio from a public housing company. The transaction is a share deal with closing scheduled in the first half of 2018.

D. CARNEGIE & CO AB ACQUIRES 1,420 APARTMENTS IN THE STOCKHOLM REGION

D. Carnegie & Co AB (publ) has entered into an agreement to acquire 27 properties for SEK 2.47 billion (before deduction for deferred tax amounting to SEK 0.21 billion). The properties are located in Järna, Södertälje and Nynäshamn, all within the Stockholm region. The properties are near to other D. Carnegie properties. The transaction is a share deal with closing scheduled in the first half of 2018.

D. Carnegie & Co completes SEK 3,255 million refinancing

D. Carnegie & Co AB (publ) has completed a SEK 3,255 million refinancing with AIG Asset Management (Europe) Limited alongside a SEK 750 million revolving capex facility. The loan and capex facilities have a 7 year maturity profile which lengthen the company’s overall debt maturity profile from 3.3 years to 5.5 years.

Continued high levels of activity generating significant value

D. Carnegie & Co AB (publ) reports for the third quarter of 2017 a sharp increase in income from property management, SEK 135 million, compared with SEK 109 million for the second quarter of the previous year. Profit before tax is up to SEK 525 million compared to SEK 364 million for the third quarter of the previous year. For the first nine months, income from property management amounted to SEK 295 million, compared with SEK 217 million for the corresponding period previous year. Profit after tax for January-September amounted to SEK 1,229 million compared with SEK 999 million corresponding period previous year.  Earnings per share after tax were SEK 15.86 (12.92). The adjusted equity (EPRA NAV) increased 34 percent compared to the corresponding quarter 2016 and amounted to SEK 122.04 per share (91.26) as of 30 September 2017.

Change in number of shares and votes in D. Carnegie & Co

The number of shares of series B and votes in D. Carnegie & Co has changed as a result of the exercise of 13,000 warrants within the company’s 2014 incentive program. At the last trading...

Continued high refurbishment pace and strong growth in profit in second quarter

D. Carnegie & Co AB (publ) reports for the second quarter of 2017 a sharp increase in income from property management, SEK 100 million, compared with SEK 72 million for the second quarter of the previous year. Profit before tax is up to SEK 616 million compared to SEK 504 million for the second quarter of the previous year. For the first half year, income from property management amounted to SEK 160 million, compared with SEK 109 million for the corresponding period previous year. Profit before tax for January-June amounted to SEK 704 million compared with SEK 634 million corresponding period previous year.  Earnings per share after tax were SEK 6.14 (5.02). The adjusted equity (EPRA NAV) increased 33 percent compared to the corresponding quarter 2016 and amounted to SEK 113.12 per share (85.05) as of 30 June 2017.

D. Carnegie & Co has divested a site-leasehold with a grocery store in Akalla

D. Carnegie & Co AB (publ) – listed on Nasdaq Stockholm – has completed the divestment of a site-leasehold with a grocery store in Akalla. The buyer is a wholly owned subsidiary of SSM Holding AB (publ). The agreed property value amounts to SEK 80m, which is 95 percent above book value.

Bulletin from Annual General Meeting of D. Carnegie & Co AB

The following resolutions were passed at the Annual General Meeting (the “AGM”) of D. Carnegie & Co AB (the “Company”) on 10 May 2017. Approval of the annual report, appropriation of...

Highest refurbishment pace

D. Carnegie & Co AB (publ) reports for the first quarter of 2017 a sharp increase in income from property management, SEK 60 million, compared with SEK 37 million for the first quarter of the previous year. This is a direct sign of improved financial results from the intensive investment activities performed by D. Carnegie & Co. Earnings per share after tax were SEK 2.96 (3.47). The adjusted equity (EPRA NAV) increased 33 per cent compared to the same quarter 2016 and amounted to SEK 106.04 per share (79.79) as of 31 March 2017.

High investments generates record results

D. Carnegie & Co AB (publ) reports record results for 2016 driven by the high investment pace. The profit before tax amounted to SEK 2,072 million - up 46 percent compared to last year. Also income from property management was considerably higher, SEK 269 million, compared to SEK 186 million the previous year. This is primarily driven by increased revenue and lowered costs due the large value-adding investments.

D. Carnegie & Co acquires residential property portfolios in Arboga, Köping and Tranås

D. Carnegie & Co AB (publ) – listed on Nasdaq Stockholm – has entered into an agreement to acquire residential property portfolios in Arboga, Köping and Tranås. The seller is Fastighets AB Balder (publ). The property portfolios comprises 42 properties and 1,681 apartments. The agreed property value is SEK 1,420 million and the purchase price amounts to SEK 1,040 million. The transaction is a share deal with closing on May 2, 2017.

Invitation to D. Carnegie & Co´s investor meeting

D. Carnegie & Co – listed on Nasdaq Stockholm – invites to an investor meeting Wednesday February 22, 2017. At the meeting Blackstone – D. Carnegie & Co´s new principial shareholder is presented. 

D. Carnegie & Co AB updates share register

Due to major changes in the ownership structure after Blackstone’s mandatory tender offer the share register at the homepage has been updated.For more information, please contact:Ulf Nilsson,...

New Head of Investor Relations at D. Carnegie & Co AB

Björn Sundberg, who currently is Head of Communications, has now also been appointed to Head of Investor Relations at D. Carnegie & Co AB. More information about Björn is accessible through https://www.hemblagroup.se/en/management/.