Interim Report 2021 1 January - 30 June Q2 • Acquisition of property worth SEK 1.9 bn from Higab • Development of new logistics property for NTEX • Real estate combination transaction with Volvo Cars: New development of logistics property and disposal of office properties • Platzer share receives Nasdaq Green Equity Designation • Platzer added to EPRA Index Properties • Platzer receives investment grade rating BBB- 70 • Rental income increased to SEK 589 million (571) • Income from property management increased to SEK 365 million (355) • Profit for the period increased to SEK 781 million (574) Property value SEK 24 billion • Property portfolio increased to SEK 24,386 million (22,575) • Earnings per share totalled SEK 6.49 (4.76) Key Performance Indicators Q2 2021 Q2 2020 Lettable area Long-term net asset value (EPRA NRV) per share 101.38 88.34 847,000 sq. m. Interest coverage ratio (multiple) 4.2 4.0 Loan-to-value ratio, % 49 50 Investment yield, % 3.8 4.2 Surplus ratio, % 77 76 Economic occupancy rate, % 91 94 Platzer Fastigheter Holding AB (publ) PO Box 211, SE-401 23 Gothenburg | Visiting address: Kämpegatan 7 +46 (0)31 631200 |
[email protected] | platzer.se Registered office of Board of Directors: Gothenburg | Corporate ID Number: 556746-6437 2 CEO’s comment Platzer Q2 2021 Property transactions, new lettings and investment grade for green Platzer The quarter just ended was a very eventful period to say the least for our company. We concluded our second largest property transaction ever, we broke new ground by letting projects in the logistics segment, we received an investment grade rating, we are now included in the EPRA real estate index and we became the first Large Cap company to receive the Nasdaq Green Equity Designa- tion.