Wallenstam interim report 1 January – 30 September 2015

CFO Susann Linde, in charge of IR, comments on the interim report at
www.wallenstam.se/presentationer.
A conference call with Susann Linde will take place at 09.30 a.m (CET) at
www.financialhearings.com, the presentation is available at
www.wallenstam.se/presentationer.

1 JANUARY–30 SEPTEMBER 2015

• Income from property management amounted to SEK 512 million (464), an increase
of 10 percent.

• Properties were sold with a value of SEK 1,850 million (1,280). This resulted
in realized changes in value of SEK 144 million (152), which is 9 percent over
the latest valuation.

• Unrealized changes in the value of investment properties amounted to SEK 1,880
million (498), of which new construction represented SEK 435 million (85).

• Changes in the value of derivative instruments amounted to SEK 30 million (
-595).

• Profit after tax amounted to SEK 2,167 million (187), equivalent to SEK 6.5
(0.6) per share.

• Rental income for the interim period amounted to SEK 1,159 million (1,186).

• Acquisitions and investments in properties totalled SEK 2,561 million (1,328).

• The growth rate in net asset value, excluding dividends and repurchases, on a
rolling full-year basis was 17.7 percent.

• During the period, construction started on approximately 370 apartments. We
had around 1,300 apartments under construction on the closing day.

1 JULY–30 SEPTEMBER 2015

• Income from property management amounted to SEK 190 million (173).

• Unrealized changes in the value of investment properties amounted to SEK 169
million (105), of which new construction represented SEK 133 million (17).

• Changes in the value of derivative instruments amounted to SEK -130 million (
-168).

• Profit after tax amounted to SEK 185 million (-167), equivalent to SEK 0.6 (
-0.5) per share.

• Rental income for the third quarter amounted to SEK 387 million (393).

Comment from Hans Wallenstam, CEO

“We are generating considerable surplus value through our work on building
apartments. We are also creating value through conversions and effective
management. Almost 80 percent of the increase in value during the quarter came
from our new construction projects.”

“Happily, we reported net asset value growth on a rolling full-year basis of
17.7 percent during the period, a fantastic performance that is above our goal
of an average net asset value growth of 10 percent per year.”

“The result shows that the operations are continuing to perform very strongly.
Income from property management during the period amounted to SEK 512 million,
an increase of 10 percent. We have a strong financial position with a low loan
-to-value ratio of 44 percent, and a high equity/assets ratio of 43 percent. We
feel very satisfied with the result and performance to date!”

For the complete report, please refer to the attached PDF.

Wallenstam is required to make the information in this report public under the
provisions of the Swedish Financial Markets Act and the Swedish Financial
Instruments Trading Act. The information was made publicly available on November
3, 2015 at 8:00 a.m. (CET).
For further information:
Susann Linde, CFO and IR Director Wallenstam AB (publ) tel. 46 31-20 00 00 or 46
0705-17 11 34
Elisabeth Vansvik, Director of Communications Wallenstam AB (publ) tel. 46 31-20
00 00 or 46 705-17 11 38
www.wallenstam.se
Wallenstam is a growing property company that manages, builds and develops
properties for sustainable living and enterprise in Gothenburg and Stockholm.
The property holding is valued at around SEK 30 billion and the customer base
consists of just over 7,300 households and 1,000 enterprises. The total lettable
area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy
through the company Svensk NaturEnergi and its 67 wind turbines and
hydroelectric plants in operation. The company’s B shares have been listed on
Nasdaq Stockholm since 1984.