Year-end report January-December 2014

January – December 2014

  · Rental income amounted to SEK 2,087m (2,059). In an identical portfolio,
income rose slightly more than 5 per cent.
  · Net operating income increased about 5 per cent to SEK 1,485m (1,411). The
surplus ratio rose to 71 per cent (69).
  · Profit from property management rose 11 per cent to SEK 682m (614).
  · Realised and unrealised changes in value amounted to a positive SEK 1,639m
(874) for properties and a negative SEK 473m (pos: 408) for interest-rate
derivatives.
  · Profit before tax for the year amounted to SEK 1,867m (1,992). The decline
was due in its entirety to a higher deficit value in the portfolio of derivative
instruments. Profit after tax for the year was SEK 1,738m (1,530), equal to
earnings per share of SEK 10.51 (9.26).
  · Net lettings for the year totalled SEK 243m (68) after major project
lettings to, among others, TeliaSonera and SEB in Arenastaden. The rent levels
from all renegotiated leases rose an average of 11 per cent.
  · Adjusted for purchase considerations outstanding, the equity/assets ratio
was 40 per cent and the loan-to-value ratio 56 per cent.
  · The Board proposes a dividend of SEK 3.25 per share (3.00).

Fabege has strong finish to the year and implements many business transactions

“The rate of business activity was high throughout the year, not only on the
transaction side but also in property management and project operations. We
noted record levels of net lettings, which enabled us to increase the pace of
development of our project portfolio, with a number of major ongoing projects
that extend a couple of years into the future. While the projects continue to
generate value, we also noted strong value growth in our modern and well-located
property management portfolio during the year,” says Christian Hermelin,
President and CEO of Fabege.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, President and CEO of Fabege, phone 46 (0)8-555 148 25, 46
(0)733-87 18 25
Åsa Bergström, Vice President and CFO, phone 46 (0)8-555 148 29, 46 (0)706-66 13
80

This constitutes information that Fabege AB (publ) may be legally obliged to
publish under the Securities Market Act and/or the Financial Instruments Trading
Act. The information was released for publication at 11:00 am CET on 4 February
2015.
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 32.6bn. The portfolio is concentrated
in the Stockholm region and has an annualised rental value of SEK 2.2bn and a
lettable area of 1m sqm. Fabege’s shares are listed on NASDAQ OMX Stockholm,
Large Cap segment.