Wallenstam interim report 1 January – 30 June 2015

CEO Hans Wallenstam and CFO Susann Linde, in charge of IR, comment 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 JUNE 2015

  · Income from property management amounted to SEK 322 million (289), an
increase of 11 percent.
  · Properties were sold with a value of SEK 1,756 million (771). This resulted
in realized changes in value of SEK 133 million (98), which is 8 percent over
the latest valuation.
  · Unrealized changes in the value of investment properties amounted to SEK
1,711 million (393), of which new construction represented SEK 302 million (68).
  · Changes in the value of derivative instruments amounted to SEK 160 million (
-427).
  · Profit after tax amounted to SEK 1,981 million (354) and earnings per share
were SEK 5.9 (1.1).
  · Rental income for the interim period amounted to SEK 771 million (793).
  · Investments in properties totalled SEK 1,927 million (931).
  · The growth rate in net asset value, excluding dividends and repurchases, on
a rolling full-year basis was 14.7 percent.
  · We had around 1,400 apartments under construction on the closing day.

1 APRIL – 30 JUNE 2015

  · Income from property management amounted to SEK 171 million (150).
  · Unrealized changes in the value of investment properties amounted to SEK
1,537 million (283), of which new construction represented SEK 182 million (21).
  · Changes in the value of derivative instruments amounted to SEK 298 million (
-220).
  · Profit after tax amounted to SEK 1,823 million (177) and earnings per share
were SEK 5.5 (0.5).
  · Rental income for the second quarter amounted to SEK 390 million (394).

Comment from Hans Wallenstam, CEO

“I feel very satisfied that all the numbers are moving in the right direction!
Income from property management that increased by 11 percent, despite a number
of property sales. An equity/assets ratio of 43 percent and a loan-to-value
ratio of 44 percent – something that feels secure and creates a fantastic basis
for our investment plans. An increase in value of SEK 1.7 billion in our
investment properties – one fifth of which was generated through our own work
with new construction projects and conversions. The effect of our business
concept and current business plan with an emphasis on value creation through new
production combined with effective management is now starting to become really
apparent in the numbers.”

“Our goal is to achieve an average net asset value growth, excluding dividends
and repurchases, of at least 10 percent per year until the end of 2018. This
year, the growth rate in net asset value on a rolling full-year basis is more
than 14 percent!”

 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 August
5th, 2015
For further information:
Susann Linde, CFO, in charge of IR Wallenstam AB (publ) tel. +46 31 20 00 00 or
+46 705 17 11 34
Elisabeth Vansvik, Communications director Wallenstam AB (publ) +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.