Interim report January – September 2015

  · Rental income declined to SEK 1,493m (1,565) due to a smaller property
portfolio than in the year-earlier period. In an identical portfolio, income
rose approximately 4 per cent.
  · Net operating income declined to SEK 1,080m (1,120). In an identical
portfolio, net operating income increased approximately 4 per cent. The surplus
ratio was 72 per cent (72).
  · Profit from property management increased to SEK 516m (508). Profit from
property management included non-recurring items in associated companies at an
expense of SEK 48m.
  · Realised and unrealised changes in value amounted to SEK 1,974m (904) for
properties and SEK 111m (neg: 377) for fixed-income derivatives.
  · Profit for the period before tax amounted to SEK 2,637m (1,032). Profit
after tax for the period amounted to SEK 2,054m (828), corresponding to SEK
12.42 per share (5.01).
  · Net lettings for the period amounted to SEK 78m (246), following major
lettings to, for example, ICA, KPMG and SBAB, and a number of management
lettings. The rent levels from renegotiated leases increased an average of 13
per cent.
  · The equity ratio amounted to 39 per cent (38) and the loan-to-value ratio 55
per cent (60).

Strong market paves the way

“We are experiencing a high level of activity in the rental market and our areas
are attracting many potential tenants. I am satisfied with the high net lettings
and retention rate during the period. We have highly favourable market
conditions but it is also the impressive efforts of our organisation that have
laid the foundation for the strong earnings,” says Christian Hermelin, CEO of
Fabege.

Fabege AB
(publ)


For further information, please contact:
Christian Hermelin, CEO of Fabege, Tel: +46 8 555 148 25, +46 733 87 18 25
Åsa Bergström, Deputy CEO and CFO, tel: +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 08:00 am CET on 20 October
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 37.6bn. The property portfolio is
concentrated in the Stockholm region and has an annualised rental value of SEK
2.2bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq
Stockholm, Large Cap segment.