Interim report January-September 2009

Interim report January-September 2009 

• Earnings from property management activities grew by 43 per cent to SEK 624m
(437)
• Rental income decreased to SEK 1,647m (1,674) due to net sales of properties
• The surplus ratio increased to 67 per cent (65)
• The profit after changes in value and tax was SEK 202m (251) and earnings per
share were SEK 1.23 (1.50)
• Equity per share was SEK 59 (65)

“This has been a very good quarter” Christian Hermelin, Fabege's CEO, says. “Our
rental income increased and our running costs fell, thanks to our conscious
efforts to increase our net operating income, which has given us a quarterly
surplus ratio of a highly respectable 70 per cent. Thanks to historically low
interest rates, our property management earnings for the quarter increased by
almost 90 per cent on the same quarter last year. Net lettings was positive and
few renegotiations took place during the quarter, but those that did made
positive contributions to rental value. “

“If I were to summarise, I see  stability today and potential in the future. Our
portfolio of modern offices in attractive locations gives the company stability,
something that has been very evident in our results this year. Our portfolio
also has every potential, thanks to good growth locations, to continue to
generate value-added gains in the future and thus constitutes a perfect
foundation for our business model,”  Christian Hermelin concludes.

Fabege AB (publ) 

Enclosed: Interim report January-September 2009

For further information, please contact:
Christian Hermelin, President and CEO, phone +46 (0)8-555 148 25, +46 (0)733-87
18 25
Åsa Bergström, Executive Vice President and CFO, phone +46 (0)8-555 148 29, +46
(0)706-66 13 80
Annette Kaunitz, Director of Communications, phone +46 (0)8-555 148 20, +46
(0)708-390 337

Fabege AB (publ) discloses the information in this press release according to
the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The
information was submitted for publication at  08:30 on September 27, 2009. 

Fabege AB (publ) är ett av Sveriges ledande fastighetsbolag med inriktning mot
kommersiella lokaler och äger fastigheter till ett bok¬fört värde av 29,5
miljarder kronor. Fastighetsbeståndet, som är koncentrerat till
Stockholmsregionen, har ett hyresvärde på helårsbasis uppgående till 2,4
miljarder kronor och en uthyrningsbar yta på 1,4 miljoner kvadratmeter.
Fabegeaktien är noterad på Stockholmsbörsen, Large Cap-segmentet.