Higher profit for Fabege

Profit after tax for the first nine months of the year amounted to SEK 2,054m
(828), corresponding to SEK 12.42 per share (5.01). 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.
Investments, rising market rents and lower yield requirements in the market
contributed to a high surplus ratio and strong value growth in the property
portfolio.
Fabege’s property management portfolio contributed to the earnings for the
period through strong cash flow and value growth. Fabege reported favourable net
asset value growth, with EPRA NAV (long-term net asset value) increasing SEK 18
compared with the year-earlier period amounting to SEK 107 per share. Net
lettings for the first nine months of the year amounted to SEK 78m.

“The strong market also contributed to higher rent levels following
renegotiations and continued falling yield requirements, and we are now rapidly
approaching record-low yield requirements. However, we have proven for a long
time that we have great power in our hands and that our earnings are not
dependent only on the market and economic climate,” 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 08:02 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.