Wallenstam AB (publ) year-end report 1 January-31 December 2015: A net asset value growth of 20 %

CEO Hans Wallenstam, comments on the year-end report at
www.wallenstam.se/presentationer.
A conference call with Susann Linde, CFO in charge of IR, will take place at
3.00 p.m (CET) at www.financialhearings.com, the presentation is available at
www.wallenstam.se/presentationer.

1 JANUARY–31 DECEMBER 2015

  · Net asset value, excluding dividends and repurchases, increased by 20
percent during the year.
  · Profit after tax amounted to SEK 2,754 million (585), equivalent to SEK 8.3
(1.7) per share.
  · Income from property management amounted to SEK 672 million (592), an
increase of 14 percent.
  · Properties were sold with a value of SEK 2,129 million (2,349), resulting in
realized changes in value of SEK 204 million (283).
  · Unrealized changes in the value of investment properties amounted to SEK
2,507 million (829), of which new construction represented SEK 639 million
(146).
  · Changes in the value of derivative instruments amounted to SEK 165 million (
-854).
  · Rental income for the year amounted to SEK 1,549 million (1,566).
  · Acquisitions of properties totalled SEK 1,270 million (42) and investments
in properties amounted to SEK 1,902 million (1,899).
  · During the period, construction started on approximately 850 apartments. We
had about 1,700 apartments under construction on the closing day.
  · The Board proposes a dividend of SEK 1.50 per share (1.13), which is
equivalent to an increase of 33 percent.

1 OCTOBER–31 DECEMBER 2015

  · Income from property management amounted to SEK 160 million (129), an
increase of 24 percent.
  · Unrealized changes in the value of investment properties amounted to SEK 627
million (331), of which one third, SEK 204 million (61), came from new
construction.
  · Changes in the value of derivative instruments amounted to SEK 136 million (
-259).
  · Profit after tax amounted to SEK 586 million (398), equivalent to SEK 1.8
per share (1.2).
  · Rental income for the fourth quarter amounted to SEK 390 million (380).

Comment from Hans Wallenstam, CEO
“In 2015, the net asset value growth was 20 percent! This was generated through
our own work in new construction projects, strong letting activities and by
having our costs in focus. I can state that an increasingly large proportion of
the sharp increase in value is coming from our new construction projects. During
the year, we replenished our land reservations with several major exciting urban
development projects. Our project portfolio now consists of many interesting
development areas and projects in our regions and includes thousands of future
apartments.”

“Completion of the newly produced rental properties is also having a positive
impact on income from property management, which increased by 14 percent during
2015. During the fourth quarter, the increase was 24 percent. In a nutshell, our
business is performing very well! The shareholders will also get participate in
the company’s excellent performance through the Board’s proposed dividend of SEK
1.50 per share, an increase of 33 percent.”

For the complete report, please refer to the attached PDF.

Wallenstam AB (publ) is required to make this information public under the
provisions of the Swedish Financial Markets Act and the Swedish Financial
Instruments Trading Act. The information was made publicly available on 24
February 2016 at 2.00 p.m CET.
For further information:
Elisabeth Vansvik, Director of Communications, Wallenstam AB (publ) tel. 46 31
20 00 00 or 46 705 17 11 38
Susann Linde, CFO and IR Director Wallenstam AB (publ) tel. 46 31 20 00 00 or 46
705 17 11 34
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 32 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. The company’s B shares have been listed
on Nasdaq Stockholm since 1984.