Slide 1: Q2 2024 Wallenstam
ante ries Q2 2024 pale Wallenstam Ean
Slide 2: Events during second quarter
Events during second quarter • Acquired land in Nacka • Sold building rights in Umami Park, Sundbyberg • Östermalmshallen Padel has won two prestigious architecture awards.
Slide 3: Wallenstam today
Wallenstam today Stockholm Rental value Residential 51% & Uppsala 210 properties 35% Office 27% Gothenburg 65% Retail 7% 1.4 million sq m Education/care 4% SEK 64 billion in property value Restaurant 4% Garage 2% 96% in occupancy rate Industry/warehouse 3% Cinema 1% 1,238 apartments under constructi
Slide 4: Wallenstam's sustainability work
Wallenstam's sustainability work • Status regarding implementation of CSRD – dual materiality analysis completed • Social sustainability – meetings with tenants to increase collaboration and security • Circular and sustainable construction – joined the recycling hub REbygg • Biological diversity – p
Slide 5: Net operating income, properties
Net operating income, properties SEK million 2024 2023 2024 2023 2023 Jan-Jun Jan-Jun Apr-Jun Apr-Jun Jan-Dec Rental income 1,457 1,339 737 679 2,730 Operating expenses investment properties -347 -367 -163 -170 -730 Net operating income, properties 1,110 972 574 510 1,999 Surplus ratio: 76.2%
Slide 6: Net operating income change
Net operating income change Rental income +118 MSEK New construction Total Acquisitions/sales Comparable holdings & large projects rental income +77 -8 +49 MSEK MSEK MSEK Net operating income +139 MSEK Operating expenses New construction Acquisitions Property maintenance, Total operating Weather wat
Slide 7: Kaserntorget – full-service offices ready for occupation
Kaserntorget 6 – full-service offices ready for occupation
Slide 8: Income from property management
Income from property management SEK million 2024 2023 2024 2023 2023 Jan-Jun Jan-Jun Apr-Jun Apr-Jun Jan-Dec Rental income 1,457 1,339 737 679 2,730 Operating expenses investment properties -347 -367 -163 -170 -730 Net operating income, properties 1,110 972 574 510 1,999 Management costs and adminis
Slide 9: Average fixed interest rate term, 35 months
Average fixed interest rate term, 35 months SEK million 2,500 Interest coverage ratio: 2.2 times 2,000 53% of the loan volume has 1,500 fixed interest. 1,000 500 0 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Maturity interest rate derivatives Maturity fixed rate loan
Slide 10: Balance sheet – Assets
Balance sheet – Assets Assets, 24-06-30 23-12-31 SEK million Investment properties 64,208 63,090 INVESTMENT PROPERTIES, SEK MILLION Development properties 74 77 Investment properties in operation 59,303 Wind turbines 939 985 Projects in progress, rental apartments 2,505 Cash and cash equivalents 218
Slide 11: The value of the properties
The value of the properties Distribution Property value CHANGE DURING THE YEAR, INVESTMENT PROPERTIES SEK million Investment properties, January 1, 2024 63,090 Residential properties, 57% Acquisitions 144 Construction 1,139 Commercial properties, 40% Sales -121 Unrealized change in value -44 Public
Slide 12: Investments in construction
Investments in construction SEK million 4, 000 3, 500 3, 000 2, 500 2, 000 1,500 1, 000 500 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q2
Slide 13: Årstaberg, Stockholm
CONSTRUCTION START IN Q2 Årstaberg, Stockholm • 408 apartments • Estimated completion 2026
Slide 14: 1,238 apartments in ongoing new construction
Occupation starts 2024 Nacka Grace 169 apts. Nacka Älta Torg Kvarter 1 191 apts. Nacka Occupation Occupationstarts starts2025 2025 Occupation starts 2025 Occupation starts 2026 Kallebäcks KallebäcksTerrasser Terrasser Ädellövet Årstaberg Kvarter Kvarter 66 172 apts. 408 apts. 298 298apts. apts. Stoc
Slide 15: Balance sheet – Liabilities and equity
Balance sheet – Liabilities and equity Liabilities and equity, 24-06-30 23-12-31 SEK million Equity/assets Equity 30,743 30,500 ratio: 45% Interest-bearing liabilities 30,023 29,075 Loan-to-value Financial derivative instruments 10 18 ratio: 46% Lease liability 597 544 Other 6,819 6,704 Net asset va
Slide 16: Funding sources
Funding sources Issued new green bonds of SEK 300 million during Q2 2024 Bank loans, SEKM 28,406 95% Bonds, SEKM 1,000 3% Commercial papers, SEKM 617 2% Financing Q2, distribution
Slide 17: Questions?
Questions? Susann Linde, CFO & Head of Investor Relations susann.linde@wallenstam.se
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