Slide 1: Interim report Q1 2024
Interim report Q1 2024 3 May 2024 External
Slide 2: Highlights Q1 2024
Highlights Q1 2024 111 MSEK 78 MSEK 35 MSEK +17% +18% +46% Income NOI PFPM 8.1 years 6.7% 44.1% Valuation WAULT Net LTV yield 2
Slide 3: Logistea in brief
Logistea in brief Snapshot of Logistea 31 March 2024 Nasdaq Mid Cap 95.7% 10% (A and B share) Economic occupancy rate 12% 48% 6,001 MSEK 6.7% 14% Property value(a) Valuation yield 17% 8,504 SEK 8.1 years West Mid South SEK/sqm property value(b) Lease duration East North 404 MSEK 13.9 SEK Rental valu
Slide 4: Transactions during 2024
Transactions during 2024 Nybro Skiffern Karlstad Busterud Falun Främby Closed in January 2024. Fully leased partly automated Same transaction as Skiffern. Fully leased logistics terminal Closed in March 2024. Fully leased production facility to NKT warehouse to the tenant Royal Design until 2034. Th
Slide 5: Solid tenant base
Solid tenant base Tenant structure Lease maturity structure 80% 74% NKT AB; 10% 70% 60% Nordic Nest AB; 7% 50% 10 största kunderna; GDL AB; 5% 40% Övriga; 59% 41% LB-Hus AB; 5% 30% Royal Design Group Holding AB; 3% 20% Olle Svenssons Partiaffär AB; 3% 10% 10% 7% Cellbes AB; 3% 3% 3% 3% ABB AB; 2% 0%
Slide 6: Valuation yield of 6.7%
Valuation yield of 6.7% 6 000 7,0% Unrealised change in value for properties Q1 2024 5 000 6,5% 4 000 6,0% +0.2% Deffered tax rebates 3 000 5,5% 2 000 5,0% 1 000 4,5% +0.6% Yield 0 4,0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2022 2023 2024 Property value EPRA NIY • 24% of the property portfolio was valued by exter
Slide 7: Strong transaction market
Strong transaction market Average rents prime logistics • Stabilized market yields for completed transactions in the quarter 1 200 1 000 • Increased transaction volumes in the first quarter 800 • Transaction volume for all segments totaled SEK 17 billion, an increase of 15 per cent. 600 • Transactio
Slide 8: Financials
Financials ye
Slide 9: Earnings and profit
Earnings and profit Income, MSEK Net operating income, MSEK Profit from property management, MSEK 120 450 90 350 35 400 120 80 30 100 300 350 70 100 250 25 80 300 60 80 250 50 200 20 60 200 40 60 150 15 40 150 30 40 100 10 100 20 20 5 20 50 50 10 0 0 0 0 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 10: Financing profile
Financing profile Capital structure 6 000 60% Loan-to-value 44.1% 5 000 55% 50% 4 000 41.4% 45% Secured loan-to-value 3 000 40% 35% 2 000 Equity ratio 47.8% 1 000 30% 25% 0 20% Fixed-interest period 2.4 y Q2 2022 Q3 Q4 Q1 2023 Q2 Q3 Q4 Q1 2024 Interest bearing debt Other liabilities Equity Equity ra
Slide 11: Current earnings capacity 31 March 2024
Current earnings capacity 31 March 2024 MSEK MSEK 30/09/2022 31/12/2022 31/03/2023 30/06/2023 30/09/2023 31/12/2023 31/03/2024 Investment properties Rental value 256 304 330 329 327 366 404 Operation supplements 58 59 60 63 63 65 68 Vacancy -2 -5 -12 -12 -15 -16 -17 Property costs -91 -93 -95 -97 -9
Slide 12: Logistea's share
Logistea’s share • Completed directed share issue of 250 MSEK in March to fund upcoming Owner LOGI A LOGI B Capital, % Votes, % attractive transactions and investments. Slättö 4,346,862 37,916,219 17.8 20.8 • Länsförsäkringar Fonder, AP4, M2 and Slättö among others were allocated. Rutger Arnhult w.
Slide 13: Events after the first quarter
Events after the first quarter Åmål (Transaction) Borås Viared (Transaction) Fortifikationsverket (New lease) Signed in May with closing on 1 June. Fully leased single Signed in May with estimated closing in Q4 2024, when the New lease with the new tenant Fortifikationsverket. 6,100 tenant property
Slide 14: Q&A
Q&A ye
Slide 15: Appendix
A Pp pendi x ye
Slide 16: Sustainability
Sustainability Sustainability update Energy saving measures - Annually move at least 10 percent of the properties in the comparable portfolio to a significantly better energy class through energy projects by the end of 2025. Solar energy - Increase the installed capacity from solar energy by 1 MWp a
Slide 17: Consolidated income statement
Consolidated income statement MSEK Jan-Mar 2024 Jan-Mar 2023 Income 111 95 +2,4% Like-for-like Property costs -33 -29 +12% Like-for-like Net operating income 78 66 +0,8% Like-for-like Central administration -10 -9 Net financial income -33 -33 5.0% interest Profit from property mgmt 35 24 0.2 SEK/sha
Slide 18: Consolidated balance statement
Consolidated balance statement MSEK Mar 2024 Mar 2023 Comment Property value 6,001 8,997 sek/sqm 4,927 8,664 sek/sqm Derivatives 22 8 Other assets and receivables 106 124 Cash and bank balances 289 62 Total assets 6,418 5,121 Equity 3,071 2,100 EPRA NRV 13.3 SEK/share Deferred tax 226 185 Interest-b