Kallebäck Property Invest (KAPIAB) H2 2024 earnings summary

Executive summary

• Owns and manages a single property, Kallebäck 17:2 in Gothenburg, fully leased to Saab AB until 2031, with stable long-term rental income and full CPI adjustment.

• 2024 saw increased rental income, stable operating costs, and a significant positive property revaluation.

• Board proposes a dividend of SEK 12.00 per share for 2024, unchanged from prior year, to be paid quarterly.

Financial highlights

• Rental income for 2024 was SEK 89,907k (up 5.8% year-over-year), driven by CPI adjustment.

• Operating net (driftnetto) increased to SEK 84,574k (from SEK 80,374k), up 5.2% year-over-year.

• Management result (förvaltningsresultat) was SEK 57,182k (SEK 57,870k prior year), down 1.1% due to higher interest costs.

• Net profit after tax was SEK 76,864k (SEK 10,549k prior year), mainly due to a positive property value change of SEK 39,926k.

• Earnings per share for 2024 were SEK 21.06 (SEK 2.89 prior year).

Outlook and guidance

• No material events after the reporting period; long-term lease with Saab AB ensures stable future cash flows.

• Board proposes continued quarterly dividend of SEK 12.00 per share for 2024.