Builder Anders J Ahlström Fastighets AB: Interim report 2017-quarter 1

Builder Anders J Ahlström Fastighets AB (publ): Interim report 2017-quarter 1

Press Release Stockholm 2017-05-15

Builder Anders J Ahlström Fastighets AB (publ) (hereinafter referred to as the AJA real Estate or the Company) today publishes the interim report for the 1st quarter of 2017 for the parent company and for the group.

With the amount in parentheses referred to in the following outcomes in the corresponding period of the previous year.

The group in summary

1 January – 31 march

  • Rental income by 25.5 m (25.8 m)

  • Net rental income sek 12.9 m (13,3)

  • Prot margin 50,4% (51,6)

  • Management 10.2 m (9,7)

  • Recognised unrealised gains and losses on derivative financial instruments -13,3 m (-0,2)

  • The carrying value included development rights 1 330,5 m (1 325,0)

  • Comprehensive income -7,2 million (2.4 million)

  • Free cash flow of 1.3 m (2.9)


Significant events during the first quarter of 2017

In the beginning of February and chose the Builder, Anders J Ahlström Fastighets AB, with its subsidiaries to hedge the loan portfolio by signing financial derivatives in the form of interest rate swaps on a total of 600 million SEK. Räntesäkringen is equivalent to over 87 per cent of the total loan portfolio. The agreements have been concluded on the following durations:

· 120 million $ in 7 years

· 120 million $ in 8 years

· 120 million $ in 9 years

· 240 million $ in 10 years

Interest rate swap agreements mean that the group has an average interest rate throughout the loan portfolio, including margin of approximately 4%. Average interest rate on the concluded the swap agreement is 1.16%. Average fixed-interest period amounts to 7.5 years.

Significant events after the end of the period

At the annual general meeting on 25 april 2017, it was decided that no dividend would be. All members of the board were re-elected and Mikael Ahlström remained as chairman of the board.

For more information, please contact:

Stefan Dahlbo, President | Builder Anders J Ahlström Fastighets AB (publ)| +46-70-353 18 88 |

This information is such information as the master Builder Anders J Ahlström Fastighets AB (publ) is obliged to publish under the Swedish securities market act. The information was submitted for publication on may 15, 2017, at 07:00.

The company is the parent of a socially-orientated property group focused on acquiring well-maintained properties within the so-called million programme. The strategy is that through a combination of innovation in communication, funding, and operation and maintenance, linked to a big bet on the social activities, to create value for sellers, residents and the company itself.

The company’s corporate bond is traded on the Nasdaq Stockholm (ISIN: SE0008294342).

Builder Anders J Ahlström Fastighets AB (publ)

Corporate identity number: 556734-5805

Address: Domarebacken 38, 145 57 Norsborg

Tel switchboard: 042-21 00 08


www.andersjahlstrom.see the/real estate


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