Interim Report, January – September 2008

Catena’s income from property management continues to increase

• Rental revenue during the period totaled SEK 140.4 M (133.7 in corresponding period a year earlier).

• Income from property management amounted to SEK 64.6 M (54.8), or SEK 5.59 per share (4.74).

• Profit before tax for the period was SEK 3.3 M (226.6).

• Profit after tax for the period amounted to SEK 6.0 M (178.2), or SEK 0.52 per share (15.41).

• Realized change in value included in profit before tax amounted to SEK 4.3 M (37.7)

• Unrealized change in value included in profit before tax amounted to SEK -65.6 M (134.1)

• Investments in existing portfolio amounted to SEK 98 M during the period.

• Acquisition of land was carried out totally SEK 8 M.


Peter Hallgren, President and CEO:

- Catena’s income from property management improved and increased 17 percent compared with the year-earlier period and amounted to SEK 64.6 M. Rental revenues for Catena also continued to rise. The increase was 5 percent compared with a year earlier.


- During the third quarter, the trend toward higher yield requirements and thus lower property values continued. At the same time, our investments in existing properties positively impacted property values, limiting the negative impact on pre-tax income.

- Catena is well equipped to handle a continued market decline, with its low loan-to-value ratio (50 percent), high interest coverage ratio (2.5 times) and long leases (9.5 years on average).


For information, please contact Peter Hallgren, President and CEO, tel +46-31-760 09 32, or Rune Jonsson, CFO, tel +46-31-760 09 35


N.B. This is a translation from Swedish. The Swedish version shall always take precedence.


The Interim Report can be downloaded from www.catenafastigheter.se

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