INTERIM REPORT JANUARY – JUNE, 2009

Catena’s earnings increased 83%.

• Rental revenue during the period totaled SEK 99.8 M (93.1).
• Income from property management amounted to SEK 53.9 M (43.0), or SEK 4.66 per share (3.72).
• Profit before tax for the period was SEK 49.8 M (29.6).
• Profit after tax for the period amounted to SEK 38.0 M (20.8), or SEK 3.29 per share (1.80).
• Realized change in value included in profit before tax amounted to SEK 3.2 M (4.3)
• Unrealized change in value amounted to a loss of SEK 7.3 M (loss:17.7), for which property accounts for a loss of SEK 1.9 M (loss: 27.1) and derivatives for a loss of SEK 5.4 M (profit 9.4).
• Investments in existing portfolio amounted to SEK 32 M (63) during the period.


Peter Hallgren, President and CEO:

• Catena’s earnings trend remained strong. Profit for the first six months of 2009 was SEK 38 million, up 83% compared with the year-earlier period. Profit from management operations was also strong and rose 25% to SEK 53.9 million.

• Despite the recession, rental operations were successful, including the signing of an eight-year lease for the largest vacant property in the portfolio, situated in Copenhagen.

• The operation in Norway was reorganized and outsourced to external property managers. Parts of the operation in Stockholm were also reorganized. Cost savings are estimated at approximately SEK 3 million/year. These actions will begin having an impact from the third quarter of 2009.

• Catena has a historically high interest coverage ratio of 3.2 times. Direct yield amounted to 7.3%.




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



This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on August 19, 2009, at 08.15 a.m.

The full report