Tornet publishes interim report January-March 2005 (SE)

Tornet has published its interim report for the period of January to March 2005. In this period net profit amounted to SEK 101 million (SEK 133 million in the same period in 2004).

Figures in short (compared to Q1 2004):

  • Rental income SEK 417 mln (2004: SEK 582 mln)
  • Operating profit SEK 228 mln (2004: SEK 334 mln)
  • Net profit for the period SEK 101 mln (2004: 133 mln)
  • Net profit per share SEK kr 3.90 (2004: SEK kr 5.10)
  • Shareholder's equity per share SEK 168 (2004: 276)
  • Occupancy ratio area 86.3% (2004: 88.6%)
  • Occupancy ratio financial 88.3% (2004: 90.5%)


Sales
During the period, 12 properties (5) have been sold for SEK 1,440
million (516). The sales price exceeds the book value by SEK 92 million, which corresponds to 7%.

Events after the end of the period
After the end of the period 38 properties have been sold for SEK 1,596 million which exceeds the book value by SEK 83 million.

Source: Tornet

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