Fabege

• Rental income increased to SEK 1,685m (1,480). In an identical property portfolio, income increased with 12 per cent compared with the previous year.

• Net operating income increased to SEK 1,241m (1,081). In an identical property portfolio, net operating income increased by 13 per cent.
• The surplus ratio was 74 per cent (73).
• Contract sales residential amounted to SEK 308m and gross profit amounted to SEK 27m
• Net interest amounted to -460 (-264).
• Profit from property management amounted to SEK 703m (729).
• Realised and unrealised changes in the value of properties amounted to SEK -3,824m (3,252).
• Profit after tax for the period amounted to SEK -3,222m (5,519), corresponding to earnings per share of SEK -8.06 (13.71).
• Net lettings for the period amounted to SEK 22m (44).
• The equity ratio amounted to 47 per cent (51) and loan-to-value amounted to 40 per cent (36).

"We saw stable earnings with rental income that increased by 14 per cent and net operating income that increased by 15 per cent. The interest rate trend has led to higher interest expenses and higher yield requirements and thus to lower property values," says Stefan Dahlbo, CEO.

"We reported positive net lettings of SEK 34m during the second quarter and of SEK 22m for the first six months of the year. In addition, we also had the letter of intent for the letting of the entire property Nöten 4, comprising 66,000 sqm. The supply of larger modern premises is still limited, particularly in Stockholm inner city and in Arenastaden," concludes Stefan Dahlbo, CEO.

Fabege AB (publ)

Presentation of the report

Stefan Dahlbo, CEO, and Åsa Bergström, CFO, will present the report today at 09:00 am in Swedish. Follow the presentation via link: https://ir.financialhearings.com/swe-fabege-q2-2023

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.financialhearings.com/teleconference/?id=200804

A presentation in English will be held at 11:00 CET. You can follow this via https://ir.financialhearings.com/eng-fabege-q2-2023

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference
https://conference.financialhearings.com/teleconference/?id=200806

This information is information that Fabege AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation(596/2014). The information was submitted for publication, through the agency of the contact person set out above,
at 7 July 2023, 07:30 CET.