Logistea

Summary period January – September 2024
· Income increased by 67 per cent and amounted to SEK 465 million (278).
· Net operating income increased by 83 per cent to SEK 385 million (210).
· Profit from property management amounted to SEK 157 million. Profit from property management, excluding transaction costs related to the business combination with KMC Properties ASA (“KMCP”), increased by 106 per cent to SEK 169 million (82).
· Profit before tax amounted to SEK 209 million (114), with positive impact from property value changes of SEK 144 million (20).
· Earnings per share amounted to SEK 0.6 (0.6).
· Net asset value per share increased to SEK 15.0 (13.2).
· On July 11, Logistea expanded its property portfolio by acquiring 72 properties across eight countries from KMCP. The transaction means that Logistea’s rental value increased by approx. SEK 513 million and the property value increased by approx. SEK 6.9 billion. In connection with the acquisition, a total of 230,815,283 ordinary shares in Logistea were issued as consideration, corresponding to a purchase price of SEK 3,449 million.
· During the period, in addition to KMCP’s property portfolio, a total of four properties with a total property value of SEK 649 million were acquired.

Summary quarter July – September 2024
· Income increased by 174 per cent and amounted to SEK 244 million (89).
· Net operating income increased by 204 per cent to SEK 219 million (72).
· Profit from property management amounted to SEK 90 million. Profit from property management, excluding transaction costs related to the business combination with KMCP, increased by 206 per cent to SEK 92 million (30).
· Profit before tax amounted to SEK 7 million (94), with positive impact from property value changes of SEK 23 million (64).
· Earnings per share amounted to SEK 0.0 (0.4).
· During the quarter, Logistea's Class B share was included in EPRA's (European Real Estate Association) equity index, a leading stock index for listed real estate companies.
· In September, following the business combination with KMCP, Logistea updated its financial targets and risk limits.

It feels gratifying to be able to present an interim report for Logistea after the merger with KMC Properties. The company has a stable financial position with long leases and falling financing costs. Logistea is well equipped for continued growth. The revenue for the period amounts to SEK 465 million (278), the operating net to SEK 385 million (210) and the management result, adjusted for transaction costs from the merger, has increased by 106 percent to SEK 169 million (82). The management profit per share amounts to SEK 0.5 (0.5) and the net asset value per share amounts to SEK 15.0 (13.2).After the merger, we have reached a critical mass with a property portfolio of SEK 13.1 billion and a reassuring loan-to-value ratio of 48.4 percent. However, we are not satisfied there and will continue to grow within our segment, says CEO Niklas Zuckerman

At 09:00 today, Friday 25 October, there is a possibility to watch a presentation of the Interim Report. The report will be presented by Logistea’s CEO Niklas Zuckerman and CFO Philip Löfgren in English. The presentation will be webcasted live and to watch the webcast, follow this link. A recording will be available afterwards on Logistea’s website.

If you wish to participate via teleconference, please register via this link. After registration, you will receive phone numbers and a conference ID to access the conference. It will be possible to ask questions verbally via the teleconference.