ANNEHEM STANDS STRONG DESPITE UNCERTAIN EXTERNAL FACTORS

In a challenging year with radically changed conditions, Annehem’s portfolio, consisting of sustainable and modern commercial properties in attractive locations in Nordic growth areas, served the company well. With a strong financial position and stable owners with a long-term perspective, Annehem is well positioned for profitable growth in the future.

Annehem is a growth-driven property company, focusing on commercial, community and residential properties in the Nordic growth areas of Stockholm, Skåne, Gothenburg, Helsinki and Oslo. Annehem Fastigheter’s property portfolio comprises 25 investment properties with a value of SEK 4 309 million and a leasable area of 195 000 m2.

Annehem Fastigheter is listed on Nasdaq Stockholm. After a volatile stock market year in 2022, the Annehem share price was SEK 19.80 per share at year-end.

The year’s rental revenue was SEK 217.9 million (187.8), net operating income amounted to SEK 181.3 million (155.8) and the profit from property management for the year, cleared of currency effects in net financial income, was SEK 90.5 million (86.2). At year-end, Annehem Fastigheter’s assets in the form of completed properties had a fair value of SEK 4 309.2 million (3 994.1).

Since 2022, Annehem’s vision is to be the most sustainable property company in the Nordic region. The company’s continuing growth journey is to be characterised by profitability and sustainability with acquisitions that have requirements for high sustainability potential. During the year, the company adopted a new goal of net-zero CO2 emissions by 2030, amended the definition of its energy goal and began to measure property energy instead of purchased energy, and formulated new goals for biodiversity, inclusiveness and training. Annehem’s other long-term goals remain in place, including the growth goal of 20 per cent per year, which now has an extended horizon to 2027, when the company is to have doubled the property portfolio value.

Annehem reports a high equity/assets ratio and a low loan-to-value with loan financing that mainly consists of fixed-interest rate bank loans. According to Annehem, successfully secured conditions for the coming three year’s financing provides good opportunities for focusing on growth and developing the company’s sustainable property management.

The majority of Annehem’s portfolio consists of office premises in attractive locations. At the same time, a diversification of risks and opportunities is important for the company in the future and a selected part of the portfolio will be made up of other types of property such as housing, logistics facilities and community properties. In May, Annehem acquired a logistics facility in Södertälje Almnäs. In July, an agreement was signed about buying land in Sundsvall’s Logistics Park, which was approved in Q4 by Sundsvall Municipality – a transaction with a strong focus on sustainability conducted as a joint venture with Peab. In January 2023, the company acquired its first residential property, located in Malmö. Annehem has a positive view of the market and deems that further business opportunities will arise.