Interim report January–June 2022: SLP’s financial situation creates room for continued sustainable growth

Rental income increased by 66%, amounting to SEK 200 million (121).
Profit from property management, excluding listing expenses increased by 74% and amounted to SEK 110 million (63).
Profit for the period was impacted by none-recurring costs of SEK 25 million (0) related to the IPO.
Earnings per share after dilution amounted to SEK 1.8 (2.1).
Net asset value (NAV) per share after dilution increased by 17% in the period and amounted to SEK 21.3.
Net rental income in the period amounted to SEK 4.9 million (11.1).
Seven properties and an area of land were acquired and taken into possession with a total lettable area of approximately 63,200 sqm and a property value of SEK 567 million (660).
Acquisition of an ongoing new production project in Halmstad of approximately 5,900 square meters with planned access to the property on 30 September.
Retail property in Malmö sold with an agreed property value of SEK 144 m, which was more than 20 percent above the latest external market valuation.
Substantially oversubscribed public offering of new Class B shares worth valued at SEK 750 million.
On 23 March, trading of the company’s Class B shares on Nasdaq Stockholm commenced.
A new share issue of SEK 169 m was registered, which related to five SLP acquisitions which were partly paid with shares.
Viktoria Wöhl was recruited as head of environmental sustainability, a new role within the company to coordinate and lead the company’s environmental initiatives.
SLP has renegotiated approximately SEK 700 million of the existing loan portfolio into so-called green loans.

“We are closely following the development of the financial markets, and in the current circumstances I am reassured that SLP’s financial situation is strong. The combination of only secured bank financing with a loan-to-value ratio of 45 percent and a desirable property portfolio with CPI indexed rental agreements, generates stable cash flows which in turn enables sustainable growth in the future,” comments Peter Strand, CEO of SLP.

This disclosure contains information that Swedish Logistic Property is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 14 July 2022, 08:45 CEST.

The interim report will be presented via a recorded audiocast today at 10:00 a.m. CEST. Peter Strand, CEO, and Tommy Åstrand, CFO, will comment on the results and operations. The presentation material (images+audio) will be available at: https://slproperty.se/en/ir/reports-and-presentations/ and https://tv.streamfabriken.com/slp-q2-rapport-2022

For further information, please contact:
Peter Strand, CEO of SLP, telephone: +46 705 881 661

About SLP – Swedish Logistic Property
SLP – Swedish Logistic Property – is a Swedish real estate company with a focus on logistics properties. Since its inception, the company has maintained a high pace and in a short time has completed several high-profile acquisitions. SLP has a high ambition regarding sustainability and works responsibly from environmental perspectives. The company’s property portfolio comprises a lettable area of approximately 690,000 square meters. SLP’s share of series B is listed on Nasdaq Stockholm. For further information: slproperty.se

Invitation to the presentation of SLP’s results for January–June 2022

Peter Strand, CEO, and Tommy Åstrand, CFO, will comment on the results and operations. The presentation material (images+audio) will be available at: https://slproperty.se/en/ir/reports-and-presentations/ and https://tv.streamfabriken.com/slp-q2-rapport-2022

The presentation will be held in Swedish. Questions can be submitted in writing via email to info@slproperty.se. The presentation material in Swedish and English will be available on SLP’s website https://slproperty.se/en/ir/reports-and-presentations/ from 9:45 a.m. CEST on 14 July 2022.

For further information, please contact:
Peter Strand, CEO of SLP, telephone: +46 705 881 661

About SLP – Swedish Logistic Property

SLP – Swedish Logistic Property – is a Swedish real estate company with a focus on logistics properties. Since its inception, the company has maintained a high pace and in a short time has completed several high-profile acquisitions. SLP has a high ambition regarding sustainability and works responsibly from environmental perspectives. The company’s property portfolio comprises a lettable area of approximately 690,000 square meters. SLP’s share of series B is listed on Nasdaq Stockholm. For further information: slproperty.se

Interim report January–March 2022: Strong financial base for further growth

Rental income increased by 68%, amounting to SEK 97m (57).
Profit from property management, excluding listing expenses increased by 71% and amounted to SEK 50m (29).
Profit for the period was impacted by non-recurring costs of SEK 25m (0) related to the IPO.
Earnings per share after dilution increased by 45% and amounted to SEK 1.0 (0.7).
Net asset value (NAV) per share after dilution increased by 11% and amounted to SEK 20.2.
Net rental income in the period amounted to SEK 3.7m (0.4).
Significantly oversubscribed public offering for new Class B shares valued at SEK 750m, of which SEK 652m was raised in the period prior to transaction costs and the exercise of the overallotment option.
On 23 March, trading of the company’s Class B shares on Nasdaq Stockholm commenced.
Two properties were acquired and taken into possession with a total lettable area of approximately 21,000 square metres and a property value of SEK 186m (378).
Acquisition of attractive land in Landskrona where an environmentally certified new production project of approximately 5,500 square meters will be built. A ten-year lease agreement for approximately 3,600 square meters with an annual rent of SEK 2.5m was signed with planned move-in in March 2023.
A new share issue of SEK 145m was registered, which related of three SLP acquisitions during 2021 which were partly paid with shares.
Viktoria Wöhl was recruited as environmental and sustainability manager, a new role to coordinate and lead the company’s environmental initiatives.

“It is pleasing that our first report as a listed company indicates continuous progress, both financially and operationally. Profit from property management in the first quarter amounted to SEK 50m excluding non-recurring items, equivalent to an increase of 71 percent year-on-year,” commented Peter Strand, CEO of SLP.

This disclosure contains information that Swedish Logistic Property is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 04-05-2022 08:45 CET.

Invitation to the presentation of SLP’s results for January–March 2022

Peter Strand, CEO, and Tommy Åstrand, CFO, will present the results and operations. The presentation material (images+audio) will be available at:

https://slproperty.se/en/ir/reports-and-presentations/ and https://tv.streamfabriken.com/slp-q1-rapport-2022

The presentation will be held in Swedish. Questions can be submitted in writing via email to info@slproperty.se, answers will be compiled during the day and published on the company’s website. The presentation material in Swedish and English will be available on SLP’s website https://slproperty.se/en/ir/reports-and-presentations/ from 9.45 a.m. CEST on 4 May 2022.

For further information, please contact:
Peter Strand, CEO of SLP, telephone: +46 705 881 661

About SLP – Swedish Logistic Property

SLP – Swedish Logistic Property – is a Swedish real estate company with a focus on logistics properties. Since its inception, the company has maintained a high pace and in a short time has completed several high-profile acquisitions. SLP has a high ambition regarding sustainability and works responsibly from environmental perspectives. The company’s property portfolio comprises a lettable area of approximately 660,000 square meters. SLP’s share of series B is listed on Nasdaq Stockholm. For further information: slproperty.se