K2A Knaust & Andersson Fastigheter (publ) today published its interim report for January–June 2022. Profit after tax was SEK 423 million, more than 40 per cent higher than the year-earlier period.
April to June 2022 in figures:
- Rental income amounted to SEK 87.8 million (61.2)
- Net operating income amounted to SEK 62.0 million (43.3)
- Profit from property management amounted to SEK 79.0 million (7.6)
- Changes in value for investment properties amounted to SEK 131.0 million (118.8)
- Profit after tax totalled SEK 184.3 million (93.9) and earnings per ordinary share were SEK 1.96 (0.91).
January to June 2022 in figures:
- Rental income increased to SEK 173.4 million (122.3)
- Net operating income amounted to SEK 111.1 million (82.6)
- Profit from property management amounted to SEK 124.0 million (19.3)
- Changes in value for investment properties amounted to SEK 335.6 million (360.0)
- Profit after tax for the period totalled SEK 423.3 million (301.3) and earnings per ordinary share were SEK 4.56 (3.17)
- The total number of managed apartments amounted to 4,602 (3,504)
During the second quarter, K2A completed more than 300 apartments, which means the number of managed apartments rose 5 per cent to 4,602 as of 30 June 2022.
In 2022, K2A secured three highly attractive land allocations in Stockholm. This means K2A, when the project portfolio is completed, will manage just over 1,200 apartments in the City of Stockholm. Including Stockholm’s neighbouring municipalities, this figures rises to 2,500 apartments, corresponding to almost one-fourth of the number of apartments in K2A’s total property and project portfolio.