NORDIC BUSINESS REPORT-July 9, 2020-Kungsleden's H1 2020 results not affected by COVID-19 pandemic
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Kungsleden AB (STO:KLED), a long term property owning company, reported on Wednesday profit from property management of SEK611m, for the first half of 2020, from January 2020 to June 2020.
This was a 6% increase as compared with SEK579m in H1 2019. The increase is mainly due to higher rental revenue in like-for-like portfolio terms and completed projects.
Revenues for the half year increased by 6% to SEK1,265m, as compared with SEK1,192m in H1 2019.
New leasing for the half year was SEK73m, as compared with SEK93m in H1 2019, while net leasing was SEK8m, as compared with SEK10m in H1 2019.