During the first quarter of the year, 29 basic and total upgrades of apartments were completed and in 107 apartments upgrades are ongoing. During the quarter, we have prepared for taking possession of the property portfolio in the Rotebro and Rotsunda areas of the municipality of Sollentuna. During the period, rental income increased by 5% and management income per share by 59%, partly explained by an improved net operating income and partly by the quarter not being burdened with costs related to the IPO.
- The long-term impact of the Corona pandemic on the real estate industry is still too early to predict. Despite the crisis, John Mattson is on firm ground, thanks to improved cash flow, comments Siv Malmgren, CEO John Mattson.
Lidingö, 7 May 2020
John Mattson Fastighetsföretagen AB (publ)
For further information, please contact:
Siv Malmgren, Chief Executive Officer
Tel: +46 705 39 35 07, e-mail: email@example.com
Maria Sidén, Chief Financial Officer
Tel: +46 703 37 66 36, e-mail: firstname.lastname@example.org
This information is information that John Mattson Fastighetsföretagen AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 a.m. CEST on 7 May 2020.
About John Mattson Fastighetsföretagen AB (publ)
John Mattson is a private residential property owner with rental apartments on Lidingö and, since 4 May 2020 also in Sollentuna, a total of 2,800 apartments. As of March 31 2020, the market value of John Mattson’s property portfolio was SEK 6.4 billion. The focus of the company’s strategy is on property management, refinement, densification and acquisitions. The management of the company’s properties is characterised by an overall perspective and close customer relationships.