John Mattson is strengthening the company for the future
In the second quarter, John Mattson’s income from property management per share increased 85% year-on-year. Adjusted for non-recurring items in 2021, income from property management per share increased 63%. Growth in net asset value (NAV) per share increased 29%.
“Following a period of strong growth, we are refining the property portfolio and making the company even stronger for the future. Through the sale of three properties, we are creating the preconditions for more cost-effective property management and have made clear progress toward a lower loan-to-value ratio. During the second quarter, we signed an agreement to refinance a bank loan and procured interest rate hedges, which significantly increased our average credit and fixed-interest tenors. I am very proud that we raised our sustainability ambitions and established new long-term sustainability targets in the second quarter. We have also reviewed our long-term financial targets and removed the target for property value given that it had already been met by the end of 2021. Our other financial targets remain valid,” says Per Nilsson, CEO of John Mattson.
Lidingö, 18 August 2022
John Mattson Fastighetsföretagen AB (publ)
For further information, please contact:
Per Nilsson, CEO of John Mattson
+46 (0)72-224 90 28, [email protected]
Mattias Lundström, CFO of John Mattson
+46 (0)72-220 21 33, [email protected]
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 18 August 2022.
John Mattson is a residential property owner with 4,500 rental apartments as well as commercial premises in five municipalities of Stockholm: Lidingö, Sollentuna, Stockholm, Nacka and Upplands Väsby. As of 30 June 2022, the property value was SEK 16.8 billion. The focus of the company’s strategy is on property management, adding value, densification and acquisitions. The management of John Mattson’s properties is characterised by an overall perspective and close customer relationships. The company’s goal is to create great neighbourhoods across generations. John Mattson’s shares are listed under the symbol JOMA on Nasdaq Stockholm, Mid Cap. Read more at: johnmattson.se and corporate.johnmattson.se.