Growth remains strong for John Mattson
In first quarter of the year, John Mattson’s growth in income from property management per share amounted to 136%. Adjusted for non-recurring items in 2021, income from property management per share increased 70%. Growth in net asset value (NAV) per share was 36%. Property value increased SEK 1 billion in the first quarter and amounted to SEK 16.9 billion at the end of March.
“Our successful acquisitions in 2021, in combination with the value created through management and project activities, are generating continued growth. The expanded property portfolio means we now have the prerequisites in place to create a more cost efficient organisation going forward. During the period, we took possession of three properties at Gullmarsplan and together with our development properties in Slakthusområdet, this means we are now eagerly anticipating being part of the expansive development of Söderstaden. Our successful apartment upgrades continue and a decision was taken during the quarter to start a new upgrade project at the Gengasen property in Örby,” comments John Mattson’s CEO Per Nilsson.
Lidingö, Sweden, 5 May 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]
Lars Ingman, acting CFO of John Mattson
+46 (0)72-092 88 88, [email protected], www.johnmattson.se
This information is information that John Mattson Fastighetsföretagen AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 a.m. CEST on 5 May 2022.
About John Mattson Fastighetsföretagen AB (publ)
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 31 March 2022, the property value was SEK 16.9 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.