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Vasakronan’s year-end report 2021
- Rental revenue increased 6% (0) to a total of SEK 7,425 million (7,006). In comparable property holdings, the increase in rental revenue was 2% (negative: 1).
- New lettings were contracted corresponding to 124,000 square metres (119,000) and an annual rent of SEK 592 million (535). Net lettings amounted to SEK 132 million (negative: 136) for the quarter and negative SEK 56 million (negative: 18) for the full year.
- The price change after renegotiations averaged 8%, compared with 7% for the same period last year. Renegotiations were completed in the year corresponding to an annual rent of SEK 1,326 million (977).
- The occupancy rate was 91.4% (91.9) at the end of the period. Of total vacancies, 1.1 percentage points (2.0) were attributable to ongoing projects and development properties.
- Operating surplus increased 7% (0), totalling SEK 5,533 million (5,189). For comparable property holdings, the increase in operating surplus was 2% (0).
- Profit before value changes and tax increased to SEK 4,391 million (3,577)
- The change in the property value amounted to SEK 15,255 million (1,083), corresponding to a 9.5% (0.8) increase in value. The change in value was primarily due to the downward adjustment of yield requirements.
- The portfolio value at the end of the period amounted to SEK 181,575 million (162,420).
- The value change in derivatives was SEK 938 million (negative: 167) at period end.
- Profit after tax was SEK 16,359 million (3,714).
- A dividend of SEK 4,000 million (2,000) has been proposed to the Annual General Meeting.
“I am satisfied with the operating surplus of a full 7%, which was attributable to high occupancy rates for completed projects and successful renegotiations. Despite a hesitant start to the year, I have noted that businesses and companies are now doing well and have the confidence to take forward-looking decisions. This was clearly visible in the large volume of new contracts signed in the fourth quarter, which resulted in positive net lettings of SEK 132 million. The volume of renegotiated contracts was also higher than usual, totalling SEK 1.3 billion for the full year,” says Johanna Skogestig, CEO of Vasakronan.
Click here to read the full report
Click here to access the press release in Swedish
Click here to access the report in Swedish

For further information, please contact:
Johanna Skogestig
Verkställande direktör
Tel: 073-068 75 17
E-post: johanna.skogestig@vasakronan.se
About Vasakronan
Vasakronan is Sweden’s leading property company with a portfolio valued at around SEK 178 billion. The portfolio is focused on centrally located office and retail properties in the growth regions of Stockholm, Uppsala, Gothenburg and Malmö. In terms of city retail, Vasakronan is the largest in all regions. The property portfolio comprises 166 properties with a total area of about 2.4 million square metres. The company is owned in equal shares by the First, Second, Third and Fourth Swedish national pension funds. Our assignment is to generate a high, riskweighted return. Though never at the expense of the environment and people. Read more at www.vasakronan.se