Real Estate: Some markets may overheat today – President Akelius
2016-02-08 11:36
(SIX) Akelius Fastigheter CEO Pål Ahlsén see an ongoing "Currency war by printing money and the interest rate weapon" as the reason for why real estate prices are rising sharply. "Some markets are hot today, maybe even overheated. We will likely buy fewer properties in 2016 than we did in 2015, "states Ahlsén in today's financial statements for 2015. For real estate company's own part Ahlsén mean that about half 2015 results, at 9 billion before taxes, is an effect of property price effects from the "currency war". Akelius Fastigheter has its preference shares (but not ordinary shares) listed on First North. Preference shares Investors can in today's report, noting that leverage for the Group declined from 52 percent to 48 percent in 2015 and that the average debt maturity of loans increased from 4.5 years to 5.7 years. Cash flow before change in working capital (FFO) increased to 855 million (661) in 2015. Recent quarterly 5-kronor dividend to preference shareholders amounted to EUR 94 million, equivalent to a cash-flow load of about 376 million annually. For the past SIX interview with Paul Ahlsén see: http://bit.ly/1CB9aoB Johan Eklund, tel +46 31 350 64 87 mailto: johan.eklund@six-group.se www.blogg.six.seSIXNyheter SIX News
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