Atrium Ljungberg

ATRLJ B

Equity

ISIN SE0000191827 / Valor 267513

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 193.80-1.22%

Atrium Ljungberg
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About company

Atrium Ljungberg is a prominent Swedish property company that specializes in owning, developing, and managing a diverse portfolio of properties, with a primary focus on offices. In addition to offices, the company also manages residential properties, cultural, service, retail, and educational facilities, creating vibrant urban environments where people want to be. With a strong presence in growing cities such as Stockholm, Uppsala, Malmö, and Gothenburg, Atrium Ljungberg is one of Sweden's largest listed property companies, with a total letting area of around 1 million square meters valued at SEK 48 billion. Property development plays a crucial role in the company's future value growth, with a project portfolio that will enable significant investments in confirmed and potential projects in the coming years.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Atrium Ljungberg reported a significant increase in revenue for Q2 2024. The company's revenue grew by 5.0% compared to the same period last year, driven by strong performance across its diversified portfolio. This growth was particularly notable in the office and retail segments, which saw increases of 5.6% and 3.8%, respectively.

Net Operating Income

In Q2 2024, Atrium Ljungberg's net operating income saw a substantial rise. The company reported a 6.9% increase in net operating income from comparable portfolios, with offices contributing a 7.4% increase and retail properties a 6.5% increase. This growth underscores the company's effective management and operational efficiency.

Completed Projects Contribution

Completed projects significantly contributed to Atrium Ljungberg's rental growth in Q2 2024. The company reported that these projects added SEK 38 million to rental income. This positive impact highlights the successful execution and strategic importance of their development projects.

Rental Income Transactions

Atrium Ljungberg experienced a change in rental income due to transactions in Q2 2024. The company reported a decrease of SEK 61 million in rental income from transactions, reflecting the dynamic nature of their property portfolio management. This change is part of their ongoing strategy to optimize asset performance.

Financial Stability

Atrium Ljungberg maintained a strong financial position in Q2 2024. The company reported an interest coverage ratio of 3.9 times and a net debt to EBITDA ratio of 10.0 times. Additionally, the loan-to-value ratio stood at 40.4%, indicating a balanced approach to leveraging and financial risk management.

Summarized from source with an LLMView Source

Key figures

-15.7%1Y

0.05%3Y

-13.9%5Y

Performance

27.5%1Y

36.0%3Y

35.7%5Y

Volatility