AB Sagax

SAGA B

Equity

ISIN SE0005127818 / Valor 21046143

NASDAQ Nordic Exchange Stockholm, Equities (2025-03-14)

SEK 209.60+2.75%

AB Sagax
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About company

AB Sagax is a property company specializing in commercial properties, with a focus on the warehouse and light industrial segment. The company's business concept revolves around investing in properties within these sectors, aiming to generate returns through strategic acquisitions and management of their real estate portfolio. AB Sagax's core business lies in the commercial property market, specifically targeting warehouse and light industrial properties for investment opportunities.

Summarized from source with an LLMView SourceSector: Telecommunications

Rental Revenue Growth

In the third quarter of 2024, AB Sagax reported a 16% increase in rental revenue, reaching SEK 1,290 million compared to SEK 1,113 million in the same period the previous year. This growth reflects the company's successful property management and leasing strategies.

Profit from Property Management

AB Sagax's profit from property management attributable to the Parent Company's shareholders rose by 14% in Q3 2024, amounting to SEK 1,161 million, up from SEK 1,015 million in the third quarter of 2023. This increase underscores the company's effective management of its property portfolio.

Impact of Revaluations

During the third quarter of 2024, property revaluation positively impacted AB Sagax's profit by SEK 254 million, a significant improvement from the negative impact of SEK 314 million in the same quarter of the previous year. Additionally, the revaluation of financial instruments contributed SEK 971 million to the profit.

Profit After Tax

AB Sagax reported a substantial increase in profit after tax for Q3 2024, with the figure reaching SEK 2,198 million, compared to SEK 634 million in the third quarter of 2023. This remarkable growth highlights the company's strong financial performance during the period.

Net Investments in Properties

In the third quarter of 2024, AB Sagax made net investments in properties totaling SEK 4,298 million, a significant rise from SEK 2,335 million in the same period the previous year. Property acquisitions accounted for SEK 4,054 million of these investments, demonstrating the company's commitment to expanding its property portfolio.

Summarized from source with an LLMView Source

Key figures

-19.5%1Y

-21.1%3Y

98.9%5Y

Performance

26.4%1Y

38.2%3Y

39.1%5Y

Volatility