JANUARY – SEPTEMBER 2024

• Rental income increased by 16% to SEK 3,678 million (previous year SEK 3,160 million).
• Property management profit attributable to shareholders of the parent company increased by 8% to SEK 3,217 million (2,972).
• The real estate management profit per class A and B share after dilution amounts to SEK 8.94 (8.64).
• The revaluation of real estate had an impact on profit of SEK 456 million (-1,680).
• The revaluation of financial instruments had an impact on the result of SEK 1,074 million (-734), of which SEK 1,335 million concerned the revaluation of Sagax’s participation in NP3 Fastigheter AB which was reclassified from associated company to listed instrument.
• Profit after tax for the period attributable to shareholders of the parent company amounts to SEK 4,256 million (420).
• Cash flow from operating activities before changes in working capital amounted to SEK 2,704 million (2,707), corresponding to SEK 7.43 (7.81) per class A and B share after dilution.
• Net investments in real estate amounted to SEK 5,842 million (3,725), including SEK 5,087 million (3,237) for real estate acquisitions.

THIRD QUARTER 2024

• Rental income increased by 16% to SEK 1,290 million (previous year SEK 1,113 million).
• Property management profit attributable to shareholders of the parent company increased by 14% to SEK 1,161 million (1,015).
• The property management profit per class A and B share after dilution amounts to SEK 3.24 (2.90).
• The revaluation of real estate had an impact on profit of SEK 254 million (-314).
• The revaluation of financial instruments had an impact on the result of SEK 971 million (-27), of which SEK 1,335 million concerned the revaluation of Sagax’s participation in NP3 Fastigheter AB which was reclassified from associated company to listed instrument.
• Profit after tax for the period attributable to shareholders of the parent company amounts to SEK 2,198 million (634).
• Cash flows from operating activities before changes in working capital amounted to SEK 915m (925), corresponding to SEK 2.52 (2.62) per class A and B share after dilution.
• Net investments in real estate amounted to SEK 4,298 million (2,335), of which real estate acquisitions accounted for SEK 4,054 million (2,140).

UNCHANGED FORECASTS FOR 2024

Property management profit for 2024 attributable to shareholders of the parent company, i.e. profit before revaluations and taxes, based on the current real estate portfolio, announced acquisitions and disposals and current exchange rates, is expected amount to SEK 4,300 million. The forecast was presented in the interim report for January-March 2024.

For more information, please contact CEO David Mindus, tel. +46 8 – 545 83 540.

About Sagax

AB Sagax is a real estate company whose business concept is to invest in commercial properties, primarily in the warehouse and light industrial segment. Sagax’s real estate assets as of September 30, 2024 amounted to 4,767,000 square meters, distributed among 970 buildings. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

This is information that AB Sagax (publ) is legally required to publish under the EU Market Abuse Regulation. The information was published, via the contact person above, on October 25, 2024 at 1:00 p.m. (CEST).

Every care has been taken in the translation of this press release. However, in the event of discrepancies, the Swedish original will take precedence over the English translation.