• Profit from property management attributable to the parent company's shareholders amounted to SEK 1,402m (1,549), corresponding to a decrease per share by 10% to SEK 1.21 (1.34).

• Long term net asset value amounted to SEK 84.46 per share (91.65).

• Rental income amounted to SEK 3,129m (2,895).

• Profit after tax attributable to the parent company's shareholders amounted to SEK -595m (-51) corresponding to SEK -0.51 per share (-0.04).

Profit from property management for the period amounted to SEK 1,513m (1,646). Profit from property management attributable to the parent company's shareholders amounted to SEK 1,402m (1,549), which corresponds to a decrease per share of 10% to SEK 1.21 (1.34). Profit from property management includes SEK 493m (469) in respect of associated companies.

Net profit after tax for the period amounted to SEK -508m (-128). Net profit after tax for the period attributable to the parent company's shareholders amounted to SEK -595m (-51), corresponding to SEK -0.51 per share (-0.04). Profit before tax was affected by unrealised changes in value in respect of investment properties of SEK -652m (-1,602), realised changes in value in respect of investment properties of SEK 3m (28), profit from sales of development properties SEK -10m (229), changes in value in interest rate derivatives and option component convertible of SEK -280m (-175) and profit from participations in associated companies of SEK -388m (60).

Presentation of Balder's Interim report
On 3 May at 08:45 (CET) Balder's CEO Erik Selin, CFO Ewa Wassberg and IR Jonas Ericson will be hosting an online presentation and telephone conference. The presentation will be held in English, and during the telephone conference there will be an opportunity for representatives from the financial market to ask questions.

Follow the webcast at https://ir.financialhearings.com/fastighets-ab-balder-q1-report-2024.

Please register here (https://financialhearings.com/event/49737) to be able to ask questions during the conference call. Once you have registered, you will receive a phone number and a conference ID. Questions from the media are referred to Media relations at press@balder.se.

The recorded presentation and telephone conference will subsequently be made available here (https://ir.financialhearings.com/fastighets-ab-balder-q1-report-2024).

For further information, please contact:
Erik Selin, CEO, tel. +46 (0)31-10 95 92, erik.selin@balder.se
Ewa Wassberg, CFO, tel. +46 (0)31-351 83 99, ewa.wassberg@balder.se
Jonas Ericson, IR, tel. +46 (0)767 655 088, jonas.ericson@balder.se 

This is information that Fastighets AB Balder (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on May 3, 2024.