K2A Knaust & Andersson Fastigheter AB: Year-end report 2021
2021 was a strong year for K2A with sustained high levels of activity in transactions, project development and management. For the full year, rental income amounted to SEK 272.7 million and the net operating income was SEK 183.9 million, up 34.8% and 31.8%, respectively. Our target for the operating surplus is annual average growth of 25%, which means that our growth target was exceeded.
The Swedish property market was strong in 2021 and more and more capital is being allocated to real estate investments. Stronger demand has led to falling yield requirements and higher property valuations. The interest in secure assets such as rental apartments and public properties has been particularly high and favoured K2A. Value changes amounted to SEK 371 million for the fourth quarter, and SEK 742 million for the full year. The value changes are helping to grow EPRA NRV. K2A's growth target for EPRA NRV is an average annual growth of at least 20%. In 2021, EPRA NRV per ordinary share rose 54.6%.
- K2A's focus on rental units and public properties combined with organic growth and a strong green profile means that we are also well positioned for a continued positive trend and high activity moving forward, says Johan Knaust, CEO K2A.
This disclosure contains information that K2A Knaust & Andersson Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 16-02-2022 15:00 CET.