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Northern Logistic Property ASA today released its results for second quarter and first half year 2008.
Highlights
* Rental income NOK 91 mill (NOK 76 mill), year to date NOK 182 mill (NOK 161 mill) * Operating income before fair value adjustments NOK 78 mill (NOK 69 mill), YTD NOK 152 mill (NOK 140 mill) * Cost of debt 5.0% (5.0%) * Earnings before income taxes NOK 16 mill (NOK 160 mill), YTD loss NOK 22 mill (NOK 227 mill) * Agreement with Brinova and Green Cargo for an extension of the property in Haninge Stockholm with 10,000 sqm, valued at SEK 90 mill * Acquisition of five properties totalling 110,000 sqm located in central logistics clusters in Sweden from Kungsleden AB, valued at SEK 600 mill
About Northern Logistic Property ASA
Northern Logistic Property ASA is a leading pure-play logistic property company based in Northern Europe. The portfolio consists of 19 advanced logistic properties located in larger and regional cities in Sweden and Denmark, with a total lettable area of approximately 694,000 sq.m. See also www.nlpasa.com.
For further information: Erik Dahl, CFO & acting CEO; +47 450 55 000, email: erik.dahl@nlpasa.com
