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Northern Logistic Property ASA today released its results for the third quarter 2008.
Highlights
* Rental income NOK 91 mill (NOK 83 mill), year to date NOK 273 mill (NOK 245 mill) * Operating income before fair value adjustments NOK 78 mill (NOK 73 mill), YTD NOK 231 mill (NOK 213 mill) * Write down of properties NOK 207 mill, year to date write down NOK 324 mill * Cost of debt 5.0% (5.1%) * Loss before income taxes NOK 240 mill, YTD loss before income taxes NOK 262 mill * Recurring earnings increased approximately 7% from Q3 2007, YTD increase of approximately 31%
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 24 advanced logistic properties located in larger and regional cities in Sweden and Denmark, with a total lettable area of approximately 804,000 sq.m. See also www.nlpasa.com
For further information: Per Gunnar Rymer, CEO: +47 907 77 627, email: per.gunnar.rymer@nlpasa.com Erik Dahl, CFO; +47 450 55 000, email: erik.dahl@nlpasa.com
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