In connection with each quarterly report, one quarter of the portfolio is valued externally by Savills and the remainder of the portfolio is valued internally. The new valuation exceeds the previously reported total value of the properties, MSEK 12,592 (€ 1,368 M), by MSEK 1,008 (€110 M) or 8%.

“Analysts and other commenters have repeatedly told us that the valuation of our portfolio is too conservative. We therefore choose to procure a current external valuation of our entire property portfolio. The new valuation shows significantly higher values than previous assessments. This new valuation is being published in order to provide everyone with the same information,” says Ulf Nilsson, CEO of D. Carnegie & Co.

The new valuation corresponds to an increase in adjusted equity per share SEK 14.25. The difference is mainly due to lower average yield requirement which in the current valuation is deemed to be around 4.85%. The board of directors’ assessment of current market values will be reported in the year-end report for 2015, which will be published on 26 February 2016.