Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment.
The company's overall goal is to, over the long term, generate the highest possible risk-adjusted return for the Company's shareholders.
To reach this goal, Sagax has set the following operational targets:
- Sagax shall have a clear focus on long-term growth of the company's income from property management. Long-term lease agreements and long fixed-interest periods create the conditions for efficient use of the group's equity and ensure a stable return from the property holdings.
- Sagax shall strive to manage the company with high efficiency and low operational risk.
- Sagax shall continue to expand through complementary property acquisitions and investments in existing property holdings.
At March 31, 2017, the property portfolio comprised 432 properties with a lettable area of 2,315,000 square meters. The average remaining lease term was 6.9 years. The focus of the portfolio is on the Stockholm region where 38% of the market value and 31% of the rental value is concentrated. At the end of the period, the total rental value and annual contractual rent amounted to SEK 1,888 M and SEK 1,775 M, respectively. This corresponds to an economic leasing rate of 94%.
Profit from property management for 2017, meaning profit before revaluations and tax, based on the current property portfolio and announced acquisitions and divestments is expected to amount to SEK 1 290 M.