WALLENSTAM B

Swedish property company Wallenstam AB on Tuesday reported a sharp rise in third-quarter profit, swinging back from a loss a year ago, helped by a positive revaluation of its financial derivatives.

Swedish property company Wallenstam AB on Wednesday cut its long-term growth target, citing persistent economic headwinds including high inflation and interest rates.

Swedish property company Wallenstam AB reported a net loss for the second quarter after negative value changes in financial instruments erased gains from its core rental business.

Swedish property company Wallenstam AB has sold a newly constructed property in Nacka to KPA Pension for an agreed value of 822 million Swedish kronor, the company said.