Reitir fasteignafélag Logo

Reitir fasteignafélag

ISIN: IS0000020352 | Ticker: REITI | LEI: 967600GFEYNJK2W4G048
Sector: Real EstateSub-Industry: Real Estate Development
Country: Iceland

About Reitir fasteignafélag

Company Description

Iceland’s Leading Provider of Customized Real Estate for Innovative Organizations

Reitir is focused on retail, office and hospitality real estate in Iceland’s capital area, our portfolio consists of about 135 properties. Well-known properties in the portfolio include the Kringlan shopping centre, Reykjavik Hilton, the local Stock Exchange building and some well-known rows of buildings in Reykjavik's historical centre.

Reitir's employees have vast experience and knowledge of every corner of the commercial real estate market. We focus on tailoring real estate to clients needs and fostering mutually beneficial long-term business relationships with our tenants.

Year founded

2008

Served area

Iceland

Headcount

21

Headquarters

Kringlunni 4-12, 103 Reykjavík – Iceland

Financial statements

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Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Assets N/A 156,491,000,000.00 171,124,000,000.00 174,880,000,000.00 193,381,000,000.00
Noncurrent Assets N/A 152,824,000,000.00 168,393,000,000.00 172,951,000,000.00 190,194,000,000.00
Property Plant And Equipment N/A 218,000,000.00 246,000,000.00 242,000,000.00 223,000,000.00
Investment Property N/A 152,606,000,000.00 168,147,000,000.00 172,270,000,000.00 189,971,000,000.00
Noncurrent Receivables N/A N/A 0.00 439,000,000.00 0.00
Current Assets N/A 3,667,000,000.00 2,731,000,000.00 1,929,000,000.00 3,187,000,000.00
Current Receivables From Sale Of Properties N/A 352,000,000.00 116,000,000.00 0.00 N/A
Cash and cash equivalents 1,190,000,000.00 2,054,000,000.00 957,000,000.00 42,000,000.00 1,277,000,000.00
Current Restricted Cash And Cash Equivalents N/A 34,000,000.00 51,000,000.00 829,000,000.00 131,000,000.00
Equity And Liabilities N/A 156,491,000,000.00 171,124,000,000.00 174,880,000,000.00 193,381,000,000.00
Equity 47,644,000,000.00 52,828,000,000.00 58,719,000,000.00 56,104,000,000.00 60,273,000,000.00
Issued Capital N/A 778,000,000.00 767,000,000.00 746,000,000.00 722,000,000.00
Retained Earnings N/A 21,065,000,000.00 22,053,000,000.00 28,169,000,000.00 34,150,000,000.00
Share Premium N/A 26,011,000,000.00 25,082,000,000.00 23,133,000,000.00 21,233,000,000.00
Other Reserves N/A 4,974,000,000.00 10,817,000,000.00 4,056,000,000.00 4,168,000,000.00
Liabilities N/A 103,663,000,000.00 112,405,000,000.00 118,776,000,000.00 133,108,000,000.00
Noncurrent Liabilities N/A 97,774,000,000.00 105,046,000,000.00 108,177,000,000.00 121,182,000,000.00
Deferred Tax Liabilities N/A 12,489,000,000.00 14,651,000,000.00 14,271,000,000.00 16,815,000,000.00
Longterm Borrowings N/A 80,132,000,000.00 84,936,000,000.00 88,030,000,000.00 98,380,000,000.00
Current Liabilities N/A 5,889,000,000.00 7,359,000,000.00 10,599,000,000.00 11,926,000,000.00
Trade And Other Current Payables N/A 1,143,000,000.00 1,400,000,000.00 1,542,000,000.00 1,874,000,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A N/A 5,959,000,000.00 9,057,000,000.00 10,052,000,000.00
Line item in (isk) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
01.01.2023/
01.01.2024
Profit Loss From Operating Activities 8,992,000,000.00 16,487,000,000.00 10,969,000,000.00 20,900,000,000.00
Finance Income 153,000,000.00 38,000,000.00 84,000,000.00 246,000,000.00
Finance Costs 6,326,000,000.00 6,786,000,000.00 10,761,000,000.00 11,096,000,000.00
Profit Loss Before Tax 2,819,000,000.00 9,739,000,000.00 292,000,000.00 10,050,000,000.00
Income Tax Expense Continuing Operations 872,000,000.00 2,156,000,000.00 -381,000,000.00 2,546,000,000.00
Profit (loss) 1,947,000,000.00 7,583,000,000.00 673,000,000.00 7,504,000,000.00
Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Profit (loss) N/A 1,947,000,000.00 7,583,000,000.00 673,000,000.00 7,504,000,000.00
Adjustments For Income Tax Expense N/A 872,000,000.00 2,156,000,000.00 -381,000,000.00 2,546,000,000.00
Adjustments For Depreciation And Amortisation Expense N/A 7,000,000.00 7,000,000.00 7,000,000.00 9,000,000.00
Interest Paid Classified As Operating Activities N/A 3,137,000,000.00 2,809,000,000.00 2,915,000,000.00 3,355,000,000.00
Interest Received Classified As Operating Activities N/A 149,000,000.00 38,000,000.00 79,000,000.00 252,000,000.00
Cash Flows From Used In Operating Activities N/A 2,801,000,000.00 4,479,000,000.00 6,362,000,000.00 7,020,000,000.00
Cash Flows From Used In Investing Activities N/A -1,801,000,000.00 -6,167,000,000.00 -2,619,000,000.00 -6,388,000,000.00
Proceeds From Issuing Shares N/A 5,089,000,000.00 0.00 N/A N/A
Payments To Acquire Or Redeem Entitys Shares N/A 766,000,000.00 940,000,000.00 1,970,000,000.00 1,924,000,000.00
Dividends Paid Classified As Financing Activities N/A 1,090,000,000.00 778,000,000.00 1,320,000,000.00 1,403,000,000.00
Cash Flows From Used In Financing Activities N/A -140,000,000.00 593,000,000.00 -4,660,000,000.00 598,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 860,000,000.00 -1,095,000,000.00 -917,000,000.00 1,230,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 4,000,000.00 -2,000,000.00 2,000,000.00 5,000,000.00
Cash and cash equivalents 1,190,000,000.00 2,054,000,000.00 957,000,000.00 42,000,000.00 1,277,000,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ICE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ICE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ICE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

IS0000020352

LEI

967600GFEYNJK2W4G048

Sector

Real Estate

Industry Group

Real Estate Management & Development

Industry

Real Estate Management & Development

Sub-Industry

Real Estate Development

Listed Stock Exchange

Nasdaq Iceland

Stock Index

OMX Iceland All-Share Index

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