Reitir fasteignafélag Logo

Reitir fasteignafélag

ISIN

IS0000020352

Ticker

REITI

Sector

Real Estate

Sub-Industry

Real Estate Development

Country

Iceland

Year Founded

2008

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.

Headcount

21

Served Area

Iceland

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

  • Consolidated Report 2023 - Q4 Icelandic 🇮🇸 Published: 20.02.2024
  • Consolidated Report 2022 - Q4 Icelandic 🇮🇸
  • Consolidated Report 2021 - Q4 Icelandic 🇮🇸

Capital Markets Information

ISIN

IS0000020352

LEI

967600GFEYNJK2W4G048

Listed Stock Exchange

Nasdaq Iceland

Stock Index

OMX Iceland All-Share Index

Contact Investor Relations Department

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