Skanska reports property impairments of SEK 861m in third quarter
In short
Skanska recognized total property impairments amounting to SEK 861 million in the third quarter. The financial writedowns directly reduce the carrying value of its property holdings. These adjustments conclude the company's valuation updates for the specific three-month stretch.
Key points
- Portfolio book values have been materially reduced across the company's property holdings.: Portfolio book values have been materially reduced across the company's property holdings.
- Third-quarter balance sheets will absorb the complete impact of the SEK 861 million write…: Third-quarter balance sheets will absorb the complete impact of the SEK 861 million writedown.
- Real estate valuations remain under scrutiny as the construction firm adjusts its quarter…: Real estate valuations remain under scrutiny as the construction firm adjusts its quarterly figures.