Akelius Residential Property

rental income growth of 5.3 percent,
like-for-like

Rental income was EUR 187 million,
an increase of 6.0 percent compared to the same period 2024.

The trend in rental income growth continues with a like-for-like growth of 5.3 percent.

Strong demand for Akelius’ apartments,
along with high occupancy rates and further completion of capital projects are main drivers.

Despite stable rental income between the first and second quarter in local currency,
USD and CAD depreciation against the EUR negatively impacted the second quarter’s results.

vacancy rate of 3.7 percent

The vacancy rate decreased from 6.0 to 3.7 percent during the last twelve months.
The vacancy rate excluding construction work also decreased, from 1.9 to 1.4 percent.

EUR 39 million change in property value

The value growth was EUR 39 million,
or 0.7 percent, mainly due to stronger property cashflow.

Total property fair value decreased from EUR 5,992 million to EUR 5,621 million in 2025,
mainly due to the depreciation of the USD and CAD against the EUR,
which had a negative impact of EUR 456 million.

loan-to-value at 38 percent

The loan-to-value was 38 percent.

The board of directors has approved the deviation of three percentage points from Akelius’ financial policy,
deeming it to be marginal.

strong financial position

In the second quarter, Akelius raised EUR 107 million secured loans in Canada.

Consequently, the average interest rate increased slightly from 1.15 to 1.35 percent.
The debt maturity is 3.1 years, compared to 2.7 years at the end of 2024.

Akelius has the financial guarantee from the main owner,
unchanged at EUR 1,900 million.

 CEO, Ralf Spann

Focus on property management,
inishing large capital projects and reducing vacancies continue to pay off.

With the financial guarantee from the main owner,
Akelius financial position is strong.

Akelius is still selective with transactions.
 

Stockholm, 2025-07-23

Ralf Spann

CEO

+49 173 643 65 90
ralf.spann@akelius.de
 

This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act.

The information was submitted for publication at 10.30am CEST on 23 July 2025.