Heimstaden

Highlights (figures in brackets refer to same quarter last year): 

• The Privatisation Plan continued to deliver in line with ramp-up expectations as H1 total sales reached SEK 2,818 million. In the second quarter of 2024, 363 units were sold with a 29.0% premium to book value 

• The NOI margin improved to 71.4% (69.0%) and the LTM NOI margin was 68.3% (66.2%) 

• NOI growth offset slightly expanding yields, leading to a 0.4% (-2.1%) increase in property values 

• Rental income at SEK 3,943 million (3,800) and like-for-like rental growth of 5.1% (5.7%) 

• Real economic occupancy of 98.3% (98.2%) 

• Net LTV of 58.1% (57.2%) and ICR of 1.8x (2.1x)