Heimstaden

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

• Like-for-like rental growth of 6.3% (4.2%) and rental income of SEK 4,017 million (3,905)
• Strong operating fundamentals leading to a 0.8% (-1.4%) increase in property values
• Privatisation sales, for the quarter, reached SEK 2,409 million with 516 units sold at a 24.6% premium to book value
• The NOI margin improved to 73.0% (69%) and the LTM NOI margin was 69.2% (66.4%) marking the 11th consecutive quarter of growth
• Real economic occupancy of 98.7% (98.1%)
• Net LTV of 57.4% (57.9%) and ICR of 1.9x (1.8x)
• Established S&P rating of B- with a Negative Outlook in October