Heimstaden

CEO Helge Krogsbøl comments:

"Despite a challenging macroeconomic environment, Heimstaden Bostad's affordable and geographically diversified portfolio delivered a strong operational result in 2022.

The change in market conditions gave a negative fair value adjustment of Heimstaden Bostad's properties. Uncertainty follows into 2023, but the fundamentals of residential real estate are intact and will improve as the fall in construction activity reduces supply sharply.

Strong liquidity position, long loan duration, good variation in debt maturity, and a balanced mix of debt instruments, gives Heimstaden Bostad good coverage for upcoming maturities in the bond market. Bond buybacks funded with equity demonstrated shareholder support to the company.

With high demand for rental housing, we are confident that we will continue to deliver Friendly Homes to our customers combined with strong operational results."

Chief Sustainability Officer Katarina Skalare comments:

"By implementing many measures in the properties and engaging tenants to have an efficient energy usage in their homes, we reduced our Scope 1 and 2 greenhouse gas emissions by 7% and energy usage by 11% per sqm compared to 2021.

Science Based Targets initiative's (SBTi) approval of Heimstaden Bostad's Climate Roadmap reconfirms the quality of our work and ambitious climate goals to reduce greenhouse gas emissions in line with the Paris Agreement.

Heimstaden Bostad's partnership with SOS Children's Villages reached more than 55,000 children in 25 countries with their SEK 125 million contribution in 2022. In addition, we helped more than 1,000 Ukrainian refugee families with housing during the year."

Heimstaden AB Annual, Governance, and Sustainability Report 2022 is available at www.heimstaden.com and is attached to this release.