Interim Report January – March 2018

  • Gross profit from property management rose by 5 per cent to SEK 325 million (311). The increase can be attributed mainly to higher rental revenue.
  • Net revenue from property management amounted to SEK 445 million (429), an increase of 4 per cent.
  • Profit after tax for the period was SEK 692 million (472), equivalent to SEK 3.35 per share (2.29). The increase can be attributed to higher unrealized changes in the value of the property holdings.
  • The fair value of the property holdings was set at SEK 40.4 billion (39.7 at the turn of the year), resulting in a net asset value of SEK 153 per share (152 at the turn of the year) following payment of a dividend of SEK 3.50 per share. The unrealized change in value of the property holdings for the period was SEK 593 million (322).
  • The equity ratio was 61 per cent (60), the net loan-to-value ratio was 16 per cent (16), and the interest coverage ratio multiple was 11.2 (9.0).
  • The rental vacancy level at the period-end was 4.6 per cent (5.2). Excluding current development projects, the rental vacancy level was 3.3 per cent (3.3).

Stockholm, May 3, 2018

HUFVUDSTADEN AB (publ)

Ivo Stopner 
President

Appendix: Interim Report January – March 2018

Questions can be answered by Ivo Stopner, President, or Åsa Roslund, CFO, telephone +46 (0)8-762 90 00.  

The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was published under the auspices of the above contact person on May 3, 2018 at 11:30am.

CALENDAR
Interim Report, January-June 2018 August 21, 2018
Interim Report, January-September 2018 November 9, 2018
Year-End Report for 2018                          February 14, 2019
Annual Report 2018 March 2019
Annual Meeting 2019 in Stockholm  March 21, 2019

About Us

Hufvudstaden provides office and retailing premises in prime locations in Stockholm and Gothenburg. The Company was founded in 1915 and is today one of Sweden's largest listed property companies and one of the strongest brands in the country in the property sector.