Heimstaden Q3 2021 Results
Highlights · SEK 5.0 billion in profit. · Investment properties of SEK 203 billion and 120,268 homes. · Real economic occupancy of 98.0% (97.6%). · Net LTV of 45.6% (41.2%) and ICR of 3.3x (3.1x). · Fitch Ratings initiated coverage with ‘BB+’ credit rating of Heimstaden and ‘BBB’ rating of Heimstaden Bostad. · Heimstaden bought 1,637 homes in Iceland valued at 3.8 billion. · Heimstaden Bostad announced SEK 92.5 billion acquisition of 599 properties in Germany, Sweden, and Denmark. · Heimstaden Bostad closed acquisitions of SEK 5.2 billion and entered Finland.