Heimstaden Bostad Q3 2021 Results
Highlights · SEK 4.8 billion in profit. · Investment properties of SEK 199 billion and 118,614 homes. · Real economic occupancy of 98.1% (97.6%). · Net LTV of 42.9% (39.6%) and ICR of 3.9x (3.5x). · Fitch Ratings initiated coverage with ‘BBB’ credit rating and S&P affirmed its ‘BBB’ rating. · Closed acquisitions for SEK 5.2 billion and entered Finland. · Announced SEK 92.5 billion acquisition of 599 properties in Germany, Sweden, and Denmark. Commenting on the results, CEO Patrik Hall said: “The third quarter was characterised by improved occupancy, positive