Heimstaden AB Q3 2023 Results
Highlights (figures in brackets refer to previous quarter): · The European residential markets continue to experience increased supply/demand imbalances putting further upward pressure on rents across our markets. The like-for-like rental growth was 4.2% (5.7%) and real economic occupancy remains high at 98.1% (98.2%) · The strong operational performance is driven by both rental income at SEK 3.9 billion (3.8) and prudent cost efficiency measures. The NOI margin was 69.5% (69.0%) · Investment properties of SEK 339 billion (347) and 163,157 homes (162,166). Fair value change was -