Heimstaden Q2 2023 Results
Highlights (figures in brackets refer to previous quarter): • Continued strong operational result, driven by stable high occupancy and like-for-like rental growth of 5.7% (5.0%) • Rental income of SEK 3.8 billion (3.7) • Net operating income margin increased to 69.0% (64.9%) • Less pronounced fair value adjustments on investment properties reported at negative 2.1% • Investment properties of SEK 347 (342) billion and 162,166 (161,000) homes • Real economic occupancy of 98.2% (98.2%) • Net LTV of 57.2% (54.9%) and ICR 2.0x (2.3x) • Initiated Icelandic asset portfolio