Heimstaden Q1 2023 Results
Highlights · Strong operational result with stable high occupancy and like-for-like growth at 5.0% (5.4%) · Rental income of SEK 3.7 billion (3.5) · Net operating income margin increased to 64.9% (61.8%) · 3.8% decrease in value of investment properties · Investment properties of SEK 342 billion and 160,766 homes · Real economic occupancy of 98.2% (98.3%) · Net LTV of 54.9% (53.6%) and ICR 2.3x (2.5x) · Greater Manchester Pension Fund new investor in Heimstaden Bostad · Heimstaden Bostad bought back senior unsecured bonds financed by existing liquidity available