Heimstaden AB: First Quarter 2021 Results
Highlights · SEK 5.1 billion in profit before deferred tax and currency effects. · Fair value of investment properties of SEK 179.5 billion with 114,041 homes. · Rental income grew 38% compared to Q1 2020, driven by acquisitions. · Strong operational performance with 97.6% real economic occupancy. · Heimstaden Bostad closed acquisitions for SEK 26.1 billion, of which 15.7 billion in Denmark, making it Heimstaden’s largest market in terms of value. · Strong financial metrics with LTV of 43.3% (48.2%) and ICR of 3.0x (2.5x). · Heimstaden Bostad raised SEK 12.5 billion