Heimstaden Bostad Q3 2022 Results
Highlights · Rental income SEK 3.2 billion (3.1 billion). · Investment properties SEK 337 billion and 154,145 homes. · Real economic occupancy 98.4% (98.5%). · Net LTV 48.9% (46.5%) and ICR 3.8x (4.0x). · 5.5% like-for like rental income growth. · 1.9% decrease in value of investment properties, resulting in a total comprehensive loss of SEK 2.2 billion. · Hybrid buyback of SEK 8.9 billion fully funded with equity from shareholders. · Bought the Country Management organisation from Heimstaden AB. CEO Patrik Hall comments: “We have delivered another solid