Heimstaden Bostad AB Q3 2024 Results
Highlights (figures in brackets refer to same quarter last year): · Like-for-like rental growth of 6.3% (4.2%) and rental income of SEK 4,012 million (3,812) · Strong operating fundamentals leading to a 0.8% (-1.5%) increase in property values · Privatisation sales, for the quarter, reached SEK 2,409 million with 516 residential units sold at a 24.6% premium to book value · The NOI margin improved to 73.1% (69.6%) and the LTM NOI margin was 69.3% (66.2%) marking the 11[th ]consecutive quarter of growth · Real economic occupancy of 98.7% (98.1%) · Net LTV of 54.8% (55.1%)