Rikshem's half-year report January - June 2023: High demand in a challenging property market
Rikshem increased its rental income by 8.6 percent. Net operating income was MSEK 920 (867), up 6.2 percent. Property investments in the period totaled MSEK 1,052 (1,249). At the end of the period, Moody's reaffirmed Rikshem's credit rating of A3 with stable outlook- Financing costs are now rising faster than both revenues and other expenses, leading to a decrease in operating income. However, our interest rate duration and debt duration remain reassuring, which means it will take time before higher interest rates fully take effect. Higher financing costs mean that we are postponing the