Interim report January-March 2022
The property business developed well with positive net letting and rising rent levels during the first quarter. Rental income, net operating income and profit from property management increased, primarily due to a larger property portfolio. The Russian invasion of Ukraine, however, has negatively affected the valuation of the holding in the Russian fashion chain MFG.January-March 2022 · Rental income increased by 22 per cent to EUR 6,226k (5,099), as a result of a larger property portfolio and higher rent levels. In a comparable portfolio, rental income was unchanged. · Net