Heimstaden Bostad Q1 2023 Results
Highlights · Strong operational result with stable high occupancy and like-for-like growth at 4.8% (5.4%) · Rental income of SEK 3.6 billion (3.4) · Net operating income margin increased to 64.9% (60.8%) · 3.9 % decrease in value of investment properties · Investment properties of SEK 335 billion and 159,089 homes · Real economic occupancy of 98.2% (98.2%) · Net LTV of 52.7% (50.3%) and ICR 3.0x (3.5x) · Greater Manchester Pension Fund new investor in Heimstaden Bostad · Buyback of senior unsecured bonds financed by existing liquidity available and equity from