Year-end report January – December 2019
January–December 2019 • Rental income increased 14 percent driven primarily by a growing property portfolio. The increase for the comparable portfolio was 3.5 percent. • Net operating income increased 15 percent, of which 3 percent in the comparable portfolio. • The surplus ratio was strengthened by almost half a percentage point. Operating expenses were charged with non-recurring costs for the current quarter while the corresponding quarter in the preceding year reported non-recurring income. • Profit from property management increased 12 percent, primarily driven by a larger