Heimstaden Bostad: First Quarter 2021 Results
Highlights · SEK 5.2 billion in profit before deferred tax and currency effects. · Fair value of investment properties of SEK 178.9 billion with 114,041 homes. · Rental income grew 41% compared to Q1 2020, driven by acquisitions. · Strong operational performance with 97.6% real economic occupancy. · Closed SEK 26.1 billion in acquisitions, of which 15.7 billion in Denmark, making it Heimstaden Bostad’s largest market in terms of value. · Strong financial metrics with LTV of 41.1% (48.7%) and ICR of 3.2x (2.6x). · Raised SEK 12.5 billion in new equity from existing