Heimstaden Q3 2022 Results
Highlights · Rental income SEK 3.3 billion (3.3 billion). · Investment properties SEK 343 billion and 155,822 homes. · Real economic occupancy 98.4% (98.5%). · Net LTV 52.2% (50.5%) and ICR 2.7x (2.8x). · 5.5% like-for like rental income growth. · 1.8% decrease in value of investment properties, resulting in a total comprehensive loss of SEK 2.4 billion. · Sold the country management organisation to Heimstaden Bostad. · Prolonged the management agreement with Heimstaden Bostad to 2047. · Heimstaden’s bridge facility related to the Akelius transaction reduced