Heimstaden Bostad: Q2 2021 Results
Highlights · SEK 4.6 billion in profit. · Investment properties of SEK 186 billion and 116,083 homes. · Strong operational performance with 97.6% real economic occupancy. · Robust balance sheet with LTV of 39.6% (Q1: 41.1%) and ICR of 3.5x (Q1: 3.2x). · Issued SEK 3.0 billion in new senior unsecured bonds and a SEK 6.0 billion hybrid bond. · Entered the UK with the acquisition of newbuild portfolio in Birmingham. Commenting on the results, CEO Patrik Hall said: “Thanks to our professional and ambitious people, Heimstaden Bostad delivered strong financial and