Heimstaden Bostad AB Q1 2024 Results
Highlights (figures in brackets refer to same quarter last year): · The consistently strong operating environment saw NOI growth offsetting moderately expanding yields, leading to a 0.8% (-3.9%) increase in property values · Real economic occupancy of 98.3% (98.2%) · Rental income at SEK 3,871 million (3,610) and like-for-like rental growth of 5.2% (4.8%) · The NOI margin was 66.4% (64.9%) and the LTM NOI margin was 67.7% (65.1%) · Net LTV of 56.3% (52.7%) and ICR of 1.9x (3.2x) · S&P-defined LTV of 58.6% (55.5%) and S&P-defined ICR of 1.6x (2.5x) · The Privatisation