interim report 2019, January to September

profit before tax EUR 363 million

Rental income was EUR 373 million,
an increase of 5.1 percent for comparable properties.

Operating surplus was EUR 195 million,
up by 3.3 percent for comparable properties.

The increase in property value was EUR 365 million,
equivalent to 2.9 percent.

At the end of September, the market value of the property portfolio was EUR 12,177 million.

The equity and hybrid capital ratio was 50 percent and the loan-to-value 40 percent.
The secured loan-to-value was 16 percent.
Liquidity amounted to EUR 375 million.

CEO Pål Ahlsén:

The vacancy rate decreased with 1.1 percentage points.
We have come to terms with the bottlenecks in construction and therefore been able to deliver more apartments for letting.
Decreasing vacancy and upgrading have resulted in like-for-like rental growth of 7.7 percent for this quarter.
The loan-to-value is down to 40 percent and will continue to decrease until year-end.
The reason is the issue of D-shares in the beginning of October and contracted property sales.
Yet another step in our ambition to reach a BBB+ rating.

Stockholm, 2019-10-21

Pål Ahlsén
CEO
+46 768 07 97 02
pal.ahlsen@akelius.se

This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 07.30am CET on 21 October 2019.

Akelius Residential Property AB’s preference shares and D-shares are listed on Nasdaq First North. Avanza Bank is the Certified Adviser of the company, ca@avanza.se, +46-8-409 421 20.