interim report 2020, January to September

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increased focus on cash flow

Rental income was EUR 356 million and the net operating income was EUR 195 million.
In the like-for-like portfolio the rental income growth was 5.3 percent and the net operating income was up by 10.3 percent.

At the end of September, the market value of the property portfolio was EUR 11,951 million.
The value growth was EUR 69 million,

equivalent to 0.6 percent.

Interest coverage ratio was 2.5 compared to 1.8 one year ago.
Interest rate decreased during the period from 2.25 to 1.97.

Liquidity amounted to EUR 717 million.

CEO Ralf Spann:
2020 is a year that shows the value of diversification and the residential properties’ resilience.
Changes, for example in rent regulations,
are often local and global changes affect each market differently.

We revised our business model.
The times for extensive upgrading are over.
Akelius focuses on increasing the rental income in existing properties and adding residential properties with strong cash flow.


Berlin, 2020-10-26

Ralf Spann
+49 173 643 65 90

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 26 October 2020.
Akelius Residential Property AB’s D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company,,
+46-8-409 421 20.