interim report 2021, January to March

Akelius stands strong

Rental income was EUR 125 million and the net operating income was EUR 67 million.
Like-for-like rental income was stable despite the negative effects of COVID-19.

At the end of March, the market value of the property portfolio was EUR 12,521 million.
The value growth was EUR 112 million,
equivalent to 0.9 percent.

The loan-to-value was stable at 39 percent.
The average interest rate decreased during the period from 1.95 to 1.86 percent.
The liquidity amounted to EUR 868 million.

CEO Ralf Spann:

- Akelius stands strong.
  Fitch Ratings assigned Akelius’ senior bonds a BBB+ credit rating and Standard & Poor’s confirmed Akelius’ BBB rating.
  
  Akelius has signed property acquisitions of EUR 191 million.
  A strong financial position allows Akelius to strengthen its property portfolio.

  Germany’s highest court ruled the Berlin rent cap unlawful.
  The company initially assumed EUR 23 million in lower rental income for 2021, which will not occur.
  Akelius acts honorably in relation to the affected tenants.

Berlin, 2021-05-03

Ralf Spann
CEO
+49 173 643 65 90
ralf.spann@akelius.de

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 3 May 2021.
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, ca@avanza.se,
+46-8-409 421 20.