Heimstaden Bostad Q3 2022 Results

Highlights

• Rental income SEK 3.2 billion (3.1 billion).
• Investment properties SEK 337 billion and 154,145 homes.
• Real economic occupancy 98.4% (98.5%).
• Net LTV 48.9% (46.5%) and ICR 3.8x (4.0x).
• 5.5% like-for like rental income growth.
• 1.9% decrease in value of investment properties, resulting in a total comprehensive loss of SEK 2.2 billion.  
• Hybrid buyback of SEK 8.9 billion fully funded with equity from shareholders.
• Bought the Country Management organisation from Heimstaden AB.

CEO Patrik Hall comments:

“We have delivered another solid operational quarter with strong like-for-like income growth and high occupancy. The hybrid buyback funded with equity showed our shareholders continued commitment to support the company.”

This information is such that Heimstaden Bostad AB (publ) is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact persons, for publication on 25 October 2022 at 08:00 CET.

Contact
Arve Regland, CFO
+47 479 07 700
arve.regland@heimstaden.com

Thomas Hvitstein, IR
+47 907 02 452
ir@heimstaden.com

Heimstaden Bostad is a leading European residential real estate company with about 154,000 homes and a property value of SEK 337 billion. We acquire, develop, and manage properties with an evergreen perspective. Guided by our Scandinavian heritage and values Care, Dare and Share - our 2,100 colleagues across 9 countries strive to fulfil our mission to enrich and simplify our customers’ lives through Friendly Homes. Read more at www.heimstadenbostad.com.