Heimstaden Q2 2022 Results

Highlights

• Rental income SEK 3.3 billion (3.2).
• Investment properties SEK 342 billion and 154,965 homes.
• Real economic occupancy 98.5% (98.5%).
• Net LTV 50.5% (48.5%) and ICR 2.8x (3.0x).
• Heimstaden Bostad Bought 1,091 homes in Germany and 2,009 homes in Finland.
• Joint Venture established with the Danish developer Stadt A/S for a 3,000-unit residential project in the Århus area.
• Issued SEK 500 million bond and reduced the bridge facility to SEK 3,500 million.
• Sold country management organisation to Heimstaden Bostad in July.
• Prolonged the management agreement with Heimstaden Bostad to 2047 in July.

CEO Patrik Hall comments:

“Despite volatility in capital markets, we deliver strong financial and operational results. Record high occupancy combined with inflation adjusted rental income are important reasons for this. As the largest shareholder in Heimstaden Bostad we benefit from the strengthened financial metrics on the back of the successful hybrid buyback and equity issuance.”

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

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

Heimstaden is a leading European residential real estate company with about 155,000 homes and a property value of SEK 342 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 10 countries strive to fulfil our mission to enrich and simplify our customers’ lives through Friendly Homes. Read more at www.heimstaden.com.

Certified Adviser is Erik Penser Bank aktiebolag, +46 8-463 83 00 and certifiedadviser@penser.se.

This information is such that Heimstaden 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 19 August 2022 at 08:00 CET.