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Interim report january-september 2018

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  •  Rental income for the period increased to SEK 2,408 million (1,350)
  •  The letting ratio for housing was 97.7 percent (99.2)
  •  Net operating income for the period increased to SEK 1,328 million (718)
  •  Net financial items amounted to a negative SEK 691 million (299)
  •  Profit from property management increased to SEK 607 million (383)
  •  Changes in values of properties amounted to SEK 2,179 million (1,413)
  •  Changes in values of derivatives amounted to SEK 30 million (13)
  •  Profit for the period amounted to SEK 2,429 million (1,457)
  •  Property acquisitions during the period amounted to SEK 16,260 million (8,875) and divestments amounted to SEK 162 million (667)
  •  Profit after tax per ordinary share amounted to SEK 148 (87)

” A month ago, Heimstaden’s personnel gathered for a shared kick-off. We discussed our values and corporate culture, our vision and goals, and we committed ourselves to these. We gazed into the future with inspirational futurologists and we held panel discussions on sustainability, social responsibility and customer experience”

It’s not often I am moved to the extent it gives me goosebumps, but that’s precisely what happened during these days. It was amazing to feel this broad commitment from more than 300 employees from Sweden, Denmark and Norway. I never cease to be fascinated by all the good ideas and wise solutions to daily challenges, as well as the genuine desire to deliver the best-possible customer experience to all of our tenants.

Thank you all for making a difference by being sincere, thoughtful and innovative”, states Patrik Hall, CEO of Heimstaden.

” With a property portfolio spanning Sweden, Denmark and Norway, and with acquisitions agreed in Berlin, Germany, we have now, after analysing the market for some time, also completed our first acquisition in Utrecht, in the Netherlands. Utrecht is the fourthlargest city in the Netherlands and is located about 35 kilometres south of Amsterdam”, continues Patrik Hall. 

For further information, please contact:

Patrik Hall, CEO                                     +46 705 - 85 99 56              patrik.hall@heimstaden.com

Magnus Nordholm, deputy CEO            +46 705 - 29 31 44              magnus.nordholm@heimstaden.com

This is information of the type that Heimstaden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was issued, by the contact persons above, for publication on October 26, 2018 at 08:00 CET.

Heimstaden AB (publ)

Östra Promenaden 7 A

211 28 Malmö

Organisationsnummer 556670-0455, Bolagets säte Malmö

Telefon, växel 0770 – 111 050, www.heimstaden.com

Heimstaden is one of the leading residential real estate companies in the Nordic region. The Group owns, develops and manages homes in Sweden, Norway and Denmark. Heimstaden has about 36 500 apartments and a real estate value of SEK 70 billion. Heimstaden has a preference share listing on Nasdaq First North Premier with the short name HEIM PREF and 2 bonds at Nasdaq Stockholm. The head office is located in Malmö. Certified Adviser is Erik Penser Bank, +46 8 463 83 00.

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