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Interim report January – September 2023

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  • Rental income increased 20 per cent to SEK 3,598 million (3,005).
  • Profit from property management amounted to SEK 1,785 million (1,798).
  • Changes in the value of properties amounted to SEK -3,626 million (2,721).
  • Changes in the value of financial instruments amounted to SEK -139 million (201).
  • Loss after tax for the period amounted to SEK -1,648 million (3,970).
  • The market value of the properties amounted to SEK 84,369 million (85,004).
  • During the period, SEK 2,019 million (2,838) was invested in the existing property portfolio.
  • During the period, 6 properties (26) were acquired for SEK 141 million (1,923) and 1 property (1) was divested for SEK 18 million (3).

“Hemsö presents a stable and eventful third quarter with both acquisitions, construction starts and inaugurations. To strengthen the capital structure and to finance investments in new sustainable schools and nursing homes, the owners contributed in September 2023 equity of SEK 1.0 billion. Hemsö presents stable financial metrics and a stable cash flow. The vacancies remain low and the NOI margin is again above 75 percent,” says Nils Styf, CEO, Hemsö.  

For further information, please contact:

Nils Styf, CEO                                                           + 46 8-501 170 01
Rutger Källén, CFO and Deputy CEO                       + 46 8-501 170 35

Hemsö is Sweden’s leading owner of properties for public use. The business is based on sustainably owning, managing and developing properties for nursing home, education, health care and the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund (AP3) is the majority owner. The total value of Hemsö’s property portfolio is SEK 84.4 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015 while it has an A+ rating from Fitch Ratings since March 2021. More information can be found at: www.hemso.se.

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