Interim report January – September 2024
- Rental income increased 7 per cent to SEK 3,839 million (3,598).
- Profit from property management increased 5 per cent to SEK 1,878 million (1,785).
- Operating cash flow increased 7 per cent to SEK 1,831 million (1,712).
- Changes in the value of properties amounted to SEK 88 million (-3,626).
- Changes in the value of financial instruments amounted to SEK -230 million (-139).
- Profit after tax for the period amounted to SEK 1,408 million (-1,648).
- The market value of the properties amounted to SEK 85,598 million (84,369).
- During the period, SEK 2,575 million (2,019) was invested in the existing property portfolio.
- During the period, 3 properties (6) were acquired for SEK 265 million (141) and 6 properties (1) were divested for SEK 486 million (18).
“Hemsö remains stable through both economic upturns and downturns. Tenant demand is not dependent on the economic situation, and we have the capital and organizational resources for continued investment in social infrastructure in partnership with the public sector. Backing us is our long-term owner, the Third Swedish National Pension Fund”, says Nils Styf, CEO, Hemsö.
For more 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 85.6 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015 while it has an AA- rating from Fitch Ratings since March 2024. More information can be found at: www.hemso.se.