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Rikshem’s interim report January – June 2021: Continued good development and improved KPIs

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Rental income increased slightly despite fewer properties and was up 1.6 percent for the like-for-like portfolio. Net operating income also increased. Income from property management was up 36.5 percent, mainly because of an increase in value of properties in joint ventures. The yield requirement has continued to fall, and the change in value for investment properties was MSEK 2,030 (859).

“The profit for the period clearly shows that we operate in strong segments that continue to develop well and that we’re well positioned. A stronger equity/assets ratio, falling loan-to-value ratio and a confirmed A3 credit rating with stable outlook from Moody’s are further proof of Rikshem’s continuing positive development,” says Anette Frumerie, CEO of Rikshem.

  • Rental income increased to MSEK 1,522 (1,521)
  • Rental income for the like-for-like portfolio rose MSEK 24 or 1.6 percent
  • Net operating income increased to MSEK 867 (861)
  • Income from property management was MSEK 796 (583)
  • Profit before tax for the period totaled MSEK 2,947 (1,479)
  • Change in value of properties was MSEK 2,030 (859)
  • The property portfolio’s value, including joint ventures, increased to MSEK 57,433 (54,485)
  • Total return including joint ventures, on a rolling 12-month basis, was 9.4 percent (7.0)

Read the full interim report at rikshem.se or in the attached PDF.

For further information, please contact:

Anders Lilja, CFO, +46 (0)10-70 99 308, anders.lilja@rikshem.se

This is the type of information that Rikshem AB (publ) is obligated to disclose pursuant to the Securities Market Act. The information was submitted for publication on August 25, 2021 at 7:30 a.m. CET.

Rikshem is one of Sweden’s largest private property companies. We own, develop and manage residential properties and properties for public use in selected municipalities in Sweden, where we offer safe, pleasant and flexible housing in attractive locations. Rikshem aims to be a long-term partner for municipalities and is owned by the Fourth Swedish National Pension Fund and AMF Pensionsförsäkring AB. Read more at rikshem.se.

www.rikshem.se

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