Rikshem’s year-end report 2018
Rikshem presented today its year-end report for 2018. Profit after tax amounted to MSEK 2,489 (2,430). Rental income increased 4.8 percent to MSEK 2,792 (2,665). Rental income for existing properties rose 3.9 percent (4.3).
“Earnings for 2018 were in line with the preceding year. The total return for the year surpassed that of the preceding year, and a stronger change in value, due to improved cash flows and a lower yield requirement, had a positive impact on earnings. However, our net operating income is not at the level we would ultimately like to see. As previously announced, Rikshem carried out a long-term investment in more active property management during the year. This investment resulted in increased costs, but will also eventually generate higher property values,” says Sophia Mattsson-Linnala, CEO of Rikshem.
- Rental income increased to MSEK 2,792 (2,665)
- Rental income for existing properties rose 3.9 percent (4.3)
- Net operating income totaled MSEK 1,524 (1,555)
- Net operating income for existing properties declined 3.9 percent
- Income from management operations amounted to MSEK 1,008 (1,150)
- Profit for the period totaled MSEK 2,489 (2,430)
- The value of the property portfolio increased to MSEK 45,687 (41,039)
- The change in value of the properties was MSEK 2,107 (1,647)
- Total return on assets for the year was 8.4% (8.1)
Read the year-end report in full at rikshem.se or in the attached PDF.
For further information, please contact:
Anders Lilja, CFO, +46 10 70 99 308, email@example.com
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 February 7, 2019 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 (AP4) and AMF. Read more at rikshem.se.