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Rikshem’s year-end report 2019: Increased net operating income and income from property management

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Rikshem presented its 2019 year-end report today. Income from property management amounted to MSEK 1,286 (1,008). Rental income increased 4.4 percent to MSEK 2,916 (2,792).  Net operating income rose MSEK 62 or 4.1 percent to MSEK 1,586 (1,524).

“In 2019, we increased both our rental income and net operating income, which we are very pleased with since our costs for emergency maintenance were higher than we expect to see moving forward. Positive changes in value in our joint ventures contributed to a sharp increase in income from property management. It is also gratifying to see that our long-term plan to strengthen the property management has resulted in a significantly higher customer satisfaction index (CSI) when it comes to both residential properties and premises,” says Rikshem’s acting CEO Per Uhlén.

  • Rental income increased to MSEK 2,916 (2,792)
  • Rental income for the like-for-like portfolio rose 4.3 percent (3.9)
  • Net operating income totaled MSEK 1,586 (1,524)
  • Net operating income for the like-for-like portfolio increased 3.6% (-3.9) 
  • Income from property management amounted to MSEK 1,286 (1,008)
  • Profit for the period totaled MSEK 2,244 (2,489) 
  • The value of the property portfolio increased to MSEK 49,307 MSEK (45,687)
  • The change in value of the properties was MSEK 1,538 (2,107)
  • The total return for the year was 6.6% (8.4)

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, anders.lilja@rikshem.se

 

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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