English

Rikshem’s year-end report 2020: Strong result in a special year

Report this content

Rental income up 4.0 percent year on year to MSEK 3,032 (2,916). Net operating income up 11 percent to MSEK 1,760 (1,586). Fair value of properties up to SEK 51.7 billion.

“Financially, 2020 was a strong year for Rikshem, despite the challenges of the coronavirus pandemic. With net operating income increasing and a good total return, we enter 2021 well equipped. Customer satisfaction also continues to rise, showing that our focus on good property management is producing results. I’m proud of how well Rikshem has dealt with the effects of the pandemic and I look forward to working with our employees as we continue the journey towards the ambitious targets we have set,” says Anette Frumerie, CEO of Rikshem.

  • Rental income increased to MSEK 3,032 (2,916)
  • Rental income for the like-for-like portfolio increased by 3.5 percent
  • Net operating income increased to MSEK 1,760 (1,586)
  • Net operating income for the like-for-like portfolio increased by 9.2 percent
  • Income from property management was MSEK 1,279 (1,286)
  • Profit for the year increased to MSEK 2,481 (2,244) 
  • The property portfolio increased in value to MSEK 51,750 (49,307)
  • The change in value of properties was MSEK 1,825 (1,538)
  • Total return for the year (including joint ventures) was 7.0 percent (7.2)

Read the full year-end 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 February 5, 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

Subscribe

Documents & Links