• news.cision.com/
  • Rikshem/
  • Rikshem Year-End Report 2023: Higher net operating income and customer satisfaction
English

Rikshem Year-End Report 2023: Higher net operating income and customer satisfaction

Report this content

Rikshem increased its rental income for the year by 9.6%. Net operating income totaled SEK 1,960 (1,760) million, an increase of 11.4%. SEK 1,189 million (1,198) in income from property management is in line with the previous year. Property investments for the year totaled SEK 1,918 (2,640) million.

"In a challenging environment, we stuck to our core business in 2023 – owning, managing and developing our residential and public-use properties. We are increasing net operating income, in part due to lower vacancies, higher revenue, lower electricity prices and successful energy projects. Higher customer satisfaction in both our segments and the strong interest we continue to see in lending at long maturities to financially strong and long-term companies such as Rikshem are two signs that we are continuing to develop the business in a successful way," says Anette Frumerie, CEO of Rikshem. 

  • Rental income was SEK 3,473 (3,169) million 
  • Rental income for the like-for-like portfolio rose SEK 201 million or 7.4% 
  • Net operating income totaled SEK 1,960 (1,760) million, an increase of 11.4% 
  • Net operating income for the like-for-like portfolio increased by SEK 129 million or 8.4% 
  • SEK 1,189 (1,198) million in income from property management is in line with the previous year, despite higher interest expenses
  • The change in value of investment properties was SEK -4,776 (-1,935) million or -8.2% (-3.2) 
  • Profit for the year before tax was SEK -4,784 (319) million 
  • The value of the property portfolio, including joint ventures, was SEK 58,835 (62,532) million 
  • The total return, including joint ventures, was -4.9% (-0.4) 

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

For further information:

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

Jennie Wolmestad, Head of Communications, +46 (0) 70 687 18 57, jennie.wolmestad@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 Tjänstepension AB. Read more at rikshem.se.

www.rikshem.se

Subscribe

Documents & Links