19.4 percent net operating income growth,
like-for-like
like-for-like rental income growth of 8.2 percent
Rental income was
an increase of 7.6 percent compared to the same period 2023.
The trend in rental income growth continues with a like-for-like rental income growth of 8.2 percent.
Strong demand for
The like-for-like net operating income growth was
19.4 percent, despite an increase in costs.
Increasing new lease levels and higher occupancy rates support the growth.
vacancy down by 1.5 percentage points
Thanks to completion of capital projects and the intense
focus on property management, the like-for-like vacancy rate decreased 1.5 percentage points to 5.7 percent.
The vacancy rate excluding construction work and sales was 1.1 percent.
stabilized capitalization rates
Capitalization rates have stabilized although a slight increase during the period to 4.77 from 4.74 percent.
The negative value growth for 2024 is
or 0.3 percent.
loan to value at 34 percent
Funds to repay the bond came mainly in the form of equity contribution under the financial guarantee from the main owner.
Loan-to-value decreased during the quarter to 34 percent.
With the reduced debt portfolio and the financial guarantee from the main owner,
CEO, Ralf Spann
Focusing on improving the existing portfolio by finishing large capital projects and reducing vacancies pay off.
CEO
+49 173 643 65 90
ralf.spann@akelius.de
This information is information that
The information was submitted for publication at
https://news.cision.com/akelius-residential-property-ab/r/interim-report-2024--january-to-march,c3964235
https://mb.cision.com/Main/3302/3964235/2744511.pdf
https://mb.cision.com/Public/3302/3964235/9d9bb4928b166ed4.pdf
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