Akelius Residential Property : Delårsrapport

Akelius Residential Property AB (publ)

interim report, January to June 2022

Leander Junction, 14801 Ronald Reagan Boulevard, Austin

Akelius at a glance

United States	Canada	Europe
43 percent*	36 percent*	21 percent*
key metrics as at 2022-06-30
property fair value	EUR 6,829 million
residential share¹⁾	96 percent
cities	9
number of apartments	19,061
real vacancy rate²⁾	2.0 percent
loan-to-value³)	9 percent
interest coverage ratio4)	3.2
walk score5)	86

*) percentages represent share of fair value in portfolio

1)	residential share: a residential property has more than	4)	ICR: Adjusted EBITDA/Net Interest Expenses, excluding
	fifty percent residential area		realized value growth
2)	the total number of vacant apartments less the number	5)	walk score measures walkability from 0 to 100 based on
	of apartments due to renovation work or planned sales,		walking routes to destinations such as grocery stores,
	in relation to the total number of apartments.		schools, parks, and retail outlets, www.walkscore.com

1. loan to value: Net Debt/Net Assets

2

focus on metropolitan cities with high population growth

central locations give low vacancy risk, diversification reduces risk even further

Toronto - walk score 75 share of fair value - 19 percent

Montreal - walk score 83 share of fair value - 17 percent

London - walk score 86	Washington D.C. - walk score 84
share of fair value - 14 percent	share of fair value - 16 percent

3

focus on metropolitan cities with high population growth

New York - walk score 95	Boston - walk score 89	Ottawa - walk score 5
share of fair value - 11 percent	share of fair value - 0 percent
share of fair value - 13 percent

Paris - walk score 97	Austin - walk score 6
share of fair value - 7 percent	share of fair value - 3 percent

4

luxury: 0 %

A+ locations extraordinary buildings, extraordinary service

London

Kensington

prime: 61%	mid: 30%	entry: 9%
A+ to B+ locations	B+ to B locations	B to B- locations
soulful, attractive	regular buildings	regular buildings,
buildings

Rue Hermel		Kingston Road		Leesburg Pike
Paris		Toronto		Washington
18th arrondissement		Old Toronto		Falls Church
acquired 2014		acquired 2012		acquired 2014

discount: 0 %

C+ to C- locations "Plattenbau", socially challenging areas

Stockholm

Fittja

5