profit before tax EUR 375 million

Rental income was EUR 250 million,
an increase of 5.2 percent compared to the same period in 2020.
Profit before tax was EUR 375 million.

At the end of June, the market value of the property portfolio was EUR 12,960 million.
The increase in property value was EUR 319 million,
equivalent to 2.6 percent.

Interest coverage ratio was 2.5.
During the period,
the average interest rate decreased from 1.95 to 1.68 percent.
Liquidity amounted to EUR 1,084 million.

CEO Ralf Spann:

- During the first half of 2021,
  the vacancy dropped 1.2 percentage points.
  Extensive upgrading projects are finalized.
  Akelius expects the vacancy to continue to decrease.

  Akelius improved the financial situation.
  Strong liquidity and prudent leverage enable
  Akelius to act from a strong position.

 

Berlin, 2021-08-02

Ralf Spann
CEO
+49 173 643 65 90
ralf.spann@akelius.de

 

This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act.
The information was submitted for publication at 07.30am CET on 2 August 2021.
Akelius Residential Property AB's D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company, ca@avanza.se,
+46-8-409 421 20.

https://news.cision.com/akelius-residential-property-ab/r/interim-report-2021--january-to-june,c3391161

https://mb.cision.com/Main/3302/3391161/1449893.pdf

https://mb.cision.com/Public/3302/3391161/8fe8e10f8c8eeeee.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English