18 percent net operating income growth,
like-for-like
Rental income was
an increase of 10.0 percent compared to 2022.
The trend in rental income growth continues with a like-for-like rental income growth of 10.8 percent.
Strong demand for
The like-for-like net operating income growth was 18.0 percent, despite an increase in costs.
Increasing new lease levels and less rent concessions support the growth.
Thanks to completion of capital projects and an intense focus on property management,
the like-for-like vacancy rate decreased 2.1 percentage points to 5.9 percent.
The vacancy rate excluding construction work and sales was 1.3 percent.
Property prices are declining in all markets.
At the end of the year, the market value of the property portfolio was
negative value change of
Higher interest rates affect valuations negatively with a capitalization rate of 4.74 percent.
However, the growing rent levels will lead to positive value growth over time.
The liquidity has decreased during the last quarter due to the extra dividend of
In connection with the dividend,
The financial guarantee will be used to continue repaying maturing debt.
The loan-to-value at year-end was 42 percent.
CEO,
-
but negatively affected by higher costs and increased capitalization rates on properties.
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
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