Highlights (figures in brackets refer to same quarter last year):
- The consistently strong operating environment saw NOI growth offsetting moderately expanding yields, leading to a 0.8% (-3.9%) increase in property values
- Real economic occupancy of 98.3% (98.2%)
-
Rental income at
SEK 3,876 million (3,698) and like-for-like rental growth of 5.2% (5.0%) - The NOI margin was 66.4% (64.9%) and the LTM NOI margin was 67.7% (64.9%)
- Net LTV of 59.0% (54.9%) and ICR of 1.7x (2.4x)
- The Privatisation Plan achieved a 31.5% premium to book value on 265 units sold. Proceeds will be prioritised for liability management
-
Fredensborg completed the sale of the Icelandic portfolio, with
Heimstaden receiving a total deferred purchase price of aboutSEK 750 million in cash - Fitch downgrade to B from BB, with negative outlook
co-CEO
"Maintaining high occupancy, robust rental growth, and stable costs, our operational performance remains strong and on target. In Q1,
co-CEO
"
Contacts:
+45 21 30 94 89, media@heimstaden.com
+47 948 94 196, ir@heimstaden.com
This information is such information that
https://news.cision.com/heimstaden/r/heimstaden-ab-q1-2024-results,c3965350
https://mb.cision.com/Main/11054/3965350/2753345.pdf
https://mb.cision.com/Public/11054/3965350/bea08945f02700b0.pdf
https://news.cision.com/heimstaden/i/helge-krogsbol-ceo,c3292338
https://news.cision.com/heimstaden/i/christian-fladeland-co-ceo,c3292339
(c) 2024 Cision. All rights reserved., source