liquidity of
Rental income was
a 12.3 percent increase compared to the
same period last year.
The like-for-like rental income growth was
11.5 percent, due to higher occupancy rates and
higher new lease levels.
The like-for-like vacancy rate decreased by
2.0 percentage points during the last twelve months,
a result of the focus on completion of capital projects.
Vacancy rate at the end of the third quarter was
6.6 percent, whereof 79 percent was due to upgrades.
The like-for-like net operating income growth was
18.0 percent for the period.
Continued net operating income growth is expected
as the focus on improving cash flow remains.
At the end of September, the market value of the property portfolio was
The negative value change was
The higher interest environment affects the property value change negatively.
However, continued strong rental growth will over time lead to positive value growth.
The loan-to-value at the end of September was 21 percent.
The average interest rate on
a result of loans with higher interest rates being repaid.
Liquidity at the end of September was
CEO, Ralf Spann
Finished capital projects resulting in lower vacancy coupled with less rent concessions and increasing new lease levels are the main drivers for the strong growth.
Akelius continues to strengthen the cashflow from the property portfolio by continuously improving processes and completing large capital projects to decrease vacancy.
Akelius is grateful to be in a strong financial position.
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-2023--january-to-september,c3859081
https://mb.cision.com/Main/3302/3859081/2379285.pdf
https://mb.cision.com/Public/3302/3859081/bddbbca3092b1bad.pdf
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