-
Net revenue from property management was
SEK 1,004 million (905), an increase of 11 per cent. Including intra-Group rent revenue, net revenue from property management was 1,101 million (1,006).
-
Gross profit from property management increased by 13 per cent, totalling
SEK 675 million (599). Including intra-Group rent revenue, gross profit from property management wasSEK 771 million (700).
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Net result for the period was
SEK -1,372 million (756), equivalent toSEK -6.78 per share (3.74). The decrease can be attributed primarily to negative unrealised changes in the value of the property holdings.
-
The fair value of the property holdings was
SEK 47.8 billion (49.5 at year-end), resulting in a net reinstatement value (EPRA NRV) ofSEK 189 per share (201 at year-end). Unrealised changes in the value of the property holdings amounted toSEK -2,295 million (410) for the period.
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The equity ratio was 59 per
cent (61) , the net loan-to-value ratio was 21 percent (18) and the interest coverage ratio was 5.6 (8.1).
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The rental vacancy rate at the end of the period was 7.7 per
cent (8.5) . Excluding current development projects, the rental vacancy level was 4.5 percent (5.5) .
Comments from
"The office rental market remains stable with an increasing trend of more companies seeking modern offices in attractive city locations. Our customer
"Conditions in the business environment, with high inflation and rising interest rates, are having a major impact on the retail sector. Despite this, vacancies for stores in our attractive locations remain low. The raised interest rates also entail new conditions for the property market compared with the last ten years with low interest rates. In this situation,
Questions can be answered by:
telephone +46 8 762 90 00.
Appendix: Half-year Report January -
The information in this Half-year Report is information that
+46 8 762 90 00
info@hufvudstaden.se
https://news.cision.com/hufvudstaden/r/half-year-report-january---june-2023,c3823104
https://mb.cision.com/Main/2433/3823104/2249654.pdf
https://mb.cision.com/Public/2433/3823104/8bdb4348164d9eee.pdf
https://news.cision.com/hufvudstaden/i/anders-nygren-vd-hufvudstaden-ab,c3209096
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