Interim Report 2015, January to June
Half of the profit due to low interest rates
Rental income increased by 23 per cent to SEK 2,095 million. For the comparable portfolio rental income increased by 4.5 per cent.
Operating surplus increased with 14 percent to SEK 1,055 million.
Change in fair value of investment properties amounted to SEK 1,925 million, or 3.3 per cent. More than half is explained by low interest rates and the huge supply of money, which drive property prices up.
Value of derivatives increased with SEK 353 million.
Profit before tax amounts to SEK 2,640 million.
Loan-to-value decreased to 51 per cent. Average interest rate decreased by 0.36 percentage points to 3.56 per cent. Interest coverage ratio increased to 1.6.
Fair value of investment properties, including acquisitions of SEK 5,895 million and disposals of SEK 993 million, is SEK 64,840 million.
CEO Pål Ahlsén: The rapid increase in property value may partly vanish if market interest rates increase.
Stockholm, August 10, 2015
Pål Ahlsén
MD, Group CEO
+46 768 07 97 02
Akelius Residential Property ABs preferensaktie är noterad på marknadsplatsen Nasdaq First North. Avanza Bank är bolagets Certified Adviser.
