Interim Report 2016, January to September
Profit before tax SEK 8,091 million
Rental income increased by 4.9 percent to SEK 3,351 million.
Operating surplus increased by 5.4 percent to SEK 1,772 million.
The value of the property portfolio increased with SEK 7,874 million, equivalent to 10.8 percent.
Property purchases amounted to SEK 3,849 million. Properties were sold for SEK 8,715 million. At the end of September the market value of the property portfolio was SEK 80 billion.
During the period the equity ratio increased to 46 percent. The loan-to-value was 43 percent. The secured loan-to-value decreased to 29 percent. The liquidity amounted to SEK 9,062 million.
CEO Pål Ahlsén: Our financial key figures are stronger than ever. Increasing equity ratio and interest coverage ratio. Decreasing loan-to-value. Strong liquidity. Regarding properties, vacancy rates drop and the pace of upgrades increases. We also welcome Copenhagen, the Berlin of Scandinavia, to the Akelius map.
Stockholm, 2016-10-24
Pål Ahlsén
MD, Group CEO
+46 768 07 97 02
Akelius Residential Property AB’s preference shares are listed on Nasdaq First North. Avanza Bank is the Certified Adviser of the company.
