Interim Report 2017, January to June
Profit before tax SEK 6 billion
Rental income rose to SEK 2,035 million, an increase of 5.3 percent for comparable properties.
Operating surplus increased to SEK 1,170 million, up by 9.9 percent for comparable properties.
The value of the property portfolio increased by SEK 5,071 million, equivalent to 5.8 percent.
Property purchases amounted to SEK 3,846 million. Properties were sold for SEK 3,120 million, mainly in Sweden. At the end of June, the market value of the property portfolio was SEK 94 billion.
During the period, the equity ratio increased to 47 percent. The loan-to-value decreased to 42 percent. The secured loan-to-value decreased to 20 percent. Liquidity amounted to SEK 8,878 million.
CEO Pål Ahlsén: Clean the map completed. 85 percent of our portfolio is situated in metropolitan areas with more than one million inhabitants. We believe this is the best insurance against vacancies.
Stockholm, 2017-08-07
Pål Ahlsén
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.
This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 7.30am CET 2017-08-07.
