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Interim Report 2: Continued strong financial position in a troubled world
Tuesday, 11 July 2023The Interim Report in brief:
• Rental revenue was SEK 3,754 million (3,403).
• Net operating income amounted to SEK 2,716 million (2,566).
• Net interest income amounted to SEK -357 million (-165) and changes in the value of financial instruments amounted to SEK 5 million (1,307).
• The income from property management was SEK 2,262 million (2,296).
• Changes in the value of properties totalled SEK -178 million (5,011).
• Pre-tax profit for the period was SEK 2,089 million (8,615).
• Investments in redevelopment, extensions and new construction totalled SEK 1,116 million (1,178).
• Properties with a carrying amount of SEK 91 million (714) were sold during the period.
• The yield (excluding properties under construction and expansion reserves) was 4.8 per cent (4.6) over the past 12 months.
“Based on our strong financial position and our creditworthy tenants, we have seen great interest in our bonds during the quarter. Our updated green bond framework was published in June. The framework now includes requirements for environmental certification and energy efficiency, along with parts of the EU Taxonomy criteria. The latest framework update paves the way for additional green financing, reflecting our high ambitions in sustainability,” says Caroline Arehult, CEO of Akademiska Hus.