Summary of the interim report:
- Rental income amounted to SEK 1,897 million (1,701).
- The operating surplus amounted to SEK 1,341 million (1,259).
- Net interest income amounted to SEK -166 million (-93) and changes in the value of financial instruments amounted to SEK -99 million (657)
- Profit from property management amounted to SEK 1,128 million (1,117).
- For the quarter, changes in the value of investment properties amounted to SEK -354 million (3,529).
- Profit before tax for the period amounted to SEK 675 million (5,303).
- Investments in new buildings, extensions and renovations amounted to SEK 424 million (647).
- During the first quarter, properties were sold at a book value of SEK 91 million (-). The capital gain amounted to SEK 4 million (-).
- The property yield, excluding properties under construction and development reserves, amounted to 4.8 percent (4.8) for the past 12 months.
"Despite a challenging market with rising yield requirements and declining property values, Akademiska Hus has delivered stable results. We continue to focus on driving sustainable development and creating value for the universities, our owners and society. We are developing project operations and have made several implementation decisions regarding renovations in 2023. We are also keeping to the planned pace for maintenance measures and continued development of our existing portfolio," says Caroline Arehult, CEO of Akademiska Hus.
Read the full interim report here.
