Summary of the Year-end Report 2022:
- Rental income amounted to SEK 6,845 million (6,568).
- Net operating income amounted to SEK 5,143 million (4,707).
- Profit before changes in value and tax amounted to SEK 4,490 million (4,136).
- Changes in value of investment properties amounted to SEK 1,108 million (12,481). For the fourth quarter, changes in value amounted to SEK –2,249 million (4,472).
- Net interest income amounted to SEK -452 million (-368) and changes in the value of financial instruments amounted to SEK 1,310 million (380).
- Profit before tax amounted to SEK 6,909 million (16,997) and profit for the year was SEK 5,490 million (13,790).
- Investments in new buildings, extensions and renovations amounted to SEK 2,551 million (2,524).
- During the year, properties were sold at a value of SEK 722 m (2,293).
- Profit for capital expenditure amounted to SEK 8 million (29). Properties were acquired at a value of SEK 110 million (0).
- The property yield, excluding properties under construction and development reserves, amounted to 4.8 percent (4.7) for the past 12 months.
- The Board of Directors proposes a dividend of SEK 2,905 million (2,484) to the 2023 Annual General Meeting.
"2022 has been a turbulent year in many ways. Russia's invasion of Ukraine changed the geopolitical landscape in a short period of time, and the year has been characterized by rising inflation, rising interest rates and electricity prices at a record high. Despite the circumstances, we have managed to adapt to new conditions to continue to deliver value to our customers and our owners and to develop our campuses. We have a constant focus on our basic delivery so that the climate, function and experience in our premises are the best. The fact that we also have a unique financing base means that we have a really strong platform to stand on, which feels extra important when the challenges for us as a real estate company are greater than ever," says Caroline Arehult, CEO of Akademiska Hus.
Read the full communiqué here.
