Summary of interim report:
- Rental revenue amounted to SEK 5,884 million (5,599).
- Operating costs amounted to SEK 863 million (933).
- Net interest income amounted to SEK -785 million (-620) and changes in the value of financial instruments amounted to SEK -305 million (23).
- Income from property management was SEK 3,480 million (3,411).
- Changes in property values amounted to SEK -1,319 million (-789).
- Profit before tax was SEK 1,855 million (2,646) and profit for the period was SEK 1,474 million (2,047).
- Investments in redevelopment, extensions and new construction totalled SEK 1,704 million (1,790).
- Properties amounting to SEK 370 million (95) were sold during the period. Realized value change amounted to SEK 23 million (4).
- The yield, excluding properties under construction, was 5.1 per cent (4.9) over the past 12 months.
“Not only are we investing in welcoming new education providers to our campuses, we are also investing in the transformation of existing buildings into modern and sustainable housing for students and researchers. Several buildings in Stockholm are being converted to create around 200 new housing units, boosting the appeal of the campus and enabling undergraduate and graduate students to live close to their educational environments,” says Caroline Arehult, CEO of Akademiska Hus.
