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Economy · Onsdag 5 februari, 2025

Year-end Report 2024: Improved earnings and net operating income

Akademiska Hus reports increased profit before tax compared with last year, which is primarily the effect of a more stable property market. Net operating income also increased during the period due to indexed rents and lower energy prices. During the year, the company invested approximately SEK 2.5 billion in new construction, extensions and redevelopment.

Summary of Year-end Report 2024:   

  • Rental revenue amounted to SEK 7,860 million (7,511). An increase of 5 per cent compared with last year.
  • Operating costs amounted to SEK 1,193 million (1,308).
  • Net interest income amounted to SEK -1,008 million (-868) and changes in the value of financial instruments amounted to SEK -189 million (-298).
  • Income from property management was SEK 4,617 million (4,264), an increase of 8 per cent compared with last year.
  • Changes in property values amounted to SEK -1,885 million (-3,475).
  • Profit before tax was SEK 2,543 million (491) and profit for the period was SEK 2,020 million (307).
  • Investments in redevelopment, extensions and new construction totalled SEK 2,550 million (2,684).
  • Properties with a value of SEK 382 million (95) were sold. The capital gain amounted to SEK 23 million (4).
  • The yield, excluding properties under construction, was 5.4 per cent (4.9) over the past 12 months.
  • The Board of Directors proposes a dividend of SEK 2,473 million (2,218).

 “More and more companies want to have an on-campus presence, creating unique opportunities for collaboration between academia and business. This trend reinforces the role of the campus as an engine for innovation and growth. I look forward in 2025 to continuing our close collaboration with customers and partners to shape the knowledge environments of the future together, says Caroline Arehult, CEO of Akademiska Hus. 

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