Akademiska Hus Interim Report 1 January – 31 March 2024: Continued strong earnings and stable property values

Summary of interim report:

• Rental revenue amounted to SEK 1,992 million (1,897).
• Operating costs amounted to SEK 374 million (405).
• Net interest income amounted to SEK -262 million (-166) and changes in the value of financial instruments amounted to SEK -20 million (-99).
• Income from property management was SEK 1,112 million (1,128).
• Changes in property values amounted to SEK 353 million (-354).
• Profit before tax was SEK 1,448 million (675) and profit for the period was SEK 1,152 million (536).
• Investments in redevelopment, extensions and new construction totalled SEK 558 million (424).
• Properties with a value of SEK 30 million (90) were sold during the quarter. The capital gain amounted to SEK 3 million (4).
• The yield, excluding properties under construction, was 4.9 per cent (4.8) over the past 12 months.

“In an increasingly volatile world means that we, like other community participants, are focusing on civil preparedness in various respects. During the pandemic years, we learnt how important it is to be able to adapt quickly. To safeguard our own operations and to ensure that higher education institutions have the physical conditions to continue education and research even in times of crisis, we are now working on matters related to our role in total defence, preparing short- and long-term business continuity plans, and further strengthening our cybersecurity,” says Caroline Arehult, CEO of Akademiska Hus.

• Finance