Heimstaden AB Q3 2025 Results

Highlights for Q3 2025 (figures in brackets refer to same quarter last year): 

• Like-for-like rental growth of 4.5% (6.3%) and rental income of SEK 3,989 million (4,017)
• The quarterly Net Operating Income (NOI) margin improved to 75.3% (73.0%) with last twelve months NOI margin of 72.1% (69.2%)
• Property values were stable on a consolidated basis and grew by 0.2% (0.8%)
• Privatisation sales, for the quarter, reached SEK 2,865 million (2,409) with 615 (516) residential units sold at a 28.2% (24.6%) premium to book value. In addition, 144 units valued at SEK 611 million were conditionally signed at the balance sheet date to be closed in Q4 2025
• Real economic occupancy of 98.6% (98.7%)
• Net Loan-to-Value of 53.3% (57.4%) and Interest Coverage Ratio of 1.9x (1.9x)
• Refinanced the EUR 400 million senior unsecured fixed-rate note due March 2027 and issued a new EUR 400 million senior note due January 2031