Summary of the Interim Report:
- Rental income amounted to SEK 5,599 million (5,115).
- Net operating income amounted to SEK 4,176 million (3,897).
- Net interest income amounted to SEK -620 million (-296) and changes in the value of financial instruments amounted to SEK 23 million (1,324).
- Profit from property management amounted to SEK 3,411 million (3,454).
- Changes in value of investment properties amounted to SEK -789 million (3,357).
- Profit before tax for the period amounted to SEK 2,646 million (8,135).
- Investments in new buildings, extensions and renovations amounted to SEK 1,790 million (1,742).
- Properties were sold at a book value of SEK 91 million (714).
- The property yield, excluding properties under construction and development reserves, amounted to 4.9 percent (4.7) for the past 12 months.
"In September, our credit rating of AA was confirmed with a stable outlook from Standard & Poor's, a level we have maintained since 1996. With our financial stability as a foundation, we will be able to maintain and develop our properties with the same high level of ambition as before, despite tough times," says Caroline Arehult, CEO of Akademiska Hus.
Read the report: Interim Report Q3, 2023