Summary of the interim report:
- Rental revenue amounted to SEK 3,957 million (3,754).
- Operating costs amounted to SEK 643 million (696).
- Net interest income amounted to SEK -519 million (-357) and changes in the value of financial instruments amounted to SEK -202 million (5).
- Income from property management was unchanged at SEK 2,262 million (2,262).
- Changes in property values amounted to SEK -571 million (-178).
- Profit before tax was SEK 1,489 million (2,089) and profit for the period was SEK 1,183 million (1,616).
- Investments in redevelopment, extensions and new construction totalled SEK 1,298 million (1,116).
- Properties amounting to SEK 30 million (95) were sold during the period. The capital gain amounted to SEK 3 million (4).
- The yield, excluding properties under construction, was 5.0 per cent (4.9) over the past 12 months.
“The development of dynamic and sustainable knowledge environments for colleges and universities is at the very core of Akademiska Hus’s operations. A growing number of companies are also discovering our campuses all over Sweden as new opportunities arise when centres of education optimise their premises. During the quarter we signed about 20 rental agreements with new companies, which shows how attractive an opportunity to establish operations in campus environments, with their unique potential for synergies between academia and the business community, can be,” says Caroline Arehult, CEO of Akademiska Hus.