Highlights for Q1 2025 (figures in brackets refer to same quarter last year):
- Like-for-like rental growth of 5.4% (5.6%) and rental income of SEK 4,023 million (3,876)
- Quarterly NOI margin improved to 68.8% (66.4%) and LTM NOI margin of 70.9% (67.7%)
- Strong operating fundamentals supported a 0.9% (0.8%) increase in property values
- Privatisation sales, for the quarter, reached SEK 2,641 (1,150) million with 546 (265) residential units sold at a 24.9% (31.5%) premium to book value
- Real economic occupancy of 98.3% (98.3%)
- Net LTV of 55.3% (59.0%) and ICR of 1.9x (1.7x)
- Divested Danish development projects for SEK 937 million
- Fitch revised their Outlook to Negative from Rating Watch Negative while affirming the 'B-'
- Issued a SEK 750 million senior unsecured floating rate note and a EUR 430 million senior unsecured fixed rate note as part of a liability management exercise that tendered certain SEK and EUR maturities