Sweden's Heimstaden AB Q3 rental income rises
Overview
Sweden-based residential real estate manager's Q3 rental income rose yr/yr
Q3 net operating income margin improved to 77.1% from 75.3%
Outlook
Heimstaden did not provide specific financial guidance for the current or future periods in its press release
Result Drivers
RENTAL INCOME GROWTH - Like-for-like rental growth was 4.0% in Q3, with rental income rising to SEK 4,036 mln from SEK 3,989 mln
HIGH OCCUPANCY - Real economic occupancy reached 99.3% in Q3, up from 98.6% a year earlier
PROPERTY SALES - Privatisation sales totaled SEK 2,054 mln in Q3, with 563 units sold at a 24.3% premium to book value
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Rental Income | SEK 4.04 bln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)