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Sweden's Heimstaden AB Q3 rental income rises

By Reuters News


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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  • Oct 26 - Down by the River Thames, a failure to build holds back Britain's growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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