Sweden

Sweden is Heimstaden Bostad's largest market in terms of value. The property portfolio is geographically diversified across large and medium-sized cities throughout the country and contains different types of properties. Hence, our customer base mirrors society, ranging from students and single households to families and seniors.

92 billion
Investment Properties
46,236
Homes
100%
Regulated Income

Key Figures

Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Rental income SEK m 1,115 1,115 1,089 1,052 997
Net operating income SEK m 725 674 550 553 571
Net operating income margin % 65.1 60.5 50.5 52.5 57.3
Like-for-like rental income growth % 4.8 5.4 3.1 2.8 3.2
Real economic occupancy % 99.0 99.3 99.1 99.2 99.1
Capital expenditures SEK m 755 718 766 1,443 1,057

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %

Norway

Heimstaden Bostad is the largest private residential real estate company in Norway, with a portfolio consisting primarily of smaller apartments and a large share of relatively young customers. Historically, leases in Norway have been entered into on a 3-year basis. In February 2021, Heimstaden Bostad became the first residential real estate company in Norway to introduce open-ended rental contracts, with an aim to contribute to a more predictable and stable rental market for tenants.

18 billion
Investment Properties
4,004
Homes
0%
Regulated Income

Key Figures

Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Rental income SEK m 189 176 195 198 193
Net operating income SEK m 142 136 150 145 131
Net operating income margin % 74.9 77.3 77.3 73.0 67.9
Like-for-like rental income growth % 6.3 8.0 7.4 8.4 10.5
Real economic occupancy % 99.6 99.2 99.3 99.4 98.7
Capital expenditures SEK m 31 110 46 103 60

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %