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.

93 billion
Investment Properties
45,688
Homes
100%
Regulated Income

Key Figures

Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022
Rental income SEK m 1,115 1,089 1,052 997 1,129
Net operating income SEK m 674 550 553 571 597
Net operating income margin % 60.5 50.5 52.5 57.3 52.9
Like-for-like rental income growth % 5.4 3.1 2.8 3.2 2.9
Real economic occupancy % 99.3 99.1 99.2 99.1 98.9
Capital expenditures SEK m 718 766 1,443 1,057 1,082

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.

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

Key Figures

Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022
Rental income SEK m 176 195 198 193 187
Net operating income SEK m 136 150 145 131 138
Net operating income margin % 77.3 77.3 73.0 67.9 73.5
Like-for-like rental income growth % 8.0 7.4 8.4 10.5 9.9
Real economic occupancy % 99.2 99.3 99.4 98.7 98.0
Capital expenditures SEK m 110 46 103 60 119

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %

Iceland

Heimstaden is the largest residential real estate company in Iceland. In 2020, Fredensborg bought the listed company Heimavellir and currently owns all shares in the company. In January 2021, Heimavellir rebranded the company to Heimstaden and Iceland became the seventh market in which Heimstaden is present, consolidating the European presence as the third largest real estate company in Europe.

6 billion
Investment Properties
1,625
Homes
0%
Regulated Income

Key Figures

Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022
Rental income SEK m 83 78 78 77 74
Net operating income SEK m 58 51 51 54 49
Net operating income margin % 69.2 65.2 65.0 69.2 66.4
Like-for-like rental income growth % 11 13.3 n/a n/a n/a
Real economic occupancy % 99.9 99.9 99.7 99.7 97.0
Capital expenditures SEK m 21 21 15 15 10

Homes

Units