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Heimstaden AB Q3 2025 Results

Heimstaden
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Highlights for Q3 2025 (figures in brackets refer to same quarter last year): 

  • Like-for-like rental growth of 4.5% (6.3%) and rental income of SEK 3,989 million (4,017)
  • The quarterly Net Operating Income (NOI) margin improved to 75.3% (73.0%) with last twelve months NOI margin of 72.1% (69.2%)
  • Property values were stable on a consolidated basis and grew by 0.2% (0.8%)
  • Privatisation sales, for the quarter, reached SEK 2,865 million (2,409) with 615 (516) residential units sold at a 28.2% (24.6%) premium to book value. In addition, 144 units valued at SEK 611 million were conditionally signed at the balance sheet date to be closed in Q4 2025
  • Real economic occupancy of 98.6% (98.7%)
  • Net Loan-to-Value of 53.3% (57.4%) and Interest Coverage Ratio of 1.9x (1.9x)
  • Refinanced the EUR 400 million senior unsecured fixed-rate note due March 2027 and issued a new EUR 400 million senior note due January 2031

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