Akelius Presents Ten Percent Net Operating Income Growth

Akelius' CEO Ralf Spann.

Image: Akelius.

Akelius Presents Ten Percent Net Operating Income Growth

Sweden — Rental income was EUR 238 million, a like-for-like increase of 6.3 percent. Net operating income was EUR 128 million, up by 10.3 percent in the like-for-like portfolio.

2020-08-03

At the end of June, the market value of the property portfolio was EUR 11,986 million. The increase in property value was EUR 55 million, equivalent to 0.5 percent. Interest coverage ratio increased to 2.4.

The loan-to-value ratio decreased by 3 percentage points since last year to 37 percent. Liquidity amounted to EUR 626 million.

CEO Ralf Spann:

"The like-for-like vacancy decreased by 2.1 percentage points during the last year. The current trend for both vacancy and rent payments is positive and shows the company’s resilience to market events. The uncertainty of the future is higher than usual, and the company has taken a conservative approach on new investments in order to maintain a solid financial situation."

Anthon Näsström

[email protected]