Skip to main content

Sweden

Sweden is Heimstaden Bostad's largest market in terms of value and share amount of residential apartments. 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.

91 billion
Investment Properties
47,206
Homes
100%
Regulated Income

Key Figures

Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023
Rental income SEK m 1,213 1,208 1,192 1,155 1,109
Net operating income SEK m 802 767 618 634 723
Net operating income margin % 66.1 63.5 51.9 54.9 65.2
Like-for-like rental income growth % 5.9 5.0 6.8 5.2 4.8
Real economic occupancy % 99.2 98.9 98.9 99.0 99.0
Capital expenditures SEK m 226 616 6 789 774

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %

Norway

Heimstaden Bostad is Norway's largest private residential real estate company, with a portfolio predominantly featuring smaller apartments in and around Oslo. The Norwegian rental market is characterized by relatively short tenancies, averaging around three years. The customer satisfaction among Heimstaden Norway's tenants remains consistently high, a fact regularly confirmed through ongoing customer surveys that reflect strong approval and positive tenant experiences.

17 billion
Investment Properties
3,934
Homes
0%
Regulated Income

Key Figures

Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023
Rental income SEK m 179 184 182 180 189
Net operating income SEK m 127 145 138 128 142
Net operating income margin % 71.1 78.9 75.7 71 75
Like-for-like rental income growth % 4.8 5.7 6.3 7.6 6.3
Real economic occupancy % 99.3 98.9 99.0 99.6 99.6
Capital expenditures SEK m 9 25 18 -34 31

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %

Denmark

Heimstaden Bostad is Denmark's largest private residential landlord, with approximately 20,000 housing units. The portfolio in Denmark consists of newly constructed and established properties across the country, offering rental options including student housing, apartments in multi-story buildings, as well as townhouses and single-family homes in various price ranges, thus catering to a very diverse customer segment. Additionally, the portfolio includes a number of commercial leases.

71 billion
Investment Properties
20,663
Homes
15%
Regulated Income

Key Figures

Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023
Rental income SEK m 910 903 884 892 912
Net operating income SEK m 681 654 607 603 649
Net operating income margin % 74.9 72.4 68.6 67.3 71.2
Like-for-like rental income growth % 2.7 3.2 1.1 2.4 0.5
Real economic occupancy % 98.8 97.9 97.6 97.4 97.2
Capital expenditures SEK m 122 104 54 207 265

Homes

Units

Fair Value of Investment Properties