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.

91 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 1,109 1,105 1,079 1,043 988
Net operating income SEK m 723 666 541 516 582
Net operating income margin % 65.2 60.3 50.1 49.5 58.9
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 774 679 758 1,432 1,061

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 189 176 195 216 193
Net operating income SEK m 142 136 150 145 131
Net operating income margin % 74.9 77.3 77.3 67 68
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 64 46 108 55

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %

Denmark

Heimstaden Bostad is the largest private residential real estate company in Denmark, and we have the last years expanded our portfolio in all regions in the country. We have several regional offices in Denmark, bringing our employees even closer to our customers.

75 billion
Investment Properties
20,793
Homes
14%
Regulated Income

Key Figures

Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Rental income SEK m 912 873 859 802 762
Net operating income SEK m 649 605 568 520 534
Net operating income margin % 71.2 69.3 66.1 64.8 70.1
Like-for-like rental income growth % 0.5 1.0 2.6 4.5 5.2
Real economic occupancy % 97.2 96.9 96.6 97.0 97.6
Capital expenditures SEK m 265 234 218 373 292

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million

Net Operating Income Margin

Last 12 Months, %

Netherlands

The Netherlands is a geographically diversified market for Heimstaden Bostad. In the Netherlands, there are several objective factors determining whether residential units are regulated or subject to free market rent. The most important factors are energy labels, the size of the unit and the WOZ value – a public valuation measure, which is a proxy for the attractiveness of the location.

28 billion
Investment Properties