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.

89 billion
Investment Properties
46,572
Homes
100%
Regulated Income

Key Figures

Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Rental income SEK m 1,155 1,109 1,105 1,079 1,043
Net operating income SEK m 634 723 666 541 516
Net operating income margin % 54.9 65.2 60.3 50.1 49.5
Like-for-like rental income growth % 5.2 4.8 5.4 3.1 2.8
Real economic occupancy % 99.0 99.0 99.3 99.1 99.2
Capital expenditures SEK m 789 774 679 758 1,432

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.

17 billion
Investment Properties
3,973
Homes
0%
Regulated Income

Key Figures

Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Rental income SEK m 180 189 176 195 216
Net operating income SEK m 128 142 136 150 145
Net operating income margin % 70.8 74.9 77.3 77.3 67
Like-for-like rental income growth % 7.6 6.3 8.0 7.4 8.4
Real economic occupancy % 99.6 99.6 99.2 99.3 99.4
Capital expenditures SEK m -34 31 64 46 108

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.

71 billion
Investment Properties
20,757
Homes
14%
Regulated Income

Key Figures

Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Rental income SEK m 895 912 873 859 802
Net operating income SEK m 603 649 605 568 520
Net operating income margin % 67.3 71.2 69.3 66.1 64.8
Like-for-like rental income growth % 2.4 0.5 1.0 2.6 4.5
Real economic occupancy % 97.4 97.2 96.9 96.6 97.0
Capital expenditures SEK m 207 265 234 218 373

Homes

Units

Fair Value of Investment Properties

SEK million

Rental Income

SEK million