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
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 |
Fair Value of Investment Properties
SEK million
Rental Income
SEK million
Net Operating Income Margin
Last 12 Months, %