Half-year report January – June 2018

Published

Summary January-June 2018

  • Rental income increased to SEK 1 281 million (1 156).
  • Profit from property management increased to SEK 716 million (629).
  • Changes in value of properties amounted to SEK 800 million (802) and changes in value of financial instruments to SEK 30 million (101).
  • Profit after tax for the period increased to SEK 1 455 million (1 320).
  • Market value of investment properties amounted to SEK 41 597 million (35 969).
  • During the period, 13 properties (19) were acquired for SEK 1 167 million (1 847) and 10 properties (36) were divested for SEK 866 million (1 593).   

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-          Hemsö’s operations continued to show stable growth in the second quarter. Profit from property management rose 14% and totalled SEK 716 million the first half-year 2018. The growth in profit from property management was mainly driven by completed development projects, acquisitions and a lower average interest rate. Hemsö also performed favourably in an identical portfolio, where net operating income rose 4% , says Nils Styf.

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