· Gross profit from property management amounted to SEK 857 million (851). The increase can be attributed mainly to higher rents. · Profit after tax for the period was SEK 996 million (1,076), equivalent to SEK 4.83 per share (5.22). The decrease is due to a negative, unrealized change in the value of interest derivatives of SEK -149 million (88). · The fair value of the property holdings was set at SEK 26.7 billion (25.9 at the turn of the year), resulting in a net asset value of SEK 95 per share (92 at the turn of the year). · The equity ratio was 57 per cent (57), the net loan-to-value ratio was 20 per cent (22) and the interest coverage ratio multiple was 8.4 (8.3). · Consolidated net revenue amounted to SEK 1,236 million (1,201), an increase of 3 per cent. · The rental vacancy level at the period-end was 5.5 per cent (4.0). · Hufvudstaden has the most satisfied office tenants in the industry according to the Fastighetsbarometern Satisfied Customer Survey. Stockholm, November 5, 2014 HUFVUDSTADEN AB (publ) Ivo Stopner President Appendix: Interim Report January – September 2014 The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish according to the Securities Market Act and/or the Financial Instrument Trading Act. The information was published on November 5, 2014. Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00.
Interim Report January – September 2014
| Source: Hufvudstaden AB