Interim report January - March 2024

Apr 24, 202409:30 UTC

Hemsö Fastighets AB

Rental income increased 8 per cent to SEK 1,283 million (1,183).
Profit from property management increased 2 per cent to SEK 590 million (580).
Operating cash flow increased 15 per cent to SEK 634 million (551).
Changes in the value of properties amounted to SEK -190 million (-1,255).
Changes in the value of financial instruments amounted to SEK 21 million (103).
Profit after tax for the period amounted to SEK 367 million (-463).
The market value of the properties amounted to SEK 84,236 million (84,784).
During the period, SEK 828 million (649) was invested in the existing property portfolio.
During the period, 2 properties (4) were acquired for SEK 206 million (116) and 3 properties (0) were divested for SEK 359 million (0).

“Hemsö has a stable growth in both rental income and cash flow. The stability is a result of several factors. One of them is the support from our long-term owner, the Third Swedish National Pension Fund. Another is my colleagues' commitment and expertise, which guarantees a well-managed company with a long-term local presence in the municipalities. This allows us to meet tenant demand with investments in social infrastructure that create a long-term stable growth of the business”, says Nils Styf, CEO, Hemsö.

For more information, please contact:

Nils Styf, CEO + 46 8-501 170 01

Rutger Källén, CFO and Deputy CEO +46 (8)-501 170 35

Hemsö is Sweden’s leading owner of properties for public use. The business is based on sustainably owning, managing and developing properties for nursing home, education, health care and the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund (AP3) is the majority owner. The total value of Hemsö’s property portfolio is SEK 84.2 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015 while it has an AA- rating from Fitch Ratings since March 2024. More information can be found at: www.hemso.se.

https://news.cision.com/hemso-fastighets-ab/r/interim-report-january---march-2024%2Cc3966587

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