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)
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