Year-End Report 2008

• The gross profit from property management for comparable holdings increased by 4 per cent to SEK 874 million (839). The improvement in profit can be attributed mainly to higher rents.

• The result for the year was SEK -449 million (2,401), equivalent to SEK -2.18 per share (11.64). The fall can be attributed to an unrealized decrease in value in property holdings during the year of SEK 1,629 million compared with the unrealized increase in value the previous year (2,598).

• The equity ratio was 56 per cent, the net loan-to-value ratio was 16 per cent and the interest coverage ratio multiple was 5.5.

• The Board proposes an increase in the ordinary dividend to SEK 1.90 per share (1.75).

• The fair value of the property holdings was set at SEK 19.1 billion (20.5), equivalent to a net asset value of SEK 66 per share (73).

• The consolidated net revenue for comparable holdings amounted to SEK 1,332 million (1,266), an increase of 5 per cent.

• The rental vacancy level at the year-end was 5.3 per cent (3.3) and excluding projects in progress 2.9 per cent (3.2).


Stockholm, February 13, 2009

HUFVUDSTADEN AB (publ)



The Board


Appendix: Year-End Report 2008

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 February 13, 2009, at 8.30 am.


Questions can be answered by Ivo Stopner, President, and Magnus Jacobson, Head of Finance, telephone 08-762 90 00.