- Profit after tax for the period was SEK 818 million (-356), equivalent to SEK 3.97 per share (-1.73). The higher profit can be explained by a positive change in the value of the property holdings amounting to SEK 552 million (-1,058).
- Gross profit from property management totalled SEK 686 million (699). The change can be explained mainly by a slight rise in the rental vacancy level.
- The fair value of the property holdings was set at SEK 19.1 billion (18.1 at the year-end). The increase can be explained by rising rent levels and a slightly lower direct yield requirement as well as investments.
- The net asset value was SEK 65 per share (62 at the year-end).
- The equity ratio was 55 per cent, the net loan-to-value ratio was 17 per cent and the interest coverage ratio multiple was 7.7.
- Consolidated net revenue amounted to SEK 1,027 million (1,020).
- The rental vacancy level at the period-end was 6.1 per cent (6.2 at the year-end).
- For the third year in succession, Hufvudstaden has the most satisfied office tenants according to the Fastighetsbarometern Customer Satisfaction Survey.
Stockholm, November 10, 2010
HUFVUDSTADEN AB (publ)
Ivo Stopner
President
Appendix: Interim Report January – September 2010
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 10, 2010.
Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00.
