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Gross profit from property management amounted to SEK 857 million (851). The increase can be attributed mainly to higher rents.
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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).
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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).
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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).
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Consolidated net revenue amounted to SEK 1,236 million (1,201), an increase of 3 per cent.
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The rental vacancy level at the period-end was 5.5 per cent (4.0).
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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
