interim report 2022, January to June

18 percent increase in net operating income

Rental income was EUR 140 million,
an increase of 40.4 percent compared to the same period last year.

The like-for-like vacancy rate decreased during the last twelve months by 2.5 percentage points to 11.3 percent,
in line with the ambition to increase the cash flow from properties.

The like-for-like net operating income growth was 18.0 percent for the period.
The focus on finishing capital projects and performing cost control, in combination of a strong rental market, are the main drivers of this growth.

At the end of June, the market value of the property portfolio was EUR 6,829 million.
The value change was EUR 15 million, equivalent to 0.2 percent.

Akelius acquired properties for EUR 321 million during the period in Montreal, Toronto, Ottawa, Boston, and Washington D.C.
The average capitalization rate was 4.04 percent.

The loan-to-value at the end of June was 9 percent.

CEO, Ralf Spann

Rental markets have a strong development across Akelius’ metropolitan cities.
Reduced COVID-19 effects have a positive impact on rental income,
for example in New York.
The stronger market supports the growth in new lease levels, reduces rent concessions, and results in higher occupancy.

On the financing side, Akelius benefits from having long-term debt with fixed interest rate for on average 5.5 years and no need to raise more debt.

Berlin, 2022-08-01

Ralf Spann
CEO
+49 173 643 65 90
[email protected]

This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act.
The information was submitted for publication at 07.30am CET on 1 August 2022.

Akelius Residential Property AB’s D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company, [email protected], +46-8-409 421 20.