Heimstaden - comment

With occupancy effectively full (99.5% across the three main markets), Heimstaden continues to post improving rental income figures, and all metrics are trending positively. However, management reiterated that there will be no dividend for fiscal year 2026, driven by continued interest rate volatility, with focus remaining on improving leverage metrics and maintaining a liquidity buffer.

Privatisation sales remained strong at SEK 2,238m (30.1% premium to book), though the quarter's net result was hit by a SEK 3,471m non-cash accounting loss from reclassifying the Lumo Homes stake.