Heimstaden results for the third quarter of 2026 showed rental income rising to SEK 4,036 million from SEK 3,989 million a year earlier, while property values declined amid heightened interest-rate volatility.

Heimstaden results: rental growth and occupancy

Like-for-like rental growth was 4.0%, compared with 4.5% in the same quarter of 2025. The quarterly net operating income margin increased to 77.1% from 75.3%.

Real economic occupancy rose to 99.3% from 98.6%. The net loan-to-value ratio fell to 48.9% from 51.5%, while interest coverage increased to 2.1 times from 1.9 times.

Property sales, acquisitions and financing

Heimstaden said heightened interest-rate volatility led to a 0.3% decline in property values during the quarter. Privatisation sales totaled SEK 2,054 million across 563 units, compared with SEK 2,865 million across 615 units a year earlier.

The company acquired existing properties and forward-purchase development assets in Denmark and the Netherlands for approximately SEK 4,600 million.

Its subsidiary Heimstaden Bostad issued two green senior unsecured notes of SEK 750 million each, with terms of two years and 3.5 years. The fixed-rate and floating-rate notes carried coupons of 3.27% and STIBOR plus 87 basis points.

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