Brief: Akelius Q2 Loss Widens To EUR 37 Mln

Akelius Residential Property AB (publ)

28/07/2023 09:48

July 28 (Reuters) - Akelius Residential Property AB
(publ)  AKELd.ST :
    * AT END OF JUNE, MARKET VALUE OF PROPERTY PORTFOLIO WAS EUR
6,156
MLN
    * LIQUIDITY OF EUR 2,637 MLN AT END OF JUNE WILL BE USED TO
REPAY
DEBT AS IT MATURES
    * LOAN-TO-VALUE AT END OF JUNE WAS 17 PERCENT
    * WILL NOT OBTAIN ANY NEW DEBT OR REFINANCE ANY CURRENT DEBT
    * LIQUIDITY OF EUR 2,637 MLN AT END OF JUNE WILL BE USED TO
REPAY
DEBT AS IT MATURES
    * APRIL-JUNE RENTAL INCOME EUR 82 MLN VERSUS EUR 74 MLN YEAR
AGO
    * APRIL-JUNE LOSS FOR PERIOD EUR 37 MLN VERSUS LOSS EUR 19
MLN
YEAR AGO
    * JAN-JUNE NEGATIVE PROPERTY VALUE GROWTH OF EUR 96 MLN, OR
1.5
PERCENT

Source text for Eikon:  ID:nWkr2Tymr4 
Further company coverage:  AKELd.ST 

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