Brief: Akelius Q4 Net Operating Income Stable At EUR 259 Mln

Akelius Residential Property AB (publ)

08/02/2021 06:38

Feb 8 (Reuters) - Akelius Residential Property AB (publ)  AKELd.ST :
    * Q4 RENTAL INCOME EUR 115 MILLION VERSUS EUR 122 MILLION YEAR AGO
    * Q4 NET OPERATING INCOME WAS EUR 259 MILLION VERSUS EUR 260 MILLION YEAR AGO
    * Q4 LOSS BEFORE TAX EUR 8 MILLION VERSUS PROFIT EUR 100 MILLION YEAR AGO
    * EXPECTS HIGHER RENTAL INCOME IN 2021 COMPARED TO 2020 DESPITE A HEADWIND IN FORM OF
INCREASED
RENT REGULATION AND COVID-19.
    * THE COMPANY EXPECTS FIFTY PERCENT LOWER VACANCY AND EUR 25 MILLION HIGHER YEARLY RENTAL
INCOME
AFTER COMPLETION OF MATERIAL PROJECTS END OF 2022

Source text for Eikon:  ID:nWkr9xCz3g 
Further company coverage:  AKELd.ST 

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