Brief: Hufvudstaden Q1 Unrealised Changes In Value Of Properties SEK -759 Mln

Hufvudstaden AB

08/05/2024 13:55

May 8 (Reuters) - Hufvudstaden AB  HUFVa.ST :
    * VACANCY RATE INCREASED SLIGHTLY AND LETTING PROCESSES ARE
TAKING
LONGER
    * Q1 FAIR VALUE OF PROPERTY HOLDINGS WAS SEK 46.2 BILLION
(46.7 AT
YEAR-END)
    * RETAIL SECTOR REMAINS CHALLENGING, BUT EXPERIENCE THAT
RETAILERS
AND BRANDS ARE BECOMING MORE OPTIMISTIC ABOUT FUTURE
    * UNREALISED CHANGES IN VALUE OF PROPERTY HOLDINGS AMOUNTED
TO SEK
-759 MILLION (-906) FOR Q1
    * Q1 NET LOAN-TO-VALUE RATIO WAS 22 PER CENT (20) AND
INTEREST
COVERAGE RATIO WAS 4.0 (6.2)

Source text for Eikon:  ID:nWkr4QbjXh 
Further company coverage:  HUFVa.ST 

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