Hufvudstaden: Interim Report January – September 2009

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

Hufvudstaden (STO:HUFVA)(STO:HUFVC):

  • The gross profit from property management for comparable holdings in-creased by 5 per cent to SEK 699 million (666). The improvement in profit can be attributed mainly to higher rents and lower maintenance costs.
  • The result for the period after tax was SEK -356 million (-406), equivalent to SEK -1.73 per share (-1.97). The corresponding result for the third quarter was SEK 145 million (-320).
  • The equity ratio was 55 per cent, the net loan-to-value ratio was 17 per cent and the interest coverage ratio multiple was 6.9.
  • The fair value of the property holdings was set at SEK 18.2 billion (19.1 at the turn of the year). The net asset value was SEK 62 per share (66 at the turn of the year).
  • The consolidated net revenue for comparable holdings amounted to SEK 1,020 million (1,001), an increase of 2 per cent.
  • The rental vacancy level at the end of the period was 5.8 per cent (5.3 at the turn of the year) and excluding projects in progress 3.2 per cent (2.9 at the turn of the year).
  • For the second year in succession, Hufvudstaden has the most satisfied of-fice tenants according to the Fastighetsbarometern Customer Satisfaction Survey.

Stockholm, November 5, 2009 HUFVUDSTADEN AB (publ)

Ivo Stopner President

Enclosure: Interim Report January - September 2009

The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish according to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on November 5, 2009 at 11:00.

This information was brought to you by Cision http://www.cisionwire.com

Contacts

Ivo Stopner, President
or
Magnus Jacobson, Head of Finance
telephone +46 (0)8-762 90 00

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