)

Heimstaden (HEIM) investor relations material
Heimstaden Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Like-for-like rental income grew 5.2% year-over-year, with total rental income at SEK 3,959 million, supported by indexations, tenant improvements, and rent reversion.
Net operating income rose to SEK 2,930 million, with a quarterly NOI margin of 74.0% and LTM NOI margin of 71.5%.
Real economic occupancy increased to 98.5%, reflecting strong demand and portfolio management.
Property values increased by 1.2% during the quarter, driven by positive rental growth and robust housing markets.
Privatisation sales reached SEK 2,268 million, with 507 units sold at a 29.9% premium to book value.
Financial highlights
Rental income for Q2 2025 was SEK 3,959 million, up 0.4% year-over-year.
Net operating income margin improved to 74.0% from 71.4% in Q2 2024.
Net loan-to-value (LTV) reduced to 54.2% from 58.1% year-over-year.
Interest coverage ratio (ICR) stood at 1.9x, up from 1.8x in Q2 2024.
Net cash flow from operating activities was SEK 1,234 million, with closing cash and equivalents at SEK 5,705 million.
Outlook and guidance
Continued focus on value-accretive capital expenditures and privatisation sales to support deleveraging.
Expectation of further unit deliveries in Denmark, Sweden, Czechia, and Germany, with an estimated fair value of SEK 2,849 million and annualised NOI of SEK 115 million.
Ongoing deployment of maintenance and sustainability investments, with increased capital expenditure anticipated.
Next Heimstaden earnings date

Next Heimstaden earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage