Heba Fastighets (HEBA) Stockholm Corporate Finance Conference 2024 summary

Strategic direction and growth

• Focus on profitable and sustainable growth in the Stockholm region and Mälardalen, emphasizing rental housing and community properties.

• Growth strategy includes self-developed housing, building rights, joint ventures, and maintaining a modern property portfolio.

Portfolio and operations

• Manages 58 properties, including 12 community properties, with a lettable area of 258,000 sqm and 3,148 residential units.

• Operates in multiple municipalities within the Stockholm region and Mälardalen.

• Employs 43 staff and manages 354 commercial premises.

Financial performance and targets

• Aims for an annual management result exceeding SEK 200 million (excluding tenant-owner income) for 2023–2025.

• Targets a loan-to-value ratio not exceeding 50% and a surplus ratio above 70%.

• Dividend policy set at a minimum of 40% of management result after tax.

• Current loan-to-value ratio is 44.7%, with a BBB stable outlook and an average interest rate of 2.81%.