• SEK 5.1 billion in profit before deferred tax and currency effects.
• Fair value of investment properties of SEK 179.5 billion with 114,041 homes.
• Rental income grew 38% compared to Q1 2020, driven by acquisitions.
• Strong operational performance with 97.6% real economic occupancy.
• Heimstaden Bostad closed acquisitions for SEK 26.1 billion, of which 15.7 billion in Denmark, making it Heimstaden's largest market in terms of value.
• Strong financial metrics with LTV of 43.3% (48.2%) and ICR of 3.0x (2.5x).
• Heimstaden Bostad raised SEK 12.5 billion in new equity, of which 5.4 billion from Heimstaden, and SEK 13.1 billion in senior unsecured and hybrid bonds.
• Heimstaden raised SEK 3.5 billion from its first Euro-denominated bond.

Commenting on the results, CEO Patrik Hall said:

"An eventful first quarter, where two major acquisitions in Denmark and Germany resulted in strong growth in rental income and value. Our funding metrics improved and Heimstaden Bostad raised new equity, ensuring financial strength and flexibility to explore new investments opportunities.

We delivered strong operational results and I am proud of our competent and flexible colleagues who go the extra mile every day. Together, we will continue to push forward and pursue our ambitious goals in 2021 and beyond."