year-end report 2025, January to December
Idag, 10:45
year-end report 2025, January to December
7.0 percent net operating income growth, like-for-like
4.8 percent rental income growth,
like-for-like
Rental income was EUR 368 million,
an increase of 4.8 percent like-for-like.
Although demand for Akelius’ apartments remains high,
it is lower than previous quarters,
mainly on stricter immigration policies in the US and Canada.
Like-for-like net operating income grew by 7.0 percent.
Despite stable rental income in local currency,
the depreciation of USD and CAD against the EUR had a negative impact.
vacancy rate 3.9 percent
Vacancy fell by 0.8 percentage points in the past year,
driven by completed capital projects and stronger asset and property management.
The real vacancy rate,
excluding construction work and sales,
was 2.3 percent.
capitalization rate 4.88 percent
The negative value growth was EUR -42 million,
or -0.7 percent.
The capitalization rate decreased slightly,
from 4.89 to 4.88 percent during 2025,
although still elevated due to high interest rates and continued market uncertainty.
Total fair value of the properties decreased from EUR 5,992 million to EUR 5,669 million in 2025,
mainly due to the depreciation of the USD and CAD against EUR which had a negative impact of EUR 486 million.
loan-to-value at 39 percent
The loan-to-value is 39 percent.
Akelius financial policy threshold is 40 percent.
strong financial position
Through refinancing and new loans,
the average interest rate has increased during the year,
from 1.15 to 1.91 percent.
Debt maturity is 3.2 years,
compared to 2.7 years at the end of 2024.
Akelius has the financial guarantee from the main owner,
currently at EUR 1,500 million.
CEO, Ralf Spann
2025 proves that completing capital projects, reducing vacancy and maintaining a high level of cost awareness have paid off.
Berlin, 2026-02-06
Ralf Spann
CEO
+49 173 643 65 90
ralf.spann@akelius.de
This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act.
The information was submitted for publication at 10.45am CEST on February 6, 2026.
year-end report 2025, January to December
Idag, 10:45
year-end report 2025, January to December
7.0 percent net operating income growth, like-for-like
4.8 percent rental income growth,
like-for-like
Rental income was EUR 368 million,
an increase of 4.8 percent like-for-like.
Although demand for Akelius’ apartments remains high,
it is lower than previous quarters,
mainly on stricter immigration policies in the US and Canada.
Like-for-like net operating income grew by 7.0 percent.
Despite stable rental income in local currency,
the depreciation of USD and CAD against the EUR had a negative impact.
vacancy rate 3.9 percent
Vacancy fell by 0.8 percentage points in the past year,
driven by completed capital projects and stronger asset and property management.
The real vacancy rate,
excluding construction work and sales,
was 2.3 percent.
capitalization rate 4.88 percent
The negative value growth was EUR -42 million,
or -0.7 percent.
The capitalization rate decreased slightly,
from 4.89 to 4.88 percent during 2025,
although still elevated due to high interest rates and continued market uncertainty.
Total fair value of the properties decreased from EUR 5,992 million to EUR 5,669 million in 2025,
mainly due to the depreciation of the USD and CAD against EUR which had a negative impact of EUR 486 million.
loan-to-value at 39 percent
The loan-to-value is 39 percent.
Akelius financial policy threshold is 40 percent.
strong financial position
Through refinancing and new loans,
the average interest rate has increased during the year,
from 1.15 to 1.91 percent.
Debt maturity is 3.2 years,
compared to 2.7 years at the end of 2024.
Akelius has the financial guarantee from the main owner,
currently at EUR 1,500 million.
CEO, Ralf Spann
2025 proves that completing capital projects, reducing vacancy and maintaining a high level of cost awareness have paid off.
Berlin, 2026-02-06
Ralf Spann
CEO
+49 173 643 65 90
ralf.spann@akelius.de
This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the Securities Markets Act.
The information was submitted for publication at 10.45am CEST on February 6, 2026.
Inflationen
Analyser
Bostadspriser
Volvo Cars ras
Aktier
Rapporter
Inflationen
Mest läst
Analyser
Bostadspriser
Volvo Cars ras
Aktier
Rapporter
Marknadsöversikt
1 DAG %
Senast
1 mån
