Globally well-diversified income-producing property portfolio with exposure to large metropolitan areas where demand outpaces supply and real estate prices are on a rise. Large asset portfolio of approximately Swedish krona (SEK) 73 billion (approximately €8 billion), spread across 51,000 apartments with a large tenant base. Strong operational track record, with like-for-like rental income growth sustainably over 3% as well as high and stable occupancy rate of about 99%, excluding vacant premises for renovation needs. High debt-to-debt-plus equity ratio of about 60%, including our adjustments for preference shares and hybrid loan. EBITDA interest coverage of only 1.3x, despite historical low interest rate environment. Standard&Poor's Ratings Services' outlook on Akelius Residential Property AB is stable. It reflects our expectation of
