IFPM in the earnings capacity -8%
Total income amounted to SEK 182m (156m), 3% above our forecast of SEK 176m. Net operating income was SEK 117m (107m), 1% vs. ABGSCe (we view the new line item “income and expenses from development properties as non-recurring). Income from property management (IFPM) amounted to SEK 63m (71m) relative to our estimate of SEK 68m. IFPM per share in the earnings capacity fell by 8% from the previous quarter, driven by ~21% higher net financial. Renovated apartments amounted to 48 in Q3 and 112 Q1-Q3 vs. the full-year target of 200 apartments.
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