Summary of April–June 2016
(comparison period 1 Apr.–30 June 2015)

• Turnover totalled EUR 86.4 (92.3) million. Turnover decreased due to rental housing stock divestments.

• Profit before taxes amounted to EUR 51.0 (64.1) million. The profit decreased by EUR 13.0 million. The profit was impaired by capital gains and losses on investment properties, totalling EUR -27.9 million. The capital losses might decrease later as a result of the appeal on ARA’s decision. The profit includes EUR 42.1 (21.2) million in net valuation gain on the fair value assessment.

• Net rental income was EUR 55.8 (57.8) million, representing 64.5 (62.7) per cent of turnover. Net rental income was decreased by rental housing stock divestments.

• The rental occupancy rate remained high, standing at 96.9 (97.4) per cent.

• The Group’s gross investments during the period totalled EUR 46.2 (61.8) million.

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period of the previous year. The figures in this Interim Report have not been audited.