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eastnine Interim report January - March 2021 Eastnine's rental income and profit from property management increased during the period due to a larger property portfolio . Conditions are stable , although the market is hesitant , resulting in transactions and new letting take longer than normal . After the end of the period , Eastnine has entered into an agreement for acquisition of two properties totalling EUR 35.5m . The period January - March 2021 • Rental income increased by 14 per cent to EUR 5,099k ( 4,475 ) . The increase is due to a larger property portfolio . In a comparable portfolio , rental income decreased by 7 per cent due to higher vacancies in Riga . • Net operating income increased by 14 per cent to EUR 4,613k ( 4,044 ) . • Profit from property management increased by 8 per cent to EUR 2,454k ( 2,262 ) . • Unrealised value changes amounted to EUR 3,747k ( -24,256 ) . Of this change , EUR 1,466k ( -2,738 ) is attributable to real estate , EUR 1,942k ( -21,283 ) to investments and EUR 339k ( -235 ) to derivatives . • Profit / loss for the period amounted to EUR 5,649k ( -22,253 ) , corresponding to EUR 0.26 per share ( -1.05 ) . • The average rent level amounted to EUR 15.0 per sq.m. per month ( 14.9 ) and the occupancy rate to 90.7 per cent ( 92.6 ) . Net letting amounted to EUR -138k . Key events during the first quarter • The Board of Directors proposes a dividend of 3.00 SEK per share ( 2.70 ) , with payments distributed evenly on four occasions in May , August and November 2021 , and February 2022 . Significant events after end of the period • Eastnine has acquired two properties , one in Riga and one in Vilnius . The total purchase consideration amounts to EUR 35.5m . Both properties are certified with LEED Platinum . The properties are expected to be taken into possession before the end of second quarter 2021 . 2021 SELECTED KEY FIGURES Rental income , EURK Profit from property management , EURK Profit from property management per share , EUR Net profit / loss for the period , EURK Jan - Mar 2020 Jan - Mar 2020 Jan - Dec 5,099 4,475 19,186 2,454 2,262 10,011 0.11 0.11 0.47 5,649 -22,253 36,155 Earnings per share , EUR Return on equity , % 0.26 -1.05 1.70 7.2 -34.6 12.5 2021 2020 2020 SELECTED KEY FIGURES 31 Mar 31 Mar 31 Dec Loan - to - value , % 36 40 36 Loan - to - value , properties , % 46 50 46 Sustainability - certified properties¹ , % of sq.m. 87 72 87 Equity per share , EUR 14.3 11.6 14.0 Equity per share , SEK² 146 126 141 Long - term NAV per share , EUR 14.9 12.0 14.6 Long - term NAV per share , SEK² 152 131 147 Comparative figures in the Interim Report refer to the period January - March 2020 in income statement items and as per 31 December 2020 in balance sheet items . " The Company " refers to the Eastnine Group . 1 Sustainability - certified area in proportion to total area ( excluding area expected to undergo significant redevelopment ) . 2 EUR = 10.24 SEK as of 31 March 2021 ( source : Reuters ) .