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eastnine Interim report January - June 2021 Eastnine's rental income and profit from property management increased during the period due to a larger property portfolio . The property portfolio has grown following the acquisition of two fully let office properties and the investment strategy has been broadened to include premium logistics . After the end of the period , Eastnine has issued its first green bond . The period January - June 2021 • Rental income increased by 18 per cent to EUR 10,522k ( 8,942 ) . This increase is attributable to a larger property portfolio . In a comparable portfolio , rental income decreased by 6 per cent , due to higher vacancies in Riga . • Net operating income increased by 19 per cent to EUR 9,538k ( 8,031 ) . • Profit from property management increased by 19 per cent to EUR 5,289k ( 4,432 ) due to a larger property portfolio and economies of scale . • Unrealised value changes amounted to EUR 4,225k ( -15,755 ) . Of this change , EUR 2,916k ( 2,584 ) is attributable to properties , EUR 948k ( -17,678 ) to other investments and EUR 361k ( -661 ) to derivatives . • Profit / loss for the period amounted to EUR 11,793k ( -12,513 ) , corresponding to EUR 0.53 per share ( -0,59 ) . • The average rent level was EUR 15.0 per sq.m. per month ( 14.9 ) and the occupancy rate amounted to 92.6 per cent ( 92.6 ) . Net letting amounted to EUR -707k . 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 Earnings per share , EUR Return on equity , % SELECTED KEY FIGURES Loan - to - value , properties , % Net loan - to - value , properties , % Sustainability - certified properties¹ , % of sq.m. Equity per share , EUR Equity per share , SEK² Long - term NAV per share , EUR Long - term NAV per share , SEK² Key events during the second quarter • Eastnine's Board of Directors has broadened the investment strategy to include first - class logistics properties in the Baltics . • Two office properties , one in Riga and one in Vilnius , have been acquired and taken into possession . Both properties are LEED Platinum certified . • In 2021 , Eastnine was awarded the U.S. Green Building Council Leadership Award in the Europe category for its work on development of green buildings . Key events after the end of the period • Eastnine has issued its first green bond of EUR 45m , with a term of three years . 2021 Jan - Jun 10,522 5,289 0.24 11,793 0.53 7.5 2020 Jan - Jun 8,942 4,432 0.21 -12,513 -0.59 -9.7 2021 Apr - Jun 5,423 2,836 0.13 6,144 0.28 7.8 2021 30 Jun 48 43 88 14.2 144 14.9 151 2020 Apr - Jun 4,467 2,170 0.10 9,740 0.46 15.7 2020 31 Dec 46 40 87 14.0 141 14.6 147 In the Interim Report , comparative figures refer to the period January - June 2020 in income statement items and as per 31 December 2020 in balance sheet items . The Company refers to the Eastnine Group . ¹Sustainability - certified area in proportion to total area ( excluding area expected to undergo significant redevelopment ) . ² EUR = 10.14 SEK as of 30 June 2021 ( source : Reuters ) .