Heimar hf Overview
Pro stress-test →Heimar is a real estate company that invests in, leases and manages commercial premises in Iceland and is a public limited company listed on the Iceland Stock Exchange (NASDAQ Iceland hf.). The company operates ~100 properties spanning nearly 400,000 square meters with a 97% occupancy ratio and an increasingly diversified tenant base of approximately 425 lessees.
Strategic Profile
Pro stress-test →The company has focused on consolidating and promoting defined core areas which include the Smáralind area, central Reykjavík, Borgartún and central Garðabær, with 65% of square metres accounting for around 70% of portfolio value located in these defined cores. 42% of the company's portfolio has received the environmental certification BREEAM In-use, positioning Heimar as a sustainability leader in Iceland's real estate sector.
Competitive Landscape
Pro stress-test →Heimar operates in Iceland's concentrated commercial real estate market with limited direct public competitors. The company competes primarily with private Icelandic developers and investment firms while differentiating through scale (400,000 m²), core area portfolio focus, and sustainability credentials. Market dynamics reflect Iceland's small population (~380,000) and concentrated urban development in Greater Reykjavík.
Industry Context
Heimar hf operates in Commercial Real Estate / Real Estate Investment Trust (REIT).
Key facts
Founded: 2009 · Headquarters: Reykjavík, Iceland