NP3 Fastigheter (NP3) investor relations material

Executive summary

• Rental income rose 10% year-over-year to MSEK 606, with net operating income up 10% to MSEK 422 and profit from property management up 11% to MSEK 260.

• Net profit after tax increased 37% year-over-year to MSEK 376, equivalent to SEK 5.58 per common share.

• The property portfolio expanded to 643 properties, with significant acquisitions and a divestment completed in the quarter.

• The company issued MSEK 400 in unsecured green bonds and completed a directed issue of preference shares to offset debts.

Financial highlights

• Rental income: MSEK 606 (+10% YoY); net operating income: MSEK 422 (+10% YoY); surplus ratio: 70%.

• Profit from property management: MSEK 260 (+11% YoY); per share: SEK 3.77 (+9% YoY).

• Changes in property value: MSEK 123; net profit after tax: MSEK 376 (+37% YoY).

• Net investments: MSEK 388, including MSEK 187 in acquisitions and MSEK 270 in existing properties/new construction.

• Market value of properties: MSEK 26,595; yield: 7.0%.

Outlook and guidance

• 2026 profit from property management forecast raised to MSEK 1,220, up from previous guidance of MSEK 1,180.

• Earnings increase expected due to reduced vacancies and investments, mainly through acquisitions.

• Loan-to-value ratio after major acquisition expected at 53%, within the target range.