Regulatory

Sveafastigheter’s year-end report January-December 2025

Operational focus generates long-term shareholder value

“Sveafastigheter is demonstrating that the company’s operational focus in the fourth quarter is continuing to strengthen profitability, with a significantly improved NOI margin and strong profit from property management. Overall it has been a succesful 2025 in which serveral milestones where reached.
This clear focus is optimising the management of the property portfolio, strengthening the return and creating growth through profitable investments in both the existing portfolio and new development, and thereby generating long-term shareholder value.”, says Erik Hävermark, CEO of Sveafastigheter.

The period January-December 2025

  • Rental income increased by 12.9 percent and amounted to SEK 1,536m (1,361).
    For comparable portfolio, rental income increased by 4.8 percent.
  • Net operating income increased by 17.4 percent and amounted to SEK 1,010m (860).
    For comparable portfolio, net operating income increased by 7.4 percent.
  • Profit from property management amounted to SEK 376m (160).
  • Changes in property values amounted to SEK -243m (-1,188).
    During the period, SEK 953m was invested.
  • Profit/loss for the period amounted to SEK 84m (-1,125), corresponding to SEK 0.42 (-8.15) per share.

Fourth quarter 2025

  • Rental income increased by 9.9 percent and amounted to SEK 387m (352).
  • Net operating income increased by 14.5 percent and amounted to SEK 246m (215).
  • Profit from property management amounted to SEK 96m (38).
  • Changes in property values amounted to SEK -138m (195). During the quarter, SEK 261m was invested.
  • Profit/loss for the quarter amounted to SEK -12m (256), corresponding to SEK -0.06 (1.28) per share.

Significant events during the quarter

  • An existing SEK 1,000m credit facility and a secured loan of SEK 481.5m maturing in 2026 were extended until 2028.
  • In Västerås, construction was started on 131 apartments, with a calculated annual net operating income of SEK 18m on completion. The first move-in is expected to take place in 2027.
  • A land allocation for 120 apartments in central Tullinge has been obtained.
  • An agreement with KlaraBo was signed for an exchange transaction with a total property value of SEK 2.1 billion, covering a total of 1,231 apartments, of which Sveafastigheter acquires 656 apartments and divests 575. Through the transaction, the Company strengthens its presence in six municipalities and leaves five. The handover took place after the end of the quarter.

Significant events after the quarter

  • A Euro Medium Term Note programme totalling EUR 2,000m was established and under it senior unsecured bonds amounting to EUR 300m were issued.
  • The Company has exercised its right regarding the early redemption of the outstanding EUR 111m of senior unsecured bonds.
  • Building rights for two projects in Nacka for approximately 155 apartments in Orminge city and approximately 105 apartments in Älta city.
  • The Company was appointed anchor developer and obtained land allocation for at least 10,000 GFA in Silokvarteren in the central of Västerås.

For further information, please contact:
Kristel Eismann, Head of Treasury and IR, ir@sveafastigheter.se

About Sveafastigheter
Sveafastigheter owns, manages and develops people’s homes. The property portfolio consists of a wide range of rental apartments in growth regions in Sweden. The buildings are managed and developed with a local presence and commitment. Sveafastigheter develops and builds new sustainable housing where the demand for housing is the greatest.

This information is information that Sveafastigheter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-17 07:30 CET.

Attachments
Sveafastigheter year-end report 2025

Documents