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Heba Fastighets (HEBA) investor relations material
Heba Fastighets Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focus on profitable and sustainable growth in Stockholm and Mälardalen, specializing in rental housing and care properties.
Net profit for Jan–Sep 2025 was SEK 153.0 million, up from SEK -7.9 million year-over-year, with Q3 profit at SEK 37.4 million.
Rental income rose to SEK 454.5 million for Jan–Sep, mainly due to acquisitions.
Record-low residential vacancy rate at 0.06%.
Ongoing expansion of care and residential property portfolio, with several projects in production and planning.
Financial highlights
Net profit after tax for Jan–Sep 2025: SEK 153.0 million, up from SEK -7.9 million year-over-year.
NOI margin reached 74.4% (72.5%) for Jan–Sep.
Rental income up 9% to SEK 454.5 million; operating surplus up 12% to SEK 338.0 million.
Property value change: SEK 67.0 million (0.5%), compared to SEK -32.6 million (-0.3%) last year.
Cash flow from operating activities was SEK 205.6 million for Jan–Sep.
Outlook and guidance
New financial targets for 2025–2030: average 5% annual management result growth, loan-to-value not exceeding 45% on average, surplus ratio above 70%.
Target for property market value to exceed SEK 20 billion by 2030.
At least 20% of net operating income to come from community service properties.
Targeting climate-neutral property management by 2030 and full climate neutrality by 2045.
Market conditions are improving with falling interest rates and stable inflation.
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