Fastighetsbolaget Emilshus (EMIL) investor relations material

Executive summary

• Jan–Sep rental income rose 29% to MSEK 831, profit from property management rose 23% to MSEK 374, and operating cash flow increased 24% to MSEK 345; acquisitions were the primary growth driver.

• Q3 rental income increased 25% to MSEK 286 and profit from property management rose 18% to MSEK 133; net profit was MSEK 147 versus MSEK 167 a year earlier.

• The 2026 profit-from-property-management forecast was raised to MSEK 500 from MSEK 495, reflecting the current portfolio and announced acquisitions.

Financial highlights

• Jan–Sep net profit was MSEK 439 versus MSEK 379; earnings per ordinary share were SEK 3.03 before dilution and SEK 3.02 after dilution.

• Q3 net profit was MSEK 147 versus MSEK 167; Q3 profit from property management per ordinary share increased 14% to SEK 0.89.

• Jan–Sep net operating income increased 27% to MSEK 657; like-for-like net operating income was unchanged, while like-for-like rental income rose 1%.

• Jan–Sep changes in value of investment properties affected earnings by MSEK 98 versus MSEK 205; financial instruments contributed MSEK 88 versus a loss of MSEK 42.

• Operating cash flow was MSEK 345; net investments totaled MSEK 1,980, including MSEK 1,854 for property transactions.

Outlook and guidance

• FY2026 profit from property management is forecast at MSEK 500, up from the previous MSEK 495 estimate; the basis includes the current portfolio and announced acquisitions.

• Current earnings capacity at October 1 indicated annual profit from property management of MSEK 518, but this illustration excludes future changes in rents, vacancies, costs and interest rates.

• Available capital and financing options support selective acquisition ambitions; a more challenging market could create opportunities for properties in suitable locations and at appropriate returns.