Intea Fastigheter (INTEA) investor relations material

Executive summary

• Q3 rental income rose 18.1% YoY to SEK 463m; profit from property management rose 18.8% to SEK 287m, and profit after tax was SEK 617m.

• 9M rental income increased 24.1% to SEK 1,376m and profit from property management rose 28.2% to SEK 829m.

• Property value reached SEK 30.3bn; the ongoing project portfolio was SEK 12.1bn, with SEK 9.7bn remaining investment.

Financial highlights

• Q3 net operating income was SEK 397m vs SEK 341m; Q3 like-for-like rental income growth was 2.9%.

• 9M net operating income was SEK 1,152m vs SEK 942m; 9M like-for-like rental income growth was 2.2%.

• Q3 changes in value were SEK 147m for investment properties and SEK 349m for derivative instruments.

• 9M unrealised property value gains were SEK 519m; derivative gains were SEK 282m, and profit before tax was SEK 1,623m.

• Operating cash flow was SEK 564m; investing cash flow was negative SEK 1,603m, and period-end cash was SEK 520m.

Outlook and guidance

• Ongoing projects are expected to raise annual rental value by 47% to SEK 2,735m; remaining investment was SEK 9.7bn at September 30.

• October 1 earning capacity showed rental income of SEK 1,837m, NOI of SEK 1,551m and property-management profit of SEK 1,113m; these measures are not forecasts.

• Growth targets are above 12% for NAV and profit from property management per Class A and B share.

• Pipeline described as supporting predictable growth; tenant demand for new and modernized premises supports further projects.

• Planned completions include Viskan Prison expansion in Q4 2027, NFC Linköping and Västerås Custody Unit in Q4 2028, and Värnamo Prison in Q4 2030.