NP3 Fastigheter (NP3) investor relations material

Executive summary

• Achieved strong quarterly growth with rental income up 10% to MSEK 1,227, net operating income up 10% to MSEK 913, and profit from property management up 12% to MSEK 578.

• Net profit after tax increased 53% year-over-year to MSEK 731, equivalent to SEK 10.86 per common share.

• Property portfolio expanded to 676 properties, with significant acquisitions and investments totaling MSEK 2,308 in H1 2026.

• Maintained resilient demand in the rental market despite macroeconomic volatility, supported by a diversified tenant base and stable occupancy.

• Dividend of SEK 6.40 per common share and SEK 2.00 per preference share approved; new CFO appointed and preference share issue raised MSEK 383.

Financial highlights

• Rental income increased 10% year-over-year to MSEK 1,227; net operating income rose 10% to MSEK 913; surplus ratio stable at 74%.

• Profit from property management (PFPM) grew 12% to MSEK 578; PFPM per common share up 10% to SEK 8.47.

• Property value reached MSEK 28,740, up from MSEK 26,087; net letting for the quarter was MSEK +51.

• Net profit after tax: MSEK 731 (477); changes in property value: MSEK 348 (221).

• Net investments: MSEK 2,308, with MSEK 1,868 in acquisitions and MSEK 517 in existing properties/new construction.

Outlook and guidance

• Forecasted profit from property management for 2026 is MSEK 1,240, representing 12% annual growth or 11% growth per common share.

• Ongoing development projects with a budget of MSEK 976 and forecasted yield of 8.0% expected to support earnings in 2026–2027.

• Continued focus on long-term investments and geographical expansion to support earnings growth.