Prisma Properties (PRISMA) investor relations material

Executive summary

• Rental income rose 35% year-over-year to SEK 159 million in Q2 and SEK 310 million for H1 2026, driven by acquisitions, developments, and index adjustments.

• Net operating income increased 40% year-over-year to SEK 141 million in Q2 and SEK 273 million in H1 2026.

• Profit from property management grew 46% year-over-year to SEK 71 million in Q2 and SEK 139 million in H1 2026.

• Property value reached SEK 10.9 billion, with significant expansion in Finland and a completed exit from Norway.

• Net profit for Q2 was SEK 63 million (SEK 0.38/share), and SEK 225 million (SEK 1.37/share) for H1 2026.

Financial highlights

• Surplus ratio improved to 89% in Q2 and 88% for H1 2026.

• Net letting was SEK 18 million; economic occupancy rate remained high at 98.6%.

• Net financial items were SEK -57 million in Q2 and SEK -107 million in H1 2026, mainly due to higher interest expenses.

• Loan-to-value (net) stood at 49.5%, with an average interest rate of 4.19%.

• Equity ratio was 43.4% at period end.

Outlook and guidance

• Targeting SEK 16 billion in property value by end of 2028, with continued focus on grocery and discount retail segments.

• Ongoing and planned projects expected to maintain high investment pace, with over SEK 1 billion annual investment rate in development projects.

• 90% of portfolio to have energy class A or B by end of 2027.

• Forward-looking earnings capacity increased, supported by new projects and acquisitions.

• Guidance for paid tax remains at zero, with current positive tax effects seen as temporary.