Trianon (TRIAN) investor relations material

Strategic overview and market position

• Focus on owning, managing, and developing properties in the Malmö region with a commitment to sustainable and value-creating urban development.

• Portfolio consists of 138 properties, 464,000 sqm, and 5,021 apartments, valued at SEK 13.1 billion.

• Malmö and the Öresund region are highlighted as strong growth areas with a young, well-educated population and increasing job opportunities.

• Portfolio is primarily residential (77%), with the remainder in community/commercial properties.

• High direct yield and low risk profile emphasized as key investment arguments.

Financial performance and targets

• Property management profit grew by 20% per share in H1 2026, with rental income up 4% and operating surplus up 5%.

• Return on equity reached 4% and earnings per share were SEK 0.58 for the period.

• Financial targets for 2025–2030 include management profit per share >12%, return on equity >10%, and loan-to-value below 55%.

• Stable financial position with 93% bank financing, average interest rate of 3.4%, and interest coverage ratio of 2.15x.

• Earnings capacity per share increased by 14% with reduced vacancies and strong leasing.

Sustainability and development initiatives

• Sustainability goals for 2030 include reducing average energy consumption to below 100 kWh/sqm and achieving 100% sustainable financing.

• Service index target of at least 83% by 2030 to enhance tenant satisfaction and safety.

• Ongoing reduction in energy consumption and increase in sustainable financing share.

• Large development rights portfolio with 1,600 residential building rights and 200,000 sqm BTA.

• Urban development projects such as Burlöv City aim to add 630 new homes and mixed-use space.