Victoria Eiendom
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Victoria Eiendom Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary20 Aug, 2026

Executive summary

  • Consolidated revenue for the group reached NOK 819 million for H1 2026, up from NOK 754 million year-over-year.

  • Result before tax for the group increased to NOK 614 million from NOK 539 million year-over-year.

  • Standalone (excluding Eiendomsspar), rental income was NOK 145 million, with a pre-tax result of NOK 259 million, down from NOK 398 million due to one-off gains in 2025.

  • Group acquired and divested several properties, including a new school lease and residential sales.

Financial highlights

  • Group rental income rose by NOK 65 million year-over-year.

  • Standalone rental income increased by NOK 6 million year-over-year.

  • Group net profit for H1 2026 was NOK 550 million, up from NOK 505 million year-over-year.

  • Cash flow before tax per share (standalone) was NOK 23.38 for H1 2026.

  • Group equity per share at period end was NOK 1,125.

Outlook and guidance

  • Expectation of continued volatility in interest rates, with risk of further hikes in 2026.

  • Office market to see limited new supply and stable demand, but with regional differences.

  • Hotel market demand remains solid, but international arrivals are dampened by geopolitical events.

  • Retail and residential markets expected to see slower price growth due to higher rates and supply factors.

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Q3 20263 Dec, 2026
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