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Victoria Eiendom (VIEI) investor relations material
Victoria Eiendom Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
- Sterk resultatvekst for konsernet i Q1 2026, med solid likviditet og svært lav ledighet.VIEI
Q1 2026 - NAV per share rose 16% in 2025, with strong results and all sustainability goals achieved.VIEI
AGM 2026 presentation - Record profit growth, high dividends, and strong market demand defined 2025.VIEI
Q4 2025 - Sterk inntektsvekst, lav ledighet og solide investeringer preger første halvår 2024.VIEI
Q2 2024 - Result before tax jumped to NOK 803 million, with a 15% rise in value-adjusted equity per share.VIEI
Q4 2024 - Sterk inntektsvekst, men lavere resultat før skatt og økt usikkerhet i markedet.VIEI
Q3 2024 - Sterk resultatvekst og solide nøkkeltall, men økt usikkerhet preger markedsutsiktene.VIEI
Q1 2025 - Resultat og leieinntekter økte kraftig, med solid likviditet og lav porteføljeledighet.VIEI
Q2 2025 - Sterk resultatvekst og store aksjegevinster gir grunnlag for ekstraordinært utbytte.VIEI
Q3 2025
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