Annehem Fastigheter (ANNE) Q1 2026 earnings summary

Executive summary

• Profit from property management per share grew 20% year-over-year for Q1 2026, with income from property management (excluding currency effects) at SEK 26.9 million, up 16.9% year-over-year.

• Rental income for Q1 2026 reached SEK 77.3 million, up 6.4% year-over-year, and total revenue was SEK 89.1 million, up 8.3%.

• Net operating income was SEK 58.9 million, up 7.5% year-over-year; net income for the period was SEK 31.3 million, up from SEK 11.9 million.

• Positive net leasing of SEK 2.9 million, with new and extended lease agreements in key properties.

• Share repurchases totaled 5.1% of all shares as of March 31, 2026, with a completed program (3%) and a new program initiated for an additional 3%.

Financial highlights

• Rental income for Q1 2026 was SEK 77.3 million, up 6.4% year-over-year.

• Property management income (excluding currency effects) was SEK 26.9 million, up 16.9% year-over-year; per share, SEK 0.31 (+20%).

• Net operating income was SEK 58.9 million, up 7.5% year-over-year.

• EPRA NRV per share increased to SEK 32.72, up 5.2% year-over-year.

• Economic occupancy rate was 90.9% (up from 90.0%).

Outlook and guidance

• Maintains a target net loan-to-value ratio not exceeding 55%.

• Focus remains on financial stability, low leverage, and proactive tenant engagement.

• Continued investment in new and existing properties to support profitable, sustainable growth.

• Market in Finland expected to remain challenging with weak growth and risk of increased vacancies; Sweden shows stronger growth conditions.