Annehem Fastigheter (ANNE) Q2 2026 earnings summary

Executive summary

• Achieved stable development in H1 2026 with increased rent revenue, net operating income, and income from property management per share year-over-year.

• Strengthened financial position through refinancing 57% of the loan portfolio, extending capital commitment and improving loan terms.

• Continued positive net letting and active share repurchase program, with 5.2% of shares repurchased by June 30, 2026.

Financial highlights

• Rent revenue for H1 2026 rose 1.9% to MSEK 153.1 (150.2); total revenue up 2.5% to MSEK 177.9 (173.5).

• Net operating income increased 2.3% to MSEK 122.9 (120.1); income from property management excl. currency effects up 7.2% to MSEK 57.8 (54.0).

• Net income for H1 2026 was MSEK 28.0 (13.3); EPS SEK 0.33 (0.15).

• Unrealised changes in property values were MSEK -14.8 (-12.6).

• EPRA NRV per share increased to SEK 32.44 (31.47).

Outlook and guidance

• Optimism for H2 2026, with expectations of continued recovery in the Swedish economy and property market.

• Focus remains on leasing, tenant-focused management, and sustainable growth.