Annehem Fastigheter (ANNE) Q3 2025 earnings summary

Executive summary

• Income from property management, excluding exchange rate effects, per share rose 31.2% year-over-year in Q3, driven by acquisitions, new leases, and lower interest expenses.

• Rent revenue increased 7.8% to MSEK 75.3 in Q3 and 9.2% to MSEK 225.5 for the nine-month period.

• Net operating income grew 7.7% in Q3 and 4.8% for the nine months, reflecting operational efficiency.

• Net income for Q3 was MSEK -19.3, an improvement from MSEK -22.6 last year; nine-month net income was MSEK -6.0, up from MSEK -18.2.

• Property value at period-end was MSEK 5,064.7, up 7.8% year-over-year.

Financial highlights

• Total revenue in Q3 increased 6.4% to MSEK 85.4; for the nine months, up 5.7% to MSEK 258.9.

• Income from property management in Q3 was MSEK 31.0, up 31.3% year-over-year; for the nine months, MSEK 83.7, up 20%.

• Surplus ratio for Q3 was 82.1%; economic occupancy rate was 90.1%.

• Investments in existing properties totaled MSEK 36.8 for the nine months.

• Unrealised changes in property value were MSEK -73.8 for the nine months.

Outlook and guidance

• Management expects improved economic conditions in the coming six months, with potential positive effects on the office market.

• The company remains focused on acquisitions, investments, and long-term value creation, supported by strong fundamentals.