Atrium Ljungberg (ATRLJ) Q1 2026 earnings summary

Executive summary

• Rental income rose 3.3% year-over-year to SEK 759 million, supported by completed projects and coworking expansion.

• Net operating income declined, impacted by higher heating costs, weather, and coworking integration.

• Net profit for the period was SEK 202 million, down from SEK 453 million, mainly due to unrealised property value declines.

• Project returns contributed SEK 76 million, with residential sales in Brf Kulturarvet improving from 45% to 71% sold.

• Acquisition of the remaining 50% stake in coworking company A house completed in February 2026.

Financial highlights

• Rental income: SEK 759 million (+3.3% year-over-year).

• Net operating income: SEK 514 million (-0.9% year-over-year); like-for-like NOI fell 3.5% to SEK 316 million.

• Profit from property management: SEK 514 million, down 0.9% year-over-year.

• Net profit: SEK 202 million (SEK 0.32/share), down from SEK 453 million.

• Unrealised property value change: SEK -215 million, offset by SEK 50 million in project returns.

Outlook and guidance

• Ongoing projects total SEK 8.4 billion, with SEK 4.4 billion remaining to be invested.

• The company remains confident in its strong financial position and diversified portfolio.

• No significant changes to risk assessment or forecasts; well-equipped to handle market volatility.

• Market uncertainty persists, but positive trends in retail and residential segments are expected to continue.