Fast Ejendom Danmark (FED) Q2 2026 earnings summary

Executive summary

• Rental income increased to DKK 56.2 million in H1 2026, up 4% year-over-year, driven by high occupancy and positive lease renegotiations.

• Operating profit before value adjustments rose to DKK 36.4 million from DKK 34.2 million year-over-year.

• Net financial expenses decreased significantly to DKK -14.2 million, reflecting lower debt and interest rates.

• Profit before tax from continuing operations was DKK 27.3 million, down from DKK 32.3 million due to lower value adjustments.

• The company maintains a stable occupancy rate of 92.3% and continues its strategy of property divestments.

Financial highlights

• Rental income: DKK 56.2 million (H1 2025: DKK 54.0 million).

• Operating profit before value adjustments: DKK 36.4 million (H1 2025: DKK 34.2 million).

• Net financial expenses: DKK -14.2 million (H1 2025: DKK -18.1 million).

• Profit before tax: DKK 27.3 million (H1 2025: DKK 32.3 million).

• Cash flow from operations: DKK 16.4 million (H1 2025: DKK 16.6 million).

Outlook and guidance

• Guidance for full-year 2026 operating profit before value adjustments is maintained at DKK 69 million.

• Expected year-end occupancy rate remains at 90–92%.

• Cash flow from operations for 2026 is expected around DKK 40 million.