Fastighetsbolaget Emilshus (EMIL) Q1 2026 earnings summary

Executive summary

• Rental income rose 34% year-over-year to MSEK 271, driven by acquisitions and stable portfolio performance.

• Profit from property management increased 26% to MSEK 116, with per-share growth of 11%.

• Net profit for the period reached MSEK 172, up from MSEK 133, with EPS at SEK 1.24.

• Operating cash flow grew 24% to MSEK 106.

• Property value increased 30% over twelve months to MSEK 13,064.

Financial highlights

• Net operating income rose 28% to MSEK 203, with a surplus ratio of 75%.

• Net financial items were MSEK -75, with an average lending rate of 4.1%.

• Loan-to-value ratio remained at 55%; equity/assets ratio at 40%.

• Interest-coverage ratio was 2.5x for the quarter and 2.6x LTM.

• NAV per ordinary share increased to SEK 37.33.

Outlook and guidance

• 2026 profit from property management forecast raised to MSEK 490, up from MSEK 480.

• Management expects continued growth through acquisitions and stable cash flows.