Fastighetsbolaget Emilshus (EMIL) Q2 2026 earnings summary

Executive summary

• Rental income rose 31% year-over-year to MSEK 545 for January–June 2026, driven by acquisitions and rent adjustments.

• Profit from property management increased 27% to MSEK 241, with per-share growth of 18%.

• Net profit for the period was MSEK 293, up from MSEK 211, corresponding to SEK 2.04 per ordinary share.

• Property value reached MSEK 13,545, up 29% year-over-year, with 260 properties and a high 95% occupancy rate.

• Operating cash flow increased 25% to MSEK 221.

Financial highlights

• Net operating income rose 28% to MSEK 423, with a surplus ratio of 78%.

• Unrealized changes in property values contributed MSEK 97 to earnings; financial instruments had a negative impact of MSEK -9.

• Interest-coverage ratio was 2.5x, and loan-to-value ratio stood at 53%.

• Equity/assets ratio was 40%, with equity per ordinary share at SEK 34.34.

Outlook and guidance

• Full-year 2026 profit from property management is forecast at MSEK 495, up from the previous estimate of MSEK 490.

• Continued focus on acquisitions and value-generating projects, with available capital supporting further growth.