Fastighetsbolaget Emilshus (EMIL) Q3 2025 earnings summary

Executive summary

• Income rose 31% year-over-year to MSEK 643 for Jan–Sep 2025, driven by acquisitions and rent adjustments.

• Profit from property management increased 43% to MSEK 303, with per-share growth of 29%.

• Net profit for the period was MSEK 379, up from MSEK 165, with EPS of SEK 2.82 (1.26).

• Property value reached MSEK 11,852, up from MSEK 8,464, with 226 properties and 1,155 ksqm leasable area.

• Economic occupancy rate remained high at 95%.

Financial highlights

• Operating cash flow increased 48% to MSEK 278.

• Net investments totaled MSEK 2,709, mainly in property transactions.

• Unrealized changes in value of investment properties contributed MSEK 197 to earnings.

• Interest-coverage ratio improved to 2.6 (2.3), and loan-to-value ratio was 53% (51%).

• Equity/assets ratio stood at 41%.

Outlook and guidance

• 2025 profit from property management forecast raised to MSEK 410 from MSEK 400.

• Earnings capacity per ordinary share increased to SEK 3.17, reflecting acquisition-driven growth and cost control.