Intea Fastigheter (INTEA) Q2 2026 earnings summary

Executive summary

• Rental income for January–June 2026 rose 28.1% year-over-year to SEK 913 million, with property management income per share up 27%.

• Profit from property management increased 33.8% to SEK 542 million, and profit after tax reached SEK 677 million.

• Major acquisitions and investments included SEK 442 million for a Stockholm police station and SEK 515 million for Viskan prison expansion.

• Divested all hydroelectric power plants for SEK 68 million, removing the self-sufficiency electricity target.

• Issued SEK 1.65 billion in green bonds and repurchased SEK 1.1 billion in bonds after Q2.

Financial highlights

• Rental income reached SEK 457 million in Q2 2026, up from SEK 361 million in Q2 2025; NOI increased to SEK 385 million.

• Surplus ratio was 82.7% (83.8% last year), and economic occupancy rate was 98.9%.

• Property value at period-end was SEK 29.7 billion, up from SEK 25.3 billion a year earlier.

• Loan-to-value ratio stood at 47.6%, and interest coverage ratio improved to 4.2x.

• EPRA NRV per share increased to SEK 56.14, up 16.2% year-over-year.

Outlook and guidance

• Ongoing projects valued at nearly SEK 13 billion, with SEK 10.5 billion left to invest over five years.

• Estimated additional rental income from ongoing projects of approximately 51%.

• Strong demand for new and modernized premises among tenants; transaction market activity is increasing.