Intea Fastigheter (INTEA) Q2 2026 earnings summary

Executive summary

• Rental income increased by 28.1% year-over-year, reaching SEK 913 million, driven by completed projects and acquisitions.

• Profit from property management (operating profit) rose 33.8% year-over-year to SEK 542 million.

• Net profit after tax reached SEK 677 million, nearly doubling from SEK 348 million last year.

• Major acquisitions included a police station in Stockholm (SEK 442m), expansion of Viskan prison (SEK 260m), and new lease agreements with public sector tenants.

• Divested all hydroelectric power plants for SEK 68m.

Financial highlights

• Rental income reached SEK 913 million in Q2 2026, up from SEK 361 million in Q2 2025.

• NOI increased to SEK 385 million from SEK 307 million year-over-year.

• Profit from property management rose to SEK 542 million from SEK 207 million year-over-year.

• Surplus ratio at 82.7%, slightly down from 83.8% year-over-year.

• Property value increased to SEK 29.7bn from SEK 25.3bn year-over-year.

Outlook and guidance

• Project portfolio of SEK 12.9 billion with SEK 10.5 billion remaining to invest, supporting long-term growth.

• Demand for new and modernized public sector premises remains strong among tenants.

• Financial position is robust, with high interest coverage and strong liquidity.

• More activity anticipated in the transaction market.