Intea Fastigheter (INTEA) Q3 2026 earnings summary

Executive summary

• Q3 rental income rose 18.1% to SEK 463m; profit from property management increased 18.8% to SEK 287m, and net income reached SEK 617m.

• Jan–Sep rental income rose 24.1% to SEK 1,376m; profit from property management increased 28.2% to SEK 829m, and net income reached SEK 1,294m.

• Property value reached SEK 30.3bn; long-term EPRA NRV per A/B share was SEK 58.07, up 16.2%.

Financial highlights

• Q3 NOI was SEK 397m vs SEK 341m; like-for-like NOI growth was 2.9%.

• Q3 profit before tax was SEK 783m vs SEK 517m; property value gains were SEK 147m, including SEK 91m from project properties, and derivative changes added SEK 349m.

• Jan–Sep operating surplus was SEK 1,152m, up 22.3%; surplus margin was 83.7% vs 84.9%.

• Jan–Sep A/B EPS was SEK 5.40 vs SEK 3.17; adjusted EPRA EPS was SEK 3.07 vs SEK 2.27.

Outlook and guidance

• October 1 earning capacity: rental income SEK 1,837m, NOI SEK 1,551m and profit from property management SEK 1,113m; attributable A/B earnings were SEK 947m, or SEK 4.42 per share.

• Project portfolio totals SEK 12.1bn in estimated investment, with SEK 9.7bn remaining; projected rental value is SEK 878m across 185,600 sqm.

• Long-term NAV growth target is above 12%; interest coverage target is above 2.0x, and LTV target range is 50–55%, not to exceed 60%.

• Project estimates depend on scope, costs, schedules, permits, leasing and market rents, and are not forecasts.