John Mattson (JOMA) Q2 2026 earnings summary

Executive summary

• Growth strategy delivered strong results, with all value drivers contributing to performance.

• Income from property management per share increased by 30.3% year-over-year, or 8.2% adjusted for a one-time dividend.

• Net reinstatement value per share rose 9.2% year-over-year to SEK 106.92, adjusted for a SEK 0.25 dividend.

• Strategic expansion into Uppsala with the acquisition of 318 apartments, raising property value to SEK 15,598.8 million.

• Share buy-back program of up to SEK 100 million initiated.

Financial highlights

• Rental revenue for Q2 was SEK 177.3 million (+4.1% YoY); net operating income SEK 135.3 million (+4.0% YoY).

• Income from property management in Q2 was SEK 88.1 million (+44% YoY), or SEK 1.18 per share.

• Profit for the period was SEK 163.0 million in Q2 and SEK 315.3 million for H1, with earnings per share at SEK 4.21.

• Investments totaled SEK 924.9 million in H1, of which SEK 791.1 million were acquisitions.

• Surplus ratio for Jan–Jun was 72.8%; economic occupancy rate at period end was 97.6%.

Outlook and guidance

• Execution of the growth plan continues, with ongoing development projects and acquisitions.

• Production volumes for new developments are set to increase, with a long-term target of starting 250 apartments per year.

• Upgrade run rate of 246 apartments per year maintained.

• Continued focus on energy efficiency, with a 6.3% reduction in energy consumption YoY and a 10% total savings target.