John Mattson (JOMA) Stockholm Corporate Finance Conference 2025 summary

Strategic direction and growth

• Focus on optimizing and upgrading existing properties, with energy efficiency and apartment upgrades prioritized; 1,500 units identified for upgrades and 283-unit project underway in Rotebro.

• Plans to reduce purchased energy by 45% and upgrade about 200 apartments annually.

• Gradual return to densification projects from 2026, aiming for 250 new units per year and scaling up project portfolio.

• Ongoing evaluation of property portfolio for selective divestments and acquisitions, with a shift toward net acquisitions.

Financial performance and targets

• Achieved 23% growth in management result per share and 10.2% growth in net asset value per share, surpassing targets of 10% and 7% respectively for Q2 2025.

• Revenue increased by 5%, property costs decreased by 1%, and operating surplus rose by 8%.

• Stable yield requirements and improved surplus ratio, with a 0.5% value increase for the quarter.

Portfolio and market positioning

• Portfolio consists of 4,325 apartments across four management areas, with 82% of lettable area as residential.

• Economic occupancy rate for residential units is 99.6%.

• Payment willingness in the market significantly exceeds average rents, with a 10-year average queue time for new tenants.