Logistea (LOGI) Kvartalet Live 2026 summary

Strategic focus and portfolio overview

• Emphasis on long-term cash flow and growth in the Nordics, with a property value of ~17.6 BSEK and 170 properties.

• Economic occupancy rate stands at 97%, with a net initial yield of 6.8% and average lease duration of 8.8 years.

• Portfolio is diversified across Sweden, Norway, Denmark, Finland, and other European countries, with 94% exposure in the Nordics.

• Assets include business-critical logistics and light industrial properties, with high alternative use potential.

• Strong tenant base diversified by industry and geography, supporting stable rental income.

Financial performance and growth

• H1 2026 income rose 22% to 622 MSEK, with NOI up 23% and profit from property management up 27%.

• PFPM per share increased 20% year-on-year, reaching 0.61 SEK.

• Cash balance at period end was 517 MSEK, supporting ongoing investments.

• Rental value and NOI have shown consistent growth, with a 13% CAGR in rental value and 19% YOY growth in PFPM per share.

• Operating margin remains high at 91.1%, with adjusted margin at 96.3%.

Acquisitions, developments, and project pipeline

• 2026 YTD acquisitions totaled 1.7 BSEK at an average yield of 7.3%, with major deals in Finland and Sweden.

• Recent transactions include fully leased properties in Helsinki-Vantaa, Turku, and Tampere & Oulu, with WAULTs ranging from 3 to 8 years.

• Ongoing development at Lockryd Industrial Park, with 732,000 sqm land and 470,000 sqm building rights, targeting data center tenants.

• Completed projects include Intersport’s central warehouse and NKT’s testing facility, both with long-term triple-net leases and high yields.

• Expansion strategy includes single asset and portfolio acquisitions, capex investments, and greenfield development.