Logistea (LOGI) Q2 2026 earnings summary

Executive summary

• Achieved strong H1 2026 growth with income up 22% to SEK 622 million, net operating income up 23% to SEK 559 million, and profit from property management up 27% to SEK 313 million, driven by Nordic acquisitions and high occupancy at 97%.

• Portfolio value reached SEK 17.6 billion with 170 properties and a lettable area of 1,695 Tsqm; weighted average lease duration was 8.8 years.

• Record transaction volume of SEK 1.7 billion in acquisitions at an average yield of 7.3%, with major deals in Sweden and Finland.

• All class A shares converted to class B, simplifying share structure and governance.

• Diversified tenant base with 94% of rental income from the Nordics.

Financial highlights

• Q2 2026 income increased to SEK 321 million, up 22% year-over-year; net operating income for the quarter was SEK 293 million.

• Profit from property management per share rose 20% to SEK 0.61 for H1 and 19% to SEK 0.32 for Q2.

• EPRA NRV per share increased to SEK 17.8, up 11% year-over-year.

• Cash flow from operating activities before working capital changes increased 33% to SEK 281 million for H1.

• Operating margin stable at 91.1%, adjusted margin at 96.3%.

Outlook and guidance

• Maintains focus on Nordic markets for future acquisitions, with SEK 500 million in cash available for expansion.

• Expects continued growth in income from property management per share through acquisitions and portfolio investments.

• No significant lease terminations expected; SEK 18–22 million in new lettings to be reflected in H2 as tenants move in.

• Ongoing ESG commitment and focus on profitable, long-term value creation.