Logistea (LOGI) Q4 2025 earnings summary

Executive summary

• Portfolio expanded to 155 properties valued at SEK 15.7 billion, with economic occupancy at 96.9% and average lease term of 9.4 years, ensuring stable cash flows.

• Income rose 52% year-over-year to SEK 1,083 million, with net operating income up 62% to SEK 976 million, driven by acquisitions and project completions.

• Profit from property management increased 142% to SEK 511 million, and profit before tax more than doubled to SEK 1,030 million, supported by property value gains.

• Eleven properties were acquired and two major development projects completed, expanding presence in Sweden, Norway, and Finland.

• Net asset value per share increased to SEK 16.7, and the Board proposes a dividend of SEK 0.20 per share for 2025.

Financial highlights

• Rental income increased 52% year-over-year to SEK 1,083 million; net operating income up 62% to SEK 976 million.

• Profit from property management rose 142% to SEK 511 million; profit after tax reached SEK 781 million.

• Cash flow from operating activities grew 58% year-over-year to SEK 465 million.

• Q4 revenue was SEK 285 million, up from SEK 247 million year-over-year; NOI for the quarter was SEK 251 million.

• EPRA NRV per share increased to SEK 16.7.

Outlook and guidance

• Well positioned for 2026 with a SEK 15.7 billion portfolio, stable cash flows, and a low loan-to-value ratio.

• Strong start to 2026 with new property deals and leases, expected to positively impact net letting by SEK 10 million.

• Board targets at least 15% annual growth in profit from property management and net asset value per share over five years.

• Board proposed a dividend of SEK 0.20 per share for 2025.