Logistri (LOGIST) Q2 2026 earnings summary

Executive summary

• Revenues for January–June 2026 rose 24.9% year-over-year to SEK 106.8 million, driven by index increases and property acquisitions.

• Net operating income increased 24.0% to SEK 98.2 million, with a surplus ratio of 92.0%.

• Profit from property management grew 7.6% to SEK 46.1 million, while profit for the period rose 8.1% to SEK 75.4 million.

• The economic occupancy rate reached 99.8%, and the property portfolio expanded to 39 investment properties.

• The Ludvika logistics center project is over 50% complete and expected to significantly boost future earnings capacity.

Financial highlights

• Revenue: SEK 106.8 million (up 24.9% year-over-year).

• Net operating income: SEK 98.2 million (up 24.0%).

• Profit from property management: SEK 46.1 million (up 7.6%).

• Profit for the period: SEK 75.4 million (up 8.1%).

• Earnings per share: SEK 0.78 (down from SEK 0.95 due to share dilution).

• Cash flow from operating activities: SEK 122.3 million.

Outlook and guidance

• Future earnings capacity is projected to rise from SEK 1.02 to SEK 1.58 per share upon completion of the Ludvika project.

• The company is preparing for a Nasdaq Main Market listing in late 2026, aiming to broaden its investor base and lower capital costs.

• Financial targets include at least 15% annual growth in profit from property management per share and a return on equity of at least 15% over five years.