Logistri (LOGIST) Q3 2025 earnings summary

Executive summary

• Rental income rose 33.9% year-over-year to SEK 132.3 million, driven by index increases and property acquisitions.

• Net operating income increased 32.3% to SEK 122.5 million, with a surplus ratio of 92.6%.

• Profit from property management decreased 2.6% to SEK 65.7 million due to higher financial expenses from new bonds and loans.

• Profit for the period surged 47.9% to SEK 105.0 million, or SEK 1.43 per share.

• Portfolio expanded to 37 properties, with nine new acquisitions and high occupancy rates maintained.

Financial highlights

• Q3 rental income up 40.9% to SEK 46.8 million; net operating income up 40.0% to SEK 43.3 million.

• Property value increased to SEK 2,733 million from SEK 1,744 million year-over-year.

• Cash flow from operating activities was SEK 44.8 million; cash and cash equivalents at period end were SEK 67.3 million.

• Unrealized property value changes contributed SEK 77.8 million.

Outlook and guidance

• Strategic focus on mission-critical properties and long-term leases to ensure stable returns.

• Capital injection of SEK 350 million from a directed share issue to fund future investments, including a major logistics project in Ludvika.

• Ambition to continue profitable growth and reach operational and financial targets ahead of plan.