NP3 Fastigheter (NP3) Q3 2025 earnings summary

Executive summary

• Achieved strong financial growth in Q3 2025, with rental income up 15% to 1,686 MSEK and management result up 32% to 832 MSEK year-over-year.

• Management result per common share increased 25% to 12.37 SEK, and period profit after tax rose to 816 MSEK (12.04 SEK/share).

• Maintained a diversified tenant base and stable occupancy rate at 92%, supporting resilient cash flows.

• Continued focus on sustainability, with significant progress in energy efficiency and green portfolio expansion.

• Upgraded full-year 2025 management result forecast to 1,100 MSEK.

Financial highlights

• Rental income rose 15% to 1,686 MSEK for January–September 2025; Q3 rental income increased 17% to 572 MSEK.

• Surplus ratio improved to 77% for the period and 82% for the quarter.

• Property value reached 24,863 MSEK at period end.

• Net investments January–September totaled 1,323 MSEK, with 1,239 MSEK in property acquisitions.

• Value changes in properties amounted to 258 MSEK for the period.

Outlook and guidance

• Upgraded management result forecast for 2025 to 1,100 MSEK, slightly higher than previous guidance.

• Ongoing positive net leasing, with +17 MSEK in Q3 and +30 MSEK for the period.

• Continued stable demand and no major changes in market conditions or valuation yields.