NP3 Fastigheter (NP3) Q4 2025 earnings summary

Executive summary

• Rental income rose 14% year-over-year to MSEK 2,274, and profit from property management increased 26% to MSEK 1,104.

• Net profit after tax increased 41% to MSEK 1,287, equivalent to SEK 19.12 per common share.

• The board proposes a 23% higher dividend of SEK 6.40 per common share, totaling MSEK 506, and maintains SEK 2.00 per preference share.

• The property portfolio expanded to 633 properties, with a market value of MSEK 26,087.

• Continued execution of growth strategy with significant property acquisitions, investments, and positive net letting of MSEK +52.

Financial highlights

• Rental income: MSEK 2,274 (+14% YoY); net operating income: MSEK 1,725 (+15% YoY); surplus ratio: 76%.

• Profit from property management: MSEK 1,104 (+26% YoY); per share: SEK 16.33 (+20% YoY).

• Net profit after tax: MSEK 1,287 (+41% YoY); per share: SEK 19.12 (+35% YoY).

• Net letting: MSEK +52 (+30).

• Property value: MSEK 26,087 (23,384).

Outlook and guidance

• 2026 profit from property management forecasted at MSEK 1,180, a 7% increase over 2025.

• Target of 12% annual growth in profit from property management per share remains.

• Continued focus on investments and growth in the property portfolio.

• No dramatic changes expected in the market, but management remains cautious due to global uncertainties.