Tingsvalvet Fastighets (TINGS) Q1 2026 earnings summary

Executive summary

• Property value increased 33% year-over-year to SEK 3.2 billion, driven by acquisitions and higher occupancy.

• Management result for Q1 2026 rose 35.1% to SEK 19.1 million compared to Q1 2025.

• Net profit for the period was SEK 22.3 million, up from SEK 11.7 million year-over-year.

• Economic occupancy rate reached 98.8%, with ongoing expansion in regional cities.

Financial highlights

• Revenue increased 32.5% year-over-year to SEK 63.6 million.

• Operating surplus rose 29.9% to SEK 49.1 million.

• Management result per share up 44.8% to SEK 0.68 (from SEK 0.47).

• Net profit per share was SEK 0.86 (up from SEK 0.32).

• Long-term net asset value per share at SEK 51.11 (from SEK 43.30).

• Return on equity (rolling 12 months) at 12.2% (from 5.5%).

• Loan-to-value ratio increased to 60.1% (from 55.8%).

Outlook and guidance

• Access to capital identified as the most critical factor for continued growth.

• Management expresses cautious optimism for the coming year, focusing on value creation and further acquisitions in regional cities.