Tingsvalvet Fastighets (TINGS) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 increased by 26.8% to 127 MSEK year-over-year, driven by a larger property portfolio and higher occupancy rates.

• Operating profit (förvaltningsresultat) rose 37.3% to 40.8 MSEK, with per-share profit up 48.9% to 1.50 SEK.

• Economic occupancy reached 98.9%, with continued focus on acquisitions in regional cities.

• Property value increased 19.9% to 3,281 MSEK compared to the previous year.

Financial highlights

• H1 2026 revenue: 127 MSEK (100.2 MSEK in H1 2025), operating profit: 40.8 MSEK (29.7 MSEK), net profit: 36.4 MSEK (62.4 MSEK, impacted by lower property revaluations).

• Long-term net asset value per share: 51.22 SEK (46.33 SEK), equity per share: 45.16 SEK (41.65 SEK).

• Direct yield on properties: 6.07% (4.62%), surplus ratio: 79.1% (81.1%).

• Loan-to-value ratio: 60.6% (57.7%), average loan interest: 4.85% (5.03%).

Outlook and guidance

• Continued focus on cash flow and stable, long-term tenants.

• Ongoing portfolio streamlining and further acquisitions in regional cities planned for the autumn.