Trianon (TRIAN) Stockholm Corporate Finance Conference 2025 summary

Market and regional overview

• Malmö and the Öresund region have experienced over 30 years of continuous growth, with a young and expanding population and strong real estate demand.

• Malmö's population grows by 1% annually, with 47% under 35 years old; Copenhagen shows similar trends.

• The region benefits from proximity to Copenhagen and robust infrastructure, supporting real estate value.

Portfolio and financial performance

• Portfolio consists of 123 properties, 440,000 sqm rentable area, and 4,600 apartments, with a property value of SEK 12.3 billion.

• Rental income for January–June 2025 increased by 6% to SEK 399 million; operating surplus rose 3% to SEK 260 million.

• Return on equity reached 5% and profit for the period was SEK 116 million.

• Net letting amounted to SEK 7 million in H1 2025, and financing costs decreased, lowering the average interest rate by 0.5%.

Key events and transactions

• Major transaction with a principal shareholder involving the sale of office and residential properties at book value, improving key financial ratios.

• Sale of a Malmö residential property for SEK 75 million matched book and external valuations, with a direct yield of 3.6%.

• Revaluation of two large residential properties will increase annual rent by SEK 3.8 million.