Wallenstam (WALL) Q1 2026 earnings summary

Executive summary

• Strong demand for residential properties and stable financial position despite external uncertainties.

• Completed reorganization with a new Investments business area to enhance focus on acquisitions, divestments, and new construction.

• All rent negotiations for residential holdings completed, resulting in an average rent increase of just over 3%.

• High occupancy rates: 100% for residential and 94% for commercial properties.

Financial highlights

• Rental income was SEK 769 million, down slightly from SEK 772 million year-over-year, mainly due to a non-recurring payment in the prior year.

• Income from property management reached SEK 292 million (SEK 314 million last year).

• Profit after tax was SEK 442 million, compared to SEK 573 million in the same quarter last year.

• Net asset value per share increased to SEK 62.90 from SEK 62.10 at year-end 2025.

• Investment in new construction and reconstruction totaled SEK 684 million, up from SEK 524 million.

• Changes in value of investment properties amounted to SEK 30 million (SEK 123 million last year).

• Changes in value of financial instruments were SEK 197 million (SEK 100 million last year).

Outlook and guidance

• Business plan 2030 targets net asset value of SEK 80 per share and equity/assets ratio of at least 40%.

• Continued focus on value-creating investments, efficient management, and profitable transactions in growth regions.

• External environment remains unpredictable, requiring flexibility and a long-term approach.