Wallenstam (WALL) Q2 2026 earnings summary

Executive summary

• Financial position remains strong with stable results and key ratios; economic occupancy rate at 97% and 91% of commercial tenants renewed contracts.

• New organizational structure implemented, with focus on value creation and project development in growth regions.

• Sale of all wind power assets to Locus Energy completed after period end, marking a strategic shift.

Financial highlights

• Net profit after tax for Jan–Jun 2026 was 652 Mkr (557), or 1.0 kr per share (0.9), year-over-year.

• Rental income for Jan–Jun 2026 was 1,558 Mkr (1,561); Q2 rental income was 789 Mkr (790).

• Property management income for Jan–Jun 2026 was 631 Mkr (658); Q2 was 338 Mkr (344).

• Value change in investment properties was 405 Mkr (337) for the half-year, 376 Mkr (214) in Q2.

• Value change in financial instruments was -217 Mkr (-435) for the half-year, -413 Mkr (-534) in Q2.

• Substantial investments in new and redevelopment of properties: 1,388 Mkr (1,052) year-over-year.

• Net asset value per share at 63.10 kr (62.10 at year-end 2025).

Outlook and guidance

• Business plan targets net asset value of 80 kr per share by 2030, with a minimum equity ratio of 40%.

• Continued focus on productive, cost-efficient operations and value-creating investments in Stockholm, Gothenburg, and Uppsala.