Klarabo Sverige Ab Class B · OMXSTO:KLARA_B
Klarabo Sverige Ab Class B — Q3 2025 Earnings Presentation
14 slides from Klarabo Sverige Ab Class B's earnings presentation, Oct 23, 2025
Slide 1: Welcome to the presentation - Q3 interim report
Welcome to the presentation - Q3 interim report Jul-Sep 2025 Andreas Morfiadakis, CEO Magnus Nordholm, CFO
Slide 2: Key highlights
Key highlights
Slide 3: Q3 at a glance
Q3 at a glance Strong quarter Solid revenue and income growth Rental value residential +5,7% (like-for-like) LTM Exceeding the general rent increase of 4.9% 39 apartments refurbished in Q3 Expected yearly rental value increase of SEK 1.4m SEK 1 bn refinancing ~20% of portfolio, lower margin & longer
Slide 4: Strong income and profit growth YTD
Revenue Revenue Q2 revenue Revenue +14% +15% YTDYoY Like-for-like Net +X%, 47m, effect of +SEK mainlyorrent +10%, Strong income and increases and renovations from acquisitions and divestments profit growth YTD Costs Costs Costs+14% Costs +17%YTD (mainly due (Helsingborg to and 2025 3 months
Slide 5: Continued increase in property value
Financial position Continued increase Property value of 10.5 bn at in property value 4.9% yield SEK m 30/09/2025 30/09/2024 31/12/2024 Property value +SEK 1.479m Intangible assets 0.2 0.2 0.2 Driven by value-creating Investment properties 10,533.8 9,055.1 9,243.9 investments and the acquisition
Slide 6: Financing
Financing 45% 45% 40% 40% 35% 35% 30% 30% 25% 25% 20% 20% 15% 15% 10% 10% 5% 5% 0% 0% <3 months >=3m <3 yr >=3 yr <5 yr >=5 yr <7 yr >=7 yr <1 yr >=1 yr >=2 yr >=3 yr >=4 yr >5 yr <2 yr <3 yr <4 yr <5 yr Average interest rate maturity of 3.2 years Average credit maturity of 2.5 years 60% of lo
Slide 7: Attractive apartments at reasonable rents
Attractive apartments at reasonable rents
Slide 8: Portfolio summary
7,431 Apartments under Portfolio summary management 96.8% Real occupancy rate Yearly rental Total market value Value SEK 1,192 Avg. rent per sqm/year 1 240 SEK (unrenovated portfolio) 12% 27% 2 829 SEK 2 319 SEK SEK 18,901 25% Market value/sqm 36% 4 125 SEK 89% Residential share Central North South
Slide 9: Strong focus on strategic clusters
Strong focus on strategic clusters These four locations make up half of the portfolio Helsingborg Trelleborg Presence since: 2019 Presence since: 2018 Number of apartments: 831 Number of apartments: 936 Current refurbishment potential: 59% Current refurbishment potential: 42% Real occupancy rate: 10
Slide 10: Continued value growth
SEK 43m Accumulated rental increase Continued value growth (annual basis) from refurbishments / 4.0% Average historical weighted yield Percentage points 140,0 139.3 = 130,0 SEK ~43 mkr SEK 1,089m ~43m* Gross value increase from refurbishments 120,0 121.3 - 110,0 KlaraBo General SEK 546m market Inves
Slide 11: Value potential in existing portfolio
Value potential in existing portfolio SEK 3000m 45 40 SEK 2500m SEK SEK SEK 33.8 SEK 1.5bn 40.7 2.6bn 35 SEK 2000m 30 25 SEK 1500m 4.7% 20 SEK 1000m 15 SEK 1.1bn 153.5 m shares 10 SEK 500m SEK 121m SEK 5 6.9 SEK 0m 0 Total rental Capitalised by Gross value Investment cost NAV Divided by number NAV/s
Slide 12: Current trading and Summary
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Slide 13: Current earnings capacity
Rental revenue –SEK 0.2m Current earnings capacity – lower occupancy and expired commercial leases (–3.8m) partly offset by new Östersund lease SEK m 01/10/2025 01/07/2025 01/04/2025 01/01/2025 01/10/2024 (+1.4m) and rent increases from Rental revenue 735.4 735.6 730.0 656.2 637.0 renovations (+2.
Slide 14: Positioned for continued organic growth
Positioned for continued organic growth High activity – 39 apartments refurbished during Q3 and 139 YTD with an average return of ~8% Stable occupancy – strong portfolio structure and geographic focus keeps vacancy risk low Resilient model – delivering despite turbulent macro environment Ope