Klarabo Sverige Ab Class B · OMXSTO:KLARA_B
Klarabo Sverige Ab Class B — Q2 2025 Earnings Presentation
17 slides from Klarabo Sverige Ab Class B's earnings presentation, Jul 17, 2025
Slide 1: Q2 report
Q2 report 17 July 2025 1
Slide 2: Today’s presenters
Today’s presenters Andreas Morfiadakis Per Holmqvist CEO and co-founder CFO 2
Slide 3: Highlights Q2
Highlights Q2 3
Slide 4: Q2 at a glance
Q2 at a glance • Strong second quarter with continued solid development in both revenue and income • 5 percent initial yield from the acquisition in Helsingborg • 42 apartments renovated during the quarter, bringing the total to 100 apartments in the first six months of the year, an increase of 32 p
Slide 5: Continued organic growth
Continued organic growth • Financial development Q2 • Revenue increased 15%, mainly driven by the consolidation of the property portfolio in Helsingborg and general rent increase +15% Revenue SEK 180 million • Net operating income increased 13% +13% Net operating income SEK 110 million • Income from
Slide 6: Strong income growth and stable underlying profitability
Strong income growth and stable underlying profitability Revenue • Q2 revenue increased 15 percent YoY 2025 2024 2025 2024 2024 • 4 percent increase in revenue, on a like-for-like basis, attributable SEK m 3 months Apr-Jun 3 months Apr-Jun 6 months Jan-Jun 6 months Jan-Jun 12 months Jan-Dec mostly t
Slide 7: Continued increase in property value
Continued increase in property value SEK m 30/06/2025 30/06/2024 31/12/2024 • Property value SEK 10.4 billion at 4.9 percent valuation exit yield Intangible assets 0.2 0.3 0.2 Investment properties 10,411.2 9,071.0 9,243.9 • Cash and cash equivalents amounted to SEK 116 million with SEK Property, pl
Slide 8: Financing
Financing Maturity structure – Fixed interest 2025-06-30 Maturity structure – Fixed credit 2025-06-30 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 >=2 yr <3 yr >=3 yr <4 yr >=4 yr <5 yr >5 yr • Averag
Slide 9: Attractive apartments at reasonable rents
Attractive apartments at reasonable rents 9
Slide 10: Fully occupied property portfolio
Fully occupied property portfolio 7,431 97.2% SEK 1,191 Real occupancy rate Average rent per sq.m and year, Apartments under management unrenovated portfolio SEK 18,706 89% 555,000 Market value per sq. m. Residential Sq.m lettable area Yearly rental Total market value value 13% 1,226 27% 2,798 2,295
Slide 11: Rental value trend continues with stable occupancy rate
Rental value trend continues with stable occupancy rate • About 4,200 apartments, or 60% of total portfolio with renovation potential, excluding construction • Renovations only after tenants have moved out at their own initiative • Renovations increase property values and strengthen cash flow • Rent
Slide 12: Value potential in the existing portfolio
Value potential in the existing portfolio Contracted and potential rental income, SEK m Long-term net realizable value (NRV) incl. potential 1 000 866 736 6.4 39.3 800 32.9 600 400 200 Net increase in value Long-term NRV per per share Long-term NRV per 0 share share incl. potential 2025 Q2 Potential
Slide 13: Current trading and Summary
Current trading and Summary 13
Slide 14: Current earnings capacity
Current earnings capacity SEK m 01/07/2025 01/04/2025 01/01/2025 01/10/2024 01/07/2024 Rental revenue 735.6 730.0 656.2 637.0 642.1 Property expenses -316.0 -316.0 -283.1 -261.2 -261.1 Net oper income 419.6 414.0 373.1 375.8 381.0 Surplus ratio, % 57.0 56.7 56.9 59.0 59.3 Central administrative cost
Slide 15: Current trading – positioned for continued organic growth
Current trading – positioned for continued organic growth • High activity level in the existing portfolio,100 apartments renovated in the first six months of the year • Occupancy rate remains at a high and stable level – supported by the portfolio’s structure and geographic focus, which entails a lo
Slide 16: Q&A
Q&A 16
Slide 17: Thank you!
Thank you! 17