Logistea Ab Class A · OMXSTO:LOGI_A
Logistea Ab Class A — Q3 2026 Earnings Presentation
24 slides from Logistea Ab Class A's earnings presentation, Oct 22, 2026
Slide 1: Interim report Q3 2026
Interim report Q3 2026 22 October 2026 External
Slide 2: Logistea in numbers Q3 2026
Logistea in numbers A leading Nordic light industrial Q3 2026 and logistics company Nasdaq Mid Cap 97.5% 3% 1% B share Economic occupancy rate 4% 9% 2% ~19.4 BSEK 8.6 years 5% Lettable area per Property value Lease duration country 13% 63% 174 18.8 SEK No. of properties NRV per share 1,397 MSEK 51.9
Slide 3: Highlights Q1-Q3 2026
Highlights Q1-Q3 2026 949 MSEK 859 MSEK 486 MSEK 0.95 SEK +19% +18% +29% +23% Income NOI PFPM PFPM per share 3.6 BSEK 23 MSEK +31 % 380 MSEK Acq. properties Net lettings PFPM per share in Cash balance end YTD 2026 earnings capacity YTD of period 3
Slide 4: Expansion timeline
Expansion timeline Property value development and net initial yield 25000.0 10.0% Q3 20269.0% Avg. Interest Future growth through: 19.4 BSEK • Single asset acquisitions 20000.0 Net initial yield 8.0% • Portfolio acquisitions Property value 7.0% • Capex investments in 6.7% existing portfolio 15000.0
Slide 5: Transactions signed in Q3 2026
Transactions signed in Q3 2026 Tampere & Oulu Stockholm Jylland Purchase price: 145 MSEK Purchase price: 950 MSEK Purchase price: 1,010 MSEK Rental value: 11.6 MSEK Rental value: 72.5 MSEK Rental value: 78.0 MSEK Lettable area: 10,469 sq.m. Lettable area: 54,000 sq.m. Lettable area: 131,000 sq.m. WA
Slide 6: 2026 YTD acquisitions 3.6 BSEK with an average yield of 7.3%
2026 YTD acquisitions 3.6 BSEK with an average yield of 7.3% Closed Q1-Q3 Closing Q4 Signed Q4 Q1 Q4 Q4 Q1 Q2 Q2 Q3 Q3 Q3 Closed Q1 Q1 Q1 Q1 Q1 Q2 Q3 Q3 Q3 Q4 Trollhättan DSV Deal Karlskrona EIG Oulu DSV Turku Vantaa Vianor Sub-total Velux Total Växjö Stockholm Country Sweden Sweden Sweden Finland S
Slide 7: Lockryd Industrial Park
Lockryd Industrial Park 732,000 474,000 150 MW sqm land area sqm building rights power from Vattenfall Milestones Mar 2026 Zoning plan gained legal force Done Option to acquire the land exercised Ongoing Purchase agreement discussions with the municipality Ongoing Discussions with potential tenants
Slide 8: Run rate earnings capacity development
Run rate earnings capacity development Change 1 Oct 1 Jan 1 Apr 1 Jul 1 Oct (1 Oct 26 22 Oct Amounts in MSEK 2025 2026 2026 2026 2026 – 2026 1.60 1.47 1 Oct 25) 1.40 1.32 1.33 Investment properties 1.18 Rental value 1,107 1,143 1,267 1,283 1,397 1,475 1.20 1.12 1.16 1.05 1.00 0.94 Vacancy -33 -36 -3
Slide 9: Capital allocation
Capital allocation Recent acquisitions vs. buybacks Reinvested cash flow widens the gap over time • Continuously evaluating the best capital allocation provided current market Increase in PFPM per share, % conditions. • To illustrate, we calculated the impact on PFPM/share over time by either 8% rep
Slide 10: Strong tenants diversified across industries and regions
Strong tenants diversified across industries and regions Tenant Industry ~93% of exposure in the Nordics diversification diversification NOI NIY WAULT Share of rental income Share of rental income Sweden 57% 6.2% 8.1 5% Other 5% Packaging 6% Food Industry Norway 23% 7.1% 9.0 9% E-commerce 52% Other
Slide 11: Long-term asset commitments reflected in contract structure
Long-term asset commitments reflected in contract structure Key figures High visibility in future rental income ~98% ~97% 7.1% 8.6 85.0% CPI-indexed Occupancy Valuation Years Contractual rent leases rate yield wault maturity profile Net letting Jan-Sep Jul-Sep Okt-Sep Jan-Dec Amounts in MSEK 2026 20
Slide 12: Financials
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Slide 13: Earnings and profit
Earnings and profit Income Net operating income Profit from property mgmt 327 SEKm 299 SEKm 173 SEKm Q3 2026, +14% vs Q3 2025 Q3 2026, +11% vs Q3 2025 Q3 2026, +33% vs Q3 2025 700 1,196 1,235 1,136 1,084 1,200 400 700 1,046 622 1,002 1,081 1,110 1,200 579 600 700 1,027 545 350 600 1,000 977 512 500
Slide 14: Access to a variety of funding sources
Access to a variety of funding sources Debt composition Capital maturity Key metrics Currency Volume, Maturity, Gross Hedge Loan-to-value 51.9% 91.7% Bank MSEK years LTV, % ratio, % Secured loan-to-value 47.6% SEK 6,880 2.3 57.4 77.1 8.1% Bonds NOK 2,139 2.2 52.3 44.5 Equity ratio 41.3% 0.2% Other D
Slide 15: Debt portfolio update
Debt portfolio update Fourth quarter 2025 vs. third quarter 2026 comparison Bank loan margin 1.7% → 1.5% 31.12.2025 30.09.2026 31 Dec 2025 vs 30 Sep 2026 Loan Avg. Loan Avg. Debt amount maturity amount maturity portfolio (SEKm) Margin % All in % Amort % yrs (SEKm) Margin % All in % Amort % yrs Bank
Slide 16: Financial targets and risk limitations
Financial targets and risk limitations >15% avg. growth in PFPM/share >15% avg. growth in NRV/share over five-year period over five-year period 1.4 75% 21.0 75% 58% 54% 19.0 1.2 41% 60% Outcome 60% Outcome 17.0 21% 14% 1.0 45% 45% 32% 33% 15.0 0.8 18% 24% 21% 30% 30% 18% 13.0 13% 16% 11% 14% 14% 11%
Slide 17: Outlook
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Slide 18: We are well positioned to continue executing on our strategy
We are well positioned to continue executing on our strategy Record period with 3.6 bn transacted and net letting of 23 million SEK Reached 20 bn SEK in property value of which 1 bn SEK in Finland and 2 bn SEK in Denmark Entered the Stockholm market with fully leased cross-docked terminal in S
Slide 19: Q&A
Q&A
Slide 20: Appendix
Appendix
Slide 21: Consolidated income statement
Consolidated income statement MSEK Jan-Sept 2026 Jan-Sept 2025 Comment 2.6% Like-for-like excl. rent supplements, Total income 949 798 2.2% excl. currency effects 16.6% Like-for-like, Property costs -90 -73 16.5% excl. currency effects 0.6% Like-for-like, Net operating income 859 725 0.1% excl. curr
Slide 22: Consolidated balance statement
Consolidated balance statement MSEK Sep 2026 Dec 2025 Comment Goodwill 1,163 1,025 Property value 19,387 10,827 sek/sqm 15,729 9,742 sek/sqm Derivatives 117 35 Other assets and receivables 482 210 Cash and bank balances 380 485 Total assets 21,529 17,484 Equity 8,888 7,854 EPRA NRV 18.8 SEK/share (1
Slide 23: Ownership and share performance
Ownership and share performance Share price performance Largest owners Average daily SEK turnover L30D, MSEK Name LOGI B Capital, % Votes, % 19 70 1 Nordika 73,628,370 14.41 14.41 18 60 17 2 Rutger Arnhult 55,965,000 10.96 10.96 16 50 3 Länsförsäkringar Fonder 49,992,946 9.79 9.79 15 40 4 Fourth Swe
Slide 24: End
End