Fastighetsbolaget Emilshus Ab Class B · OMXSTO:EMIL_B
Fastighetsbolaget Emilshus Ab Class B — Q3 2026 Earnings Presentation
31 slides from Fastighetsbolaget Emilshus Ab Class B's earnings presentation, Oct 15, 2026
Slide 1: Interim report January–September 2026
Q3 Interim report January–September 2026
Slide 2: Significant events during the quarter
January–September 2026 July-September 2026 Significant events during the quarter • Rental income increased 29% to MSEK 831 (643). • Rental income increased 25% to MSEK 286 (228). • In July, it was announced that ten properties in the light indus- • Profit from property management increased 23% to MS
Slide 3: CEO's statement: A stable Emilshus
CEO’s statement A stable Emilshus Emilshus is a distinctly growth-oriented company focused on high returns. Over the past five years, our property values have increased from approximately BSEK 4 to over BSEK 14, and its profit from property management has nearly quadrupled. Rental value increased ov
Slide 4: Emilshus in brief
Emilshus in brief A property company with Financial targets strong cash flows Profit from property management per ordinary share Outcome of financial targets Based on the corporate culture of Småland, Profit from property management per ordinary share is to Five-year Emilshus acquires, develops and
Slide 5: Rental income, expenses and earnings
Rental income, expenses and earnings Rental income MSEK MSEK January–September 2026 300 1,200 250 1,000 Comparison figures in parentheses refer to the corresponding Net financial items 200 800 period in the preceding year. Net financial items totaled MSEK –244 (–184). The average lend- 150 600 ing r
Slide 6: Tax, third quarter and profit from property management
Tax Third quarter 2026 Profit from property management Current tax expense totaled MSEK 39 (31) and deferred tax Income increased 25% to MSEK 286 (228). Net operating income MSEK MSEK expense totaled MSEK 82 (56). The deferred tax expense pertains amounted to MSEK 234 (188), corresponding to a surpl
Slide 7: Forecast and current earnings capacity
Forecast and current earnings capacity Adjusted forecast for 2026 Property tax is based on the current tax assessment value. Costs net financial items reflecting the interest-rate conditions as well as For 2026, it is estimated that profit from property management for central administration are base
Slide 8: Our properties
Our properties No. of properties Economic occupancy rate Rental value/sqm Property value/sqm 274 95% SEK 927 SEK 10,891 16% Linköping 14% Property portfolio Geographic orientation Jönköping 7% Emilshus has a diversified property portfolio of commercial prem- Emilshus’s strategy involves a focus on h
Slide 9: Property transactions
Summary of property portfolio at October 1, 20261 Accessed properties, Jan–Sep 2026 No. of Lettable area, Market value Rental value Economic occu- Contractual Lettable Region properties ksqm MSEK Share, % SEK/sqm MSEK SEK/sqm pancy rate, % annual rent, MSEK Management Property area, Halmstad 28 112
Slide 10: Projects
Projects Projects in the form of reconstruction and extensions, modifi- 2 in Helsingborg, in conjunction with Lindab signing a new five- Expanded and extended lease cation of existing premises and new production are one way of year agreement for a total of 1,704 sqm. Completion is planned meeting te
Slide 11: Market value of the property portfolio
Market value of the property portfolio Input data for property valuation Sep 30 Dec 31 Emilshus’s consolidated financial statements are prepared in ment, anticipated changes in net financial items of MSEK 12 and Weighted average 2026 2025 2025 accordance with the IFRS Accounting Standards. Emilshus
Slide 12: Our tenants
Our tenants Emilshus’s tenants mostly comprise stable companies with long-term operations that are deemed to be highly Light industry solvent. With its local orientation, Emilshus is a reliable player and partner in supplying premises The tenants in the largest property category, light industry, typ
Slide 13: Net letting
Net letting Net letting Lease maturity structure Net letting for the period totaled MSEK –10 (0). Jan–Sep Jan–Dec Emilshus signed 105 leases with an increased annual rental MSEK 2026 2025 2025 Contractual value of MSEK 40 (34), of which MSEK 38 (26) pertains to 60 Year of No. of annual rent, Share,
Slide 14: Sustainability activities
Sustainability activities Marked cost reduction from Emilshus has set high sustainability requirements for its operations. Sustainability activities are based enhanced energy efficiency on the sustainability strategy adopted by the Board of Directors, which is based on the need for wise and responsi
Slide 15: Financing
Financing Capital structure Average Average Interest-coverage ratio Loan-to-value ratio lending rate interest maturity LTM Emilshus’s capital structure at the end of the period was 39% (41) equity, 55% (53) interest-bearing liabilities and 6% (6) other items. Emilshus collaborates with six banks in
Slide 16: Debt and interest maturity
Debt and interest maturity Debt and interest maturity The debt maturity period for Emilshus’s interest-bearing liabili- Debt maturity Interest maturity ties was 2.5 years (2.7) at the end of the period. The MSEK 32 in Bank loans, Total interest-bearing Share, Interest maturity, Average lend- Share,
Slide 17: The share and shareholders
The share and shareholders Shares Warrants Price performance, Emilshus Series B ordinary shares Emilshus has three classes of shares: unlisted Series A ordinary At the end of the period, Emilshus had two outstanding warrant pro- % shares as well as listed Series B ordinary shares and preference gram
Slide 18: Quarterly overview
Quarterly overview 2026 2025 2024 Income statement, MSEK Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Rental income 286 274 271 253 228 213 202 181 173 Property costs –52 –54 –68 –57 –40 –42 –44 –36 –30 Net operating income 234 220 203 196 188 171 159 145 143 Central administration –13 –13 –12 –14 –9 –10 –10 –9 –8 Ne
Slide 19: Key figures per quarter
Key figures per quarter 2026 2025 2024 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Property-related No. of properties 274 260 251 233 226 195 183 172 160 Lettable area, ksqm 1,321 1,256 1,226 1,188 1,155 1,040 1,010 926 898 Fair value of properties, MSEK 14,383 13,545 13,064 12,307 11,852 10,512 10,066 8,940 8,464 F
Slide 20: Key figures per quarter
Key figures per quarter 2026 2025 2024 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Financial Equity/assets ratio, % 39 40 40 40 41 43 40 42 43 Return on equity, % 11 9 13 12 14 7 13 13 1 Loan-to-value ratio, % 55 53 55 53 53 48 55 52 51 Loan-to-value ratio, properties, % 49 47 49 47 46 41 48 47 46 Average lending ra
Slide 21: Consolidated statement of comprehensive income and financial position
Consolidated statement of comprehensive income Consolidated statement of financial position Jan–Sep Jul-Sep LTM Jan–Dec Sep 30 Dec 31 MSEK 2026 2025 2026 2025 2025 MSEK 2026 2025 2025 Rental income 831 643 286 228 1,084 896 ASSETS Property costs –174 –126 –52 –40 –232 –184 Non-current assets Net ope
Slide 22: Changes in equity and cash flows
Condensed consolidated Consolidated statement of cash flows statement of changes in equity Jan–Sep Jul-Sep LTM Jan–Dec MSEK 2026 2025 2026 2025 2025 Retained Operating activities Other earnings Profit from property management 374 303 133 113 485 414 No. of No. of contrib- including net ordinary pref
Slide 23: Parent Company income statement and balance sheet
Parent Company income statement Parent Company balance sheet Jan–Sep Jul-Sep Jan–Dec Sep 30 Dec 31 MSEK 2026 2025 2026 2025 2025 MSEK 2026 2025 2025 Income ASSETS Net sales 27 23 9 8 32 Non-current assets Other non-current assets 3 1 2 Operating expenses Derivatives — 0 — Other external costs –71 –5
Slide 24: Key figures
Key figures Jan–Sep Jan–Dec Jan–Sep Jan–Dec 2026 2025 2025 2024 2023 2022 2021 2026 2025 2025 2024 2023 2022 2021 Property-related Share-related, preference No. of properties 274 226 233 172 130 125 97 shares Lettable area, ksqm 1,321 1,155 1,188 926 805 786 581 Number of preference shares 42,000,00
Slide 25: Other information
Other information Personnel Estimates and assessments, and rounding Accounting policies At the end of the period, the number of employees was 34 (31). In order to prepare the reports in accordance with generally This interim report was prepared in accordance with IAS 34 accepted accounting principle
Slide 26: Signing of the interim report and review report
Signing of the interim report Review report The Board of Directors and the CEO give their assurance that this interim report provides a To the Board of Directors of Fastighetsbolaget Emilshus AB (publ.) Corp. id. 559164-8752 fair review of the company’s and the Group’s operations, financial position
Slide 27: Property portfolio at October 1, 2026
Property portfolio at October 1, 2026 No. of Lettable Market value Rental value Economic Contractual No. of Lettable Market value Rental value Economic Contractual prop- area, SEK/ SEK/ occupancy annual rent, prop- area, SEK/ SEK/ occupancy annual rent, erties ksqm MSEK Share sqm MSEK sqm rate, % MS
Slide 28: Definitions
Definitions Return on equity Net profit for the period, restated to 12 months, in relation to aver- Rental value Contractual annual rent that runs immediately after the end of age equity (OB+CB)/2 for the period. the period, with the addition of assessed market rent for vacant premises. Return on eq
Slide 29: Reconciliation of key figures
Reconciliation of key figures Jan–Sep Jan–Dec Jan–Sep Jan–Dec MSEK 2026 2025 2025 2024 2023 2022 2021 MSEK 2026 2025 2025 2024 2023 2022 2021 Return on equity Yield Net loss for the period 439 379 524 288 33 311 469 Net operating income 657 517 713 542 471 363 228 Addition for remeasurement 146 126
Slide 30: Reconciliation of key figures (NAV, interest coverage)
Jan–Sep Jan–Dec Jan–Sep Jan–Dec MSEK 2026 2025 2025 2024 2023 2022 2021 MSEK 2026 2025 2025 2024 2023 2022 2021 NAV Interest-coverage ratio Equity 5,824 4,969 5,114 3,856 3,194 3,007 1,848 Profit from property manage- 374 303 414 297 233 182 131 Equity pertaining to –1,344 –960 –960 –660 –660 –660 –
Slide 31: About Emilshus
Calendar Year-end report January–December 2026 February 5, 2027 2026 Annual Report March 31, 2027 Annual General Meeting 2027 April 21, 2027 Interim Report January–March 2027 April 21, 2027 Interim Report January–June 2027 July 13, 2027 Interim report January–September 2027 October 19, 2027 About Em
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