John Mattson Fastighetsforetagen Ab · OMXSTO:JOMA
John Mattson Fastighetsforetagen Ab — Q3 2025 Earnings Presentation
19 slides from John Mattson Fastighetsforetagen Ab's earnings presentation, Oct 23, 2025
Slide 1: Q3 2025
Q3 2025
Slide 2: Presentation Q3
1 Presentation Q3 23 October 2025 Per Nilsson, Ebba Pilo Karth CEO C FO
Slide 3: Summary Q3 2025
Summary Q3 2025 2 • Income from property management – up 21% • Change in value – up 0.7% • We are delivering on our strategy • We have completed the last stage of the renovation project Gengasen 4 in Örby • Project planning agreements and a letter of intent have been signed with an operator for a nu
Slide 4: Goal fulfilment Q3 2025 compared with Q3 2024
Goal fulfilment 3 Q3 2025 compared with Q3 2024 G rowth in income from • Revenue up 5% property management • Property expenses up 1% Outcome: +21.0 % per share • Net operating income up 7% Target: +10.0% per share Growth in NRV • Yield requirements remain stable and improved surplus ratio Outcome: +
Slide 5: Share buy-backs are an attractive option
Share buy -backs are an attractive 4 option Indicative 1 margin and yield by investment category, % – %– Margin on investment Investments in existing portfolio n new properties share buy -backs 2 150% 140% 130% 120% 110% Energy optimisation 100% 90% 80% 70% 2 Share buy -backs Adaptation, commercial
Slide 6: Property portfolio
Property portfolio 5 4 82 % property of the lettable area is management housing areas 4,325 345 apartments thousand sq m lettable area
Slide 7: Development projects
Development projects 6 Project Area Number of Status 2) Estimated apartments 1) production start1) 1. Geografiboken, Detailed Devel. Abrahamsberg City/Bromma 80 plan in force 2026 2. Finnboda, South Detailed Devel. Nacka Stockholm/Nacka 40 plan in force 2026 3. Ekporten, Detailed Devel. plan Larsber
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Slide 11: Consolidated income statement
Consolidated income statement 10 Rolling 12 2025 2024 2025 2024 2024 months Amounts in SEK m Oct 2024 –Sep Jul–Sep Jul–Sep Jan–Sep Jan–Sep Jan–Dec Rental revenue 168.7 161.4 504.4 480.2 2025 666.9 642.7 97.6 % economic Property expenses -39.3 -36.7 -132.4 -130.9 -184.5 -183.0 occupancy rate Net oper
Slide 12: Change in property value
Change in property value 11 2025 2025 % of % of SEK billion Amounts in SEK m opening Jul– Sep opening Jan– Sep 14.54 property property value value 0.28 Opening property value 14,381.0 14,097.7 14.10 0.18 0.00 -0.02 + Acquisitions 0.0 0.0 + Investments in new builds 0.1% 10.7 0.1% 20.7 + Investments
Slide 13: Consolidated balance sheet
Consolidated balance sheet 12 Amounts in SEK m 30 Sep 2025 30 Sep 2024 31 Dec 2024 ASSETS Investment properties 14,543.9 13,940.6 14,097.7 Derivatives 24.4 65.6 69.2 6.7 Other assets 572.9 573.8 587.7 Net interest- Cash and cash equivalents 49.1 404.9 61.0 bearing liabilities, SEK TOTAL ASSETS 15,19
Slide 14: Financing
Financing 13 Loan -to-maturity Interest -rate hedges at the end of the quarter 3 000 2.4 years average loan -to- 2 500 Average interest rate, hedged maturity 2 000 SEK bn volume, excl. margins % 1 500 7,0 Hedged volume, SEK billion 2,4 1 000 6,5 2,2 500 6,0 2,0 0 5,5 0-1 år 1-2 år 2-3 år 3-4 år 4-5
Slide 15: Earnings capacity
Earnings capacity 14 30 Jun 31 Mar 31 Dec 30 Sep Amounts in SEK m 30 Sep 2025 2025 2025 2024 2024 Rental value 689.4 688.2 688.5 658.9 657.9 Vacancies and discounts -16.3 -19.0 -16.8 -15.9 -17.0 Rental revenue 673.1 669.2 671.7 643.0 640.9 Operating expenses -130.3 -128.5 -126.1 -128.9 -130.9 Mainte
Slide 16: Excluding market effects, net operating income has increased SEK 180 per square metre
Excluding market effects, net operating income (NOI) has increased SEK 180 per 15 square metre John Mattson’s NOI trend 1 compared with market -driven NOI trend - SEK per sq m - 1 300 Johneffektiviseringsåtgärder Utan Mattson’s net operating income (index)(NOI) development 1 200 Med effektiviserings
Slide 17: Potential value growth of approximately SEK 1,500 million
Potential value growth of approximately SEK 1,500 million – corresponding to approximately 16 SEK 20 per share Assessed potential value growth in John Mattson’s property portfolio - SEK m - 3 500 Energy 1 Upgrades 2 New production 3 Total 3 000 2 500 2 000 1,500 1 500 1 000 600 500 500 400 0 1. Pote
Slide 18: Summary
17 Summary • We have met our financial targets for growth in income from property management and NRV per share • The Board resolved to start to buy back John Mattson’s shares • Considerable value growth potential remains to be realised in our property portfolio
Slide 19: Questions
Questions JohnMattson
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