Corem Property Group Ab Class A · OMXSTO:CORE_A
Corem Property Group Ab Class A — FY2025 Earnings Presentation
20 slides from Corem Property Group Ab Class A's earnings presentation, Feb 13, 2026
Slide 1: Year-end Report Q4 2025
Year -end Report Q4 2025 13 February 2026
Slide 2: Properties for the future
ABOUT COREM Properties for the future We have solid expertise in managing commercial real estate, but above all in creating possibilities. At our core lies in -house, locally based and sustainable property management. Our portfolio provides premises in strong, attractive locations. Complemented by o
Slide 3: Property portfolio geographically well focused to attractive locations
Property portfolio geographically well focused to attractive locations within major cities and growth regions • Portfolio with premises for commercial use Lettable area by type • In -house property management Other Office 17% 52% • Expertise in property development • Proven track record in sustainab
Slide 4: Summary January – December 2025
Summary January – December 2025 4
Slide 5: Summary January – December 2025
Summary January – December 2025 “A year of significant strategic decisions, for reduced risk and stronger core business” 3 465 863 3 10.70 1.8 Profit from property Cost decrease, NAV per ordinary ICR , R12 Income , comparable share of Class A/B, SEKm management, SEKm portfolio, % SEK 6.1 47 27 56 4.
Slide 6: New lettings
New lettings Selection during Q4 2025 • Copenhagen - Elgiganten , 3 700 sq.m • Uppsala - Region Uppsala 2 000 sq.m • New York - A24 expansion, • Stockholm - Solna • Linköping 1 400 sq.m nLogic , 400 sq.m Lejonfastigheter , 1 500 sq.m
Slide 7: Net letting, rental value per sq.m, contract maturity
Net letting Rental value per sq.m Contract maturity SEKm SEK SEKm 150 2 500 1 000 900 100 2 000 800 700 50 1 500 600 500 0 1 000 400 300 -50 500 200 100 -100 – 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030- 2022 2023 2024 2025 Trailing 12 mont
Slide 8: Investments
Investments , 3.1 SEKbn 2.8 SEKbn 2.9 SEKbn SEKbn 2.0 1.3 SEKbn 1.5 SEKbn trailing 12 months 2020 2021 2022 2023 2024 2025 3500 3000 • Tenant adaptations, conversion from single -tenant to multi -tenant , improvements 2500 in technical standard, urban development . • Keeping the portfolio 2000 attra
Slide 9: Value-creating property development and urban development
V alue -creating property development and urban development Gallerian, converting retail to office , Västerås Västerås Conversion for Kustbevakningen, Gothenburg Kopparhusen, Office in Norrköping Mälarporten , Västerås
Slide 10: New York
28&7 - Divested Q4 2025 1245 Broadway 417 Park – To be divested in Q2 2026 New York • 28&7 Lettable area 9,300 sq.m , 100% leased, divestment Q4 2025 • 1245 Broadway Lettable area 17,600 sq.m , 96% leased • 417 Park Avenue Unique development site of 1,000 sq.m , building rights for 33,000 sq.m New Y
Slide 11: Urban development
Globen - Söderstaden Uppsala Business Park Västerås City Stockholm North - Kista U rban development
Slide 12: Property transactions
-7 000 Property transactions -6 000 Transactions are an integral part of Corem’s business model, provid ing means to focus, improve, -5 000 and adapt the portfolio to market conditions. Over the past years, we have made divestments required to handle -4 000 bond maturities through 2023 - 2025. We wi
Slide 13: Average yield and market value since peak levels
Average yield and market value since peak levels SEKm SEK 90000 7,0% 6,0% 6,0% 6,0% 6,0% 6,1% 80000 5,8% 5,9% 5,9% 5,9% 5,5% 6,0% 5,3% 5,4% 70000 5,2% 4,9% 5,0% 5,0% 5,0% 60000 50000 4,0% 40000 3,0% 30000 2,0% 20000 1,0% 10000 0 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2022 2022 202
Slide 14: Financial position
Financial position Interest-bearing liabilities SEKbn 50 • Interest -bearing liabilities reduced by more than SEK 2.6 billion during 2025 40 30 • Maintained or improved key figures such as average interest rate and ICR 20 • Bond buy -back of SEK 153 million during Q4 10 0 • Repaid the outstanding hy
Slide 15: Financing
LTV Equity ratio* % % 56% 39% 70 50 Financing 60 50 45 40 35 40 30 25 30 20 20 15 10 10 5 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2019 2020 2021 2022 2023 2024 2025 2024 2025 *Adjusted equity ratio Average interest rate % Interest coverage ratio 4.4% 1.8 6,0 3,5 5,5 3 5,0 4,5 2,5 4,0 3,5 2 3,0 1,5 2,5 2,0
Slide 16: Outstanding bond volumes
Outstanding bond volumes Outstanding bond volumes Breakdown of Interest -bearing liabilities 12000000 16% 4% 15% 15% 17% 14% 10000000 Unsecured bonds 14% 14% Bank loans Commercial paper 8000000 79% 12% 11% 6000000 Bond maturity 10% SEKm 10% 1 400 1 300 10% 1 200 4000000 4,870 992 974 SEKm 1 000 954
Slide 17: Optimizing the financial position & shareholder value
Optimizing the financial position & shareholder value Tools to reach, and later be able to surpass, our financial targets • Continued targeted divestments but now for streamlining purposes • D iversification of funding sources and proactive management of the debt maturity profile • Reposition and re
Slide 18: Solid track-record and continued strong progress
SUSTAINABILITY Environmentally certified buildings Solid track -record and 60 Number of buildings environmentally 50 certified according continued strong progress 40 to BREEAM, Breeam In -Use , Miljöbyggnad or LEED 30 For Corem, sustainability means working methodically, combining high business ethi
Slide 19: Taking Corem forward and keep building for the future
Taking Corem forward and keep building for the future Using our strengths Focus areas • Geographically well positioned to growth markets • Improve occupancy rate • Competitive portfolio in attractive locations • Improve operating margin • Attractive land bank and development possibilities • Optimizi
Slide 20: Questions
Questions 20