Slide 1: Interim report Q3 2025
Interim report Q3 2025 22 October 2025 External
Slide 2: Logistea in numbers Q3 2025
Logistea in numbers Q3 2025 A leading Nordic light industrial and logistics company Lettable area per country Nasdaq Mid Cap 97.0% 4% 1% A and B share Economic occupancy rate 5% 3% 3% 10% ~15.6 BSEK 6.7% 59% Property value Net initial yield 15% 153 9.4 years No. of properties Lease duration Value pe
Slide 3: Highlights Q1-Q3 2025
Highlights Q1-Q3 2025 798 MSEK 725 MSEK 376 MSEK 0.77 SEK +72% +88% +139% +48% Income NOI PFPM PFPM per share 2.0 BSEK +65% 92% 7.8x Acq. properties Cash flow from Operating margin Net debt to in 2025 operating EBITDA ratio activities 3
Slide 4: Market update
Market update Rent prime logistics (SEK/sqm) Vacancy (%) 1 800 10% 1 600 8% 1 400 6% 1 200 4% 1 000 800 2% 600 0% Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Stockh
Slide 5: Accretive growth through acquisitions across the Nordics
Accretive growth through acquisitions across the Nordics Acquisition highlights YTD • Large investable universe – reviewed some Signed Q1 Q1 Q1 Q2 Q2 Q3 YTD 100 deals with 60 SEKbn in underlying value YTD Closed Q1 Q2 Q2 Q2 Q2 Q3 YTD Hämeen- • Five individual asset acquisitions across SEKm Nyköping
Slide 6: New construction in Nässjö for Intersport Sverige AB
New construction in Nässjö for Intersport Sverige AB • Approx. 31,000 sqm – expected to be completed in December 2025 • Intersport signed a 15-year lease • Estimated investment SEK 202 million • Annual rent approx. SEK 14.7 million (~SEK 475/sq.m.), which corresponds to a return of 7.25% 6
Slide 7: Run rate earnings capacity
Run rate earnings capacity SEKm 1 Oct 1 Jan 1 AprQ 1 JulQ 1 OctQ Change Comments Amounts in MSEK (1 Oct 2025 – 2024 2025 2025Q 2025Q 2025Q 1 Oct 2024) • Profit from property management Investment properties per share has increased by 0.16 SEK Rental value 934 953 981Q 1,087Q 1,107Q YTD, affected by:
Slide 8: Earnings capacity per share development
Earnings capacity per share development Extensive growth in PFPM earnings per share 1,40 • 1.16 SEK/share (1 Oct 2025) 1,20 • +23% y-o-y 1,00 • +16% YTD 0,80 0,60 0,40 Main drivers for growth includes 0,20 • Improved bank and bond margins 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 • Finalised
Slide 9: Strong tenants diversified across industries and regions
~92% of exposure in the Nordics Strong tenants diversified across industries and regions NOI NIY WAULT Tenant diversification Industry diversification Share of rental income Share of rental income Sweden 54% 6.4% 8.7 4% Other 5% Food industry Norway 26% 7.0% 9.9 6% Packaging 10% E-commerce Denmark 7
Slide 10: Long-term asset commitments reflected in contract structure
Long-term asset commitments High visibility in future rental income reflected in contract structure Contractual rent maturity profile Key figures 83.6% ~91% ~99% ~97% 9.4 Triple net CPI-indexed Occupancy rate years wault contracts1 contracts Net letting Jan-Sep Jul-Sep Okt-SepQ Jan-Dec Amounts in MS
Slide 11: Ownership and share performance
Ownership and share performance Share price performance Largest owners Average daily SEK turnover L30D, MSEK Name LOGI A LOGI B Capital, % Votes, % 19 70 1 Rutger Arnhult 13,096,228 92,059,395 20.6% 29.9% 18 60 2 Nordika 5,017,232 68,611,138 14.4% 15.9% 17 16 50 3 Fourth Swedish National Pension Fun
Slide 12: Financials
Financials ye
Slide 13: Earnings and profit
Earnings and profit (SEKm) Revenue Net operating income Profit from property management 1 046 • Operating margin increased to 1 002 1 000 91.0% (85.1) and adjusted 488 849 941 operating margin increased to 500 890 439 1000 450 713 96.6% (93.2) on a 12-month 900 800 738 800 350 400 559 600 700 350 ba
Slide 14: Access to a variety of funding sources
Access to a variety of Key metrics funding sources Loan-to-value 48.0% Debt composition 0.4% Secured loan-to-value 42.6% 10.6% 10,6% Bank Bonds Equity ratio 45.0% Other Interest maturity 2.6 y Capital maturity 2.8 y 89,0% 89.0% Hedge ratio 72.7% Net debt to EBITDA ratio 7.8 x Credit maturity profile
Slide 15: Funding across currencies
Funding across currencies Cost of debt per currency All in interest rates at Q3 2025 (%) Margin Avg. base rates excluding swaps Solid balance sheet and loan portfolio creates room for rewarding credit negotiations • Majority of the Stibor loans are secured, opposed to the Nibor loans which are about
Slide 16: Debt portfolio update
Debt portfolio update Fourth quarter 2024 vs. third quarter 2025 comparison • Witnessing a strong bond market right now with tight 31.12.2024 30.09.2025 spreads compared to in the Loan Avg. Loan Avg. spring. Debt amount maturity amount maturity portfolio (SEKm) Margin % All in % Amort % yrs (SEKm) M
Slide 17: Financial targets and limitations
Financial targets and limitations >15% avg. growth in PFPM/sh over five-year period >15% avg. growth in NRV/sh over five-year period 1,2 100% 19,0 90% 1,0 80% 17,0 70% 0,8 60% 15,0 50% 0,6 40% 13,0 30% 11,0 0,4 20% 10% 9,0 0,2 0% 7,0 -10% 0,0 -20% 5,0 -30% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q
Slide 18: Outlook
Outlook ye
Slide 19: We are well positioned to continue executing on our strategy
We are well positioned to continue executing on our strategy Diversified exposure by geography, tenants and industries Triple net lease contracts reflecting long-term commitment/wault Access to attractive funding sources supportive of growth strategy Dry powder following rights issue in June
Slide 20: Q&A
QsA ye
Slide 21: Appendix
A fe) pendi x ye
Slide 22: Consolidated income statement
Consolidated income statement MSEK Jan-Sep 2025 Jan-Sep 2024 Comment Jul - Sep 2025 Jul - Sep 2024 0.1% Like-for-like excl. rent Rental income 798 465 288 244 supplements Property costs -73 -80 -11.6% Like-for-like -19 -25 Net operating income 725 385 3,3% Like-for-like 269 219 Central administratio
Slide 23: Consolidated balance statement
Consolidated balance statement MSEK Sep 2025 Sep 2024 Comment Goodwill 1,057 1,080 Property value 15,642 9,797 sek/sqm 13,101 8,986 sek/sqm Derivatives 30 5 Other assets and receivables 201 248 Cash and bank balances 463 211 Total assets 17,393 14,645 Equity 7,822 6,636 EPRA NRV 16.5 SEK/share (15.0
Slide 24: End
End ye