Neobo Fastigheter Ab · OMXSTO:NEOBO
Neobo Fastigheter Ab — Q2 2026 Earnings Presentation
26 slides from Neobo Fastigheter Ab's earnings presentation, Jul 8, 2026
Slide 1: Welcome to the presentation of Neobo's Interim report January-June 2026
Welcome to the presentation of Neobo’s Interim report January-June 2026 Stockholm July 8, 2026 Q2
Slide 2: Ylva Sarby Westman, CEO
2 Ylva Sarby Westman CEO
Slide 3: Homes for everyone
Homes for everyone
Slide 4: Rental income +4% like-for-like
Norrtull 5 STRÄNGNÄS Rental income 469 m +4% Like-for-like
Slide 5: Net operating income -2% like-for-like
Vikingen 13 HELSINGBORG Net operating income 244 m -2% Like-for-like
Slide 6: Profit from property management -15%
Svetsaren 8 NYKÖPING Profit from property management 87 m -15%
Slide 7: Profit from property management per share SEK 0.62
Dubbelkrut 1 SKELLEFTEÅ Profit from property management, SEK per share 0.62 -11%
Slide 8: Residential focused portfolio
8 Residential focused portfolio Property value (SEK) Share of residential properties Number of properties 13.6 bn 94% 255 Number of apartments Lettable area (sq.m.) 8,100 672,000
Slide 9: Increasing rental value 1,034 m
NEOBO Increasing rental value Commercial 15% Residential SEK 78% 1,034 m Community service 3% Total rental value Other 4%
Slide 10: Economic occupancy up one percentage point year-on-year
Economic occupancy up one percentage point year-on-year Homes for everyone Total occupancy rate Residential occupancy rate 95.2% 93.4% 93.5% 92.0% Q4 Q4 Q4 Q4 Q1 Q2 2022 2023 2024 2025 2026 2026 Norrtull 5 STRÄNGNÄS
Slide 11: Divestment of property in Helsingborg
Divestment of property in Helsingborg The sales price of SEK 27.5 m is three percent above the book value
Slide 12: Divestment of properties in Vårberg
Divestment of properties in Vårberg The sales price of SEK 104 m is 18 percent above the book value
Slide 13: Transaction volumes up 65% year-on-year
Transaction volumes up 65% year-on-year Residential Other segments Share residential, % SEK m 450 000 40% 400 000 32% 35% 350 000 30% 300 000 25% 250 000 20% 200 000 15% 150 000 10% 100 000 50 000 5% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 H1 Source: Savills
Slide 14: Value creating investments with attractive return
Backus 19 OSKARSHAMN Value creating investments of SEK 96 m with attractive return
Slide 15: Investment case: Fiber
Svetsaren 8 Investment case NYKÖPING Fiber | Q2 2026 • Installation of fiber in 20 properties • SEK 5 m investment➔ yield on cost of 25 percent
Slide 16: Investment case: Renovation of apartments
Investment case STOCKHOLM AREA | Q2 2026 - Renovation of 20 apartments - Average rental increase of 45 percent - SEK 9 m investment➔ yield on cost exceeding 9 percent Humlan 8 NYNÄSHAMN
Slide 17: New Chief Technology Officer position established
New Chief Technology Officer position established to support sustainability, operational efficiency and NOI growth
Slide 18: Result January–June 2026
Result January–June 2026 2026 2025 Amounts in SEK m Jan-Jun Jan-Jun Rental income +4% 469 466 Like-for-like Property management costs -225 -206 Net operating income 244 260 -2% Like-for-like Central administration -35 -36 Profit before financial items 209 224 Net financial items -122 -122 Profit fro
Slide 19: Changes in property value 2022-2026
Changes in property value 2022-2026 Valuation yield: • Q2 2026: 5.1% • Q4 2022: 4.1% Market value Valuation yield SEK m % 15 000 5.00% 5,0 14 000 4.50% 4,5 13 000 4.00% 4,0 12 000 3.50% 3,5 11 000 3.00% 3,0 10 000 2.50% 2,5 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2023 2023 2023 2024 2
Slide 20: Earnings capacity
Letten 5 Earnings capacity KARLSTAD 1 July 1 April 1 January 1 October 1 July SEK m 2026 2026 2026 2025 2025 Rental value 1,034 1,030 1,019 1,036 1,038 Vacancy -67 -62 -65 -72 -78 Rental income 967 968 954 965 960 Property costs -420 -420 -420 -420 -425 Net operating income 547 548 534 545 536 Centr
Slide 21: Neobo has a strong financial position
Neobo has a strong financial position Key debt highlights as of June 2026 Debt maturity overview SEK m 49.9% 2.7y 3 500 44% Loan-to-value Average debt duration 3 000 39% 2 500 2 000 3.4% 2.6y 1 500 Average interest rate Average fixed rate period 1 000 13% 500 3% 85% 1.8x 0 1% Hedge ratio Interest co
Slide 22: Interest rate derivatives
Interest rate derivatives Maturity structure and average interest rate SEK m 1800 0.63% 1600 1.96% 2.46% 1400 SEK 5.9 bn 1200 2.45% 1000 Aggregated nominal value 800 600 2.74% 400 200 0 0-1 1-2 2-3 3-4 4-5 5- 1.9% Interest rate swaps, forward started Start Maturity Nominal amount, SEK m Interest rat
Slide 23: Our largest shareholders
Our largest shareholders As of May 31, 2026 Percentage of share Shareholder No. of shares capital and voting right ICA-handlarnas Förbund 16,000,000 11.0 Björn Danckwardt-Lillieström 13,824,477 9.5 Martin Larsén 9,572,798 6.6 Länsförsäkringar Fonder 7,200,000 4.9 Avanza Pension 6,777,928 4.6 Swedban
Slide 24: Thank you for joining us today
Thank you for joining us today
Slide 25: Questions are welcome!
Norrtull 5 Questions are STRÄNGNÄS welcome!
Slide 26: neobo
neobo