Slide 1: Year-end report 2025
Year-end report 2025 13 February 2026 External
Slide 2: Logistea in numbers
Logistea in numbers A leading Nordic Q4 2025 light industrial and logistics company 3% 1% Nasdaq Mid Cap 96.9% 5% 3% 3% A and B share Economic occupancy rate 10% Lettable area per ~15.7 BSEK 6.8% 14% country 60% Property value Net initial yield 155 9.4 years 3% 1% No. of properties Lease duration 4%
Slide 3: Highlights 2025
Highlights 2025 1,083 MSEK 976 MSEK 511 MSEK 1.04 SEK +52% +62% +142% +70% Income NOI PFPM PFPM per share 2.2 BSEK 364 MSEK +58 % 7.9 X Acq. properties Completed Cash flow from Net debt to in 2025 projects operating activities EBITDA ratio 3
Slide 4: Expansion timeline
Expansion timeline Property value development and net initial yield 18000,0 Q4 2025 10,0% 15.7 BSEK 9,0% 16000,0 Avg. Interest Future growth through: Net initial yield 8,0% • Single asset acquisitions 14000,0 • Portfolio acquisitions Property value 7,0% 12000,0 6.79% • Capex investments in existing
Slide 5: Transactions during the quarter
Transactions during the quarter Karlskrona Uddevalla & Trollhättan Multiple cities Purchase price: SEK 113m Purchase price: SEK 84m Purchase price: SEK 138m Rental value: SEK 10.6m Rental value: SEK 7.0m Rental value: SEK 10.9m Lettable area: 3,489 sq.m. Lettable area: 6,899 sq.m. Lettable area: 9,3
Slide 6: Ten acquisitions and two project completions across three countries
Ten acquisitions and two project completions across three countries 1. Nyköping – Q1 2. Rogaland – Q1 3. Malmö – Q1 4. Vansbro – Q2 5. Hämeenlinna – Q2 6. AP&T – Q3 5 4 7. Karlskrona – Q4 8. EHF – Q4 9. EIG – Q4 9 8 1 2 10 6 11 7 3 10. NKT – Q1 11. Intersport – Q4 Projects Projects Acquisitions
Slide 7: 2025 investments totalled 2.3 BSEK with an average yield of 8.2%
2025 investments totalled 2.3 BSEK with an average yield of 8.2% Acquisitions signed 2025 Finalized projects Total Signed Q1 Q1 Q1 Q2 Q2 Q3 Q4 Q4 Q4 2025 Project Project 2025 Closed Q1 Q2 Q2 Q2 Q2 Q3 Q4 Q4 Q1 Q1 Q4 MSEK Nyköping Rogaland Malmö Vansbro Hämeenlinna AP&T Karlskrona EHF EIG Sub-total NK
Slide 8: Greenfield development in Nässjö for Intersport
Greenfield development in Nässjö for Intersport • New construction of approx. 31,000 sq.m. completed in Q4 2025 • Intersport has signed a 15-year triple-net lease agreement • Investment of ~204 MSEK • Annual rent of approx. 14.7 MSEK (~475 SEK/sq.m.), representing a yield on cost of 7.25% 8
Slide 9: Strong start of year – Transactions in Q1 2026
Strong start of year – Transactions in Q1 2026 Trollhättan & Växjö Karlskrona Purchase price: SEK 303m Purchase price: SEK 216m Rental value: SEK 21.7m Rental value: SEK 16.9m Lettable area: 33,488 sq.m. Lettable area: 19,000 sq.m. WAULT: 11 yrs WAULT: 5,5 yrs Tenant: Fully leased to GKN Aerospace &
Slide 10: Strong start of year – Lettings in Q1 2026
Strong start of year – Lettings in Q1 2026 Karlskoga Borås - Viared Ljungby Lettable area: 16,408 sqm Lettable area: 7,410 sqm Lettable area: 3,500 sqm Rental value: SEK 13.3m Rental value: SEK 7.1m Rental value: SEK 2.3m WAULT: 10 years WAULT: 5,5 years WAULT: 4 years Net letting effect: + ~SEK 6.0
Slide 11: Run rate earnings capacity
Run rate earnings capacity SEKm Change 1 Jan 1 Apr 1 Jul 1 Oct 1 Jan 13 Feb Amounts in MSEK (1 Jan 2026 – 2025 2025 2025 2025 2026 2026 1 Jan 2025) Investment properties Comments: Rental value 953 981 1,087 1,107 1,143 1,192 • Profit from property Vacancy -29 -29 -34 -33 -36 -36 management per share
Slide 12: Earnings capacity per share development
Earnings capacity per share development Extensive growth in Profit from property PFPM earnings per share management per share • 1.18 SEK/share (1 Jan 2026) • +18% in FY 2025 1,40 1,24 1,20 1,16 1,18 1,12 1,05 1,00 1,00 0,91 0,90 0,90 0,94 0,79 0,82 0,83 0,80 0,76 0,73 0,73 0,59 0,60 Main drivers for
Slide 13: Strong tenants diversified across industries and regions
Strong tenants diversified across industries and regions Tenant Industry ~92% of exposure in the Nordics diversification diversification NOI NIY WAULT Share of rental income Share of rental income Other Sweden 55% 6.3% 8.8 5% 6% Food industry 5% Packaging Norway 25% 7.3% 9.7 10% Logistics 52% Other
Slide 14: Long-term asset commitments reflected in contract structure
Long-term asset commitments reflected in contract structure Key figures High visibility in future rental income ~99% ~97% 7.3% 9.4 82.0% CPI-indexed Occupancy Valuation Years Contractual rent contracts rate yield wault maturity profile Net letting Jan-Dec Oct-Dec Amounts in MSEK 2025 2024 2025 2024
Slide 15: Financials
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Slide 16: Earnings and profit
Earnings and profit (SEKm) Revenue Net operating income Profit from property management 1 046 1 084 1 002 600 • Operating margin 977 1 000 849 941 1000 488 521 increased to 91.1% (85.1) 890 713 800 900 439 500 and adjusted operating 738 800 350 400 margin increased to 559 96.6% (93.2) on a 700 600 6
Slide 17: Access to a variety of funding sources
Access to a variety of funding sources Debt 10.4% 0.3% Key metrics 10,5% composition Loan-to-value 48.4% Bank Bond Secured loan-to-value 43.1% Other Equity ratio 44.9% 89.3% 89,3% Interest maturity 2.3 y Capital maturity 2.8 y Hedge ratio 72.8% Credit maturity Net debt to EBITDA ratio 7.9 x profile
Slide 18: Debt portfolio update
Debt portfolio update Fourth quarter 2024 vs. forth quarter 2025 comparison 31.12.2024 31.12.2025 • Witnessing a strong bond and banking market right Loan Avg. Loan Avg. now with tight spreads Debt amount maturity amount maturity portfolio (SEKm) Margin % All in % Amort % yrs (SEKm) Margin % All in
Slide 19: Financial targets and risk limitations
Financial targets and risk limitations >15% avg. growth in PFPM/sh >15% avg. growth in NRV/sh over five-year period over five-year period 70% 1,2 100% 19,0 1,0 80% 17,0 50% 15,0 0,8 60% 30% 13,0 0,6 40% 11,0 10% 0,4 20% 9,0 -10% 0,2 0% 7,0 5,0 -30% 0,0 -20% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 20: Outlook
Outlook
Slide 21: 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 for investments Long track r
Slide 22: Q&A
Q&A
Slide 23: Appendix
Appendix
Slide 24: Consolidated income statement
Consolidated income statement MSEK Jan-Dec 2025 Jan-Dec 2024 Comment Oct - Dec 2025 Oct - Dec 2024 0.2% Like-for-like excl. Rental income 1,083 713 285 248 rent supplements Property costs -107 -112 -9.9% Like-for-like -34 -32 Net operating income 976 601 3,3% Like-for-like 251 216 Central administra
Slide 25: Consolidated balance statement
Consolidated balance statement MSEK Dec 2025 Dec 2024 Comment Goodwill 1,025 1,089 Property value 15,729 9,742 sek/sqm 13,221 9,346 sek/sqm Derivatives 35 40 Other assets and receivables 210 237 Cash and bank balances 485 376 Total assets 17,484 14,963 Equity 7,854 6,826 EPRA NRV 16.6 SEK/share (15.
Slide 26: 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 13,113,897 92,298,037 20.6% 30.0% 18 60 17 2 Nordika 5,017,232 68,611,138 14.4% 15.9% 16 50 3 Länsförsäkringar Fonder 44,302,684
Slide 27: End
End