Corem Property Group Ab Class A · OMXSTO:CORE_A
Corem Property Group Ab Class A — Q3 2025 Earnings Presentation
20 slides from Corem Property Group Ab Class A's earnings presentation, Oct 22, 2025
Slide 1: Interim Report Q3 2025
Interim Report Q3 2025 22 October 2025
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 Lettable area by type creating possibilities. Our portfolio provides a wide range of premises for Other Office commercial use, in attractive locations within growth regions. 16% 51% At
Slide 3: Summary January – September 2025
Summary January – September 2025 3
Slide 4: Summary January – September 2025
Summary January – September 2025 “Strategic steps in a challenging market” 2 642 695 3 12.56 1.7 Cost decrease, NAV per ordinary ICR , R12 Income, Profit from property comparable share of Class A/B, SEKm management, SEKm portfolio, % SEK 6.0 51 6 55 4.6 Net letting LTV, Average Average yield, Proper
Slide 5: New lettings
New lettings Selection during Q3 2025 • Stockholm - Byggmästargruppen, 1 000 sq.m • Gothenburg • Stockholm - Kista 1 000 sq.m Trafikverket, 500 sq.m • New York - 3 new leases, 3 400 sq.m
Slide 6: Net letting, rental value per sq.m, contract maturity
Net letting Rental value per sq.m Contract maturity SEKm SEK SEKm 150 2 500 1 200 100 2 000 1 000 800 50 1 500 600 0 1 000 400 -50 500 200 -100 – 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 2024 2025 2025 2026 2027 2028 2029- 2022 2023 2024 2025 Trailing 12 months Contract ma
Slide 7: Property portfolio geographically well focused to attractive locations in major cities and growth regions
Property portfolio geographically well focused to attractive locations in major cities and growth regions • Portfolio with premises for commercial use 51 Property value, • In-house property management SEKbn • Expertise in property development • Proven track record in sustainability • Long term tenan
Slide 8: Investments
Investments, 3.1 SEKbn 2.8 SEKbn 2.9 SEKbn 2.0 SEKbn 1.3 SEKbn trailing 12 months 2020 2021 2022 2023 2024 3500 3000 • Tenant adaptations, conversion from single-tenant to multi-tenant, improvements 2500 in technical standard, urban development. • Keeping the portfolio 2000 attractive and efficient
Slide 9: Value-creating property development and urban development
Value-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 - Divestment Q4 2025 1245 Broadway 417 Park New York • 28&7 Lettable area 9,300 sq.m, 100% leased, divestment Q4 2025 • 1245 Broadway Lettable area 17,600 sq.m, 88% leased • 417 Park Avenue Unique development site of 1,000 sq.m, building rights for 33,000 sq.m New York
Slide 11: Urban development
Globen - Söderstaden Uppsala Business Park Västerås City Stockholm North - Kista Urban development
Slide 12: Property portfolio
Property portfolio Over the past years, we have used divestments as a tool to handle 30000 4000 bond maturities through 2023 - 2025. Through this process, property types have shifted, with a decrease mainly in residential 3500 25000 and logistics, while a high geographic concentration has been maint
Slide 13: Average yield and market value since peak levels
Average yield and market value since peak levels SEKm SEK 90000 7,0% 80000 5,8% 5,9% 5,9% 5,9% 6,0% 6,0% 6,0% 6,0% 6,0% 5,4% 5,5% 5,3% 70000 5,0% 5,0% 5,2% 4,9% 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 2022 2022 2022 2022 2023 2
Slide 14: Financial position
Financial position Interest-bearing liabilities SEKbn 50 • Interest-bearing liabilities reduced by more than SEK 2 billion during Jan-September 2025 40 30 • Maintained or improved key figures such as average interest rate and ICR 20 • Repaid the outstanding hybrid bond of approximately 10 SEK 1.1 bi
Slide 15: Financing
LTV Equity ratio* % 55% 41% % 70 50 Financing 60 50 45 40 35 40 30 25 30 20 20 15 10 10 5 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 2019 2020 2021 2022 2023 2024 2025 2024 2025 *Adjusted equity ratio Average interest rate % Interest coverage ratio 4.6% 1.7 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
Slide 16: Outstanding bond volumes
Outstanding bond volumes Outstanding bond volumes Breakdown of Interest-bearing liabilities 14000000 16% 5% 15% 14% 15% 17% 14% 12000000 14% Unsecured bonds 14% Bank loans 10000000 Commercial paper 78% 12% 8000000 11% Bond maturity 10% 10% SEKm 6000000 1 400 1 300 10% 5,023 1 200 1 023 1 050 1 000 4
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 • Reposition and refinance bonds, optimizing structure as well as bond durations • Repayment of expensive loan structures, restructuring of expen
Slide 18: Strong track-record and tangible effects in sustainability
SUSTAINABILITY Strong track-record and tangible effects in sustainability For Corem, sustainability means combining economically sustainable business operations with sound business ethics, minimised negative environmental impact and social responsibility. This means we work with suppliers as well as
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