Dios Fastigheter Ab · OMXSTO:DIOS
Dios Fastigheter Ab — Q3 2025 Earnings Presentation
17 slides from Dios Fastigheter Ab's earnings presentation, Oct 24, 2025
Slide 1: Q3 2025 Interim Report Jan-Sept
Q3 2025 Interim Report Jan-Sept
Slide 2: Asset rotation and good new lettings
Intro Operation Portfolio Financing Outlook Asset rotation and good new lettings Summary July - September 2025 • Economic occupancy at 90% by the end of 3Q25 vs 90% at 1Q25 – transactions have and will affect occupancy Operational • Income was SEK 666m 3Q25 compared to SEK 622 3Q24 – due to transact
Slide 3: New financial targets for profitable growth
Intro Operation Portfolio Financing Outlook New financial targets for profitable growth >10% >10% -50% Growth in IFPM/ share Growth in EPRA NRV/ share Carbon dioxide emission by 2030 7,62 7,64 6 480 6,7 100,5 100,6 102,2 5 841 6,38 6,31 97,7 95,6 4 900 5 177 -19% 2021 2022 2023 2024 RTM 2021 2022 20
Slide 4: Growth in income from property management
Intro Operation Portfolio Financing Outlook Growth in income from property management SEKm 2025 2024 R12m 2024 ∆% Jan-Mar Jan-Mar Jul24-Jun25 Jan-Dec 1 • Acquisitions are lifting rental income Total income 1 666 622 7 2 625 2,527 • Occupancy rate was 90% Property cost 2 -182 -161 -13 -822 -799 2 • N
Slide 5: Good income diversification
Intro Operation Portfolio Financing Outlook Good income diversification Rental value, type of premises Rental growth 2%6% 3 5 666 0.9% 7% Office 34 2 Like-for-like rental growth 7% Retail 622 9% 56% Hotel/ restaurants Residential 95% Of commercial lease contracts have 13% Health care/ education CPI
Slide 6: Solid net letting track record and low tenant concentration risk
Intro Operation Portfolio Financing Outlook Solid net letting track record and low tenant concentration risk • Net letting amounts to SEK 1m for 3Q25 • 5 out of 10 largest tenants are businesses in the national, regional or local government sectors • Positive net letting 25 of 27 latest quarters • T
Slide 7: Yields remains flat in the quarter
Intro Operation Portfolio Financing Outlook Yields remains flat in the quarter SEKm No of properties SEK Portfolio book value by 5,649m Property portfolio, 1 Jan 31,413 323 Business area SEK 2,441m Acquisitions 1,816 6 SEK 6,589m Investments in new builds, extensions and 632 SEK conversions 4,517m S
Slide 8: Sensible investment criteria form basis for accretive growth
Intro Operation Portfolio Financing Outlook Sensible investment criteria form basis for accretive growth • Major projects are built with no speculation • All new projects are built according to BREEAM, at least level “very good”, Condominiums -20% to BBR (national law) and Life-cycle GWP value Resid
Slide 9: Prudent interest rate management
Intro Operation Portfolio Financing Outlook Prudent interest rate management Financing sources • Average cost of debt lower than marginal cost of debt 15% Bank loan • Committed to keep ICR ≥ 2.0 and LTV at 55%-45% 13% SFF bond • Improved margins and good liquidity in the bond market • Bank margins a
Slide 10: Conservative balance sheet approach
Intro Operation Portfolio Financing Outlook Conservative balance sheet approach Loan-to-value <55%* Net debt / EBITDA Interest cover ratio ≥2.0 70 13 7,0 Covenant <65% 65 12 6,5 60 11 6,0 Target <55%* 55 10 5,5 50 5,0 9 45 4,5 8 40 4,0 7 35 3,5 6 30 3,0 Target >2.0x 5 25 2,5 4 20 2,0 3 Covenant >1.5
Slide 11: Great conditions for economic growth
Intro Operation Portfolio Financing Outlook Great conditions for economic growth • Hydropower • Windpower • Green steel production • Available land • Electro fuel • Cold climate • Forestry • Solid governing structure • Data centres • NATO membership • Military • Attractive 15-min cities 2025-10-24 │
Slide 12: New leasing's provides confidence for continued rental growth
Intro Operation Portfolio Financing Outlook New leasing's provides confidence for continued rental growth Market insights Gävle • A and B locations • > 20% CPI indexation • New office supply Kronofogden • Decision making time 6y lease • Government related tenants 1,200 s.qm YoC > 8% Umeå Clear stree
Slide 13: Asset rotation – divestment of Åre-portfoilo
Intro Operation Portfolio Financing Outlook Asset rotation – divestment of Åre-portfoilo 2025-10-24 │Q3 2025 Earnings call 13
Slide 14: Invest in Diös
Intro Operation Portfolio Financing Outlook Invest in Diös Unique position in an Long-term profitability Strong stable cash flow attractive market Our business model is based on We own a well-diversified portfolio, in We are the market-leading property owner in continuously developing attractive ter
Slide 15: Q&A
Q&A 15 2025-02-14 │ Q4 2024 Earnings call
Slide 16: Speakers
Intro Operation Portfolio Financing Outlook Speakers David Carlsson, CEO Rolf Larsson, CFO Johan Dernmar, CIRO CEO since 2025 CFO since 2005 Chief Investor Relations Shareholdings 17,000 Shareholdings 16,000 Officer since 2023 (in the company since 2015) Shareholdings 10,000 2025-10-24 │Q3 2025 Earn
Slide 17: Thank you!
Thank you! Contact Johan Dernmar Chief Investor Relations Officer +4610-470 95 20 johan.dernmar@dios.se