Sveafastigheter Ab · OMXSTO:SVEAF
Sveafastigheter Ab — Q2 2025 Earnings Presentation
17 slides from Sveafastigheter Ab's earnings presentation, Aug 20, 2025
Slide 1: Interim Report 1 January-30 June 2025
e Sveafastigheter INTERIM REPORT 1 JANUARY-30 JUNE 2025
Slide 2: Presenting today
Presenting today Erik Hävermark CEO 2 2
Slide 3: Sweden's largest listed pure-play residential company
Sweden’s largest listed pure-play residential company 3 3
Slide 4: Our vision is to be Sweden's leading residential real estate company
Our vision is to be Sweden’s leading residential real estate company Our mission is to manage and develop homes for more people, where current and future generations can thrive and feel safe
Slide 5: First 12 months as a company
First 12 months as a company won award List change to Kundkristallen Nasdaq Stockholm IPO, Nasdaq Stockholm Establishment of MTN program and 100% Green financing framework of the properties managed internal Issuing of the first Sveafastigheter is green bond formed Received Investment grade rating of
Slide 6: Increased profit and growth
Increased profit and growth FINANCIAL HIGHLIGHTS, APRIL – JUNE 2025 (SEK) Rental income Net operating Profit from property Changes in property Profit/loss for the income management1) values2) period1),3) 383m 269m 97m -137m -155m +13.0% + 19.4% 1) Non-recurring costs of -14m 6 2) 268m invested 6 3)
Slide 7: Delivering on strategy by improving net operating margin
Delivering on strategy by improving net operating margin RENTAL INCOME (mSEK) NET OPERATING INCOME (mSEK) 759 487 392 652 +5.3% +9.3% like-for-like like-for-like Jan-Jun 2024 Jan-Jun 2025 Jan-Jun 2024 Jan-Jun 2025 NET OPERATING INCOME MARGIN incl PROPERTY NET OPERATING INCOME MARGIN, LTM (%) ADMINIS
Slide 8: Delivering on strategy through upgrades and occupancy
Delivering on strategy through upgrades and occupancy APARTMENT UPGRADES (# OF APARTMENTS) OCCUPANCY RATE (%) 95.0 64 94.9 55 94.7 94.6 94.3 23 22 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 COMPLETED AND STARTED NEW CONSTRUCTION ADMINISTRATION (mSEK) (# OF APARTMENTS) Co
Slide 9: Continued focus on sustainability
Continued focus on sustainability HIGHLIGHTS • SEK 15m invested in profitable energy projects • Continued implementing AI control in the properties to optimize temperature • Income requirement removed from the rental policy for 40% of portfolio • Summer jobs were given to 50 young people between 16
Slide 10: Properties under management
Properties under management HIGHLIGHTS • Acquired two properties in Stockholm with agreed property value of SEK 230m. The properties comprise 137 apartments with an annual rental value of SEK 16.2m. • 64 apartments have been renovated during the quarter. 15,094 SEK 25.4bn SEK 1.6bn Apartments Proper
Slide 11: Properties under construction
Properties under construction • Sveafastigheter started construction of the Gamla Landsvägen project in Nacka. Project encompasses 87 apartments that are expected to be completed in the second quarter of 2027. • Sveafastigheter has completed the final phases of projects Barnmorskan in Umeå and Julle
Slide 12: Properties in project development and building rights
Properties in project development and building rights • During the quarter, one rental and one condominium project comprising a total of 260 apartments in Tyresö Municipality were removed from the portfolio due to interruption of detailed planning work. • The rental projects are expected to generate
Slide 13: Earnings capacity
Earnings capacity Properties under Ongoing Amount in mSEK management construction* Total COMMENTS Rental value 1,639 48 1,687 Vacancy -81 -0 -82 • Other income relates to external Rental income 1,557 48 1,605 property management agreement Property expenses -512 -7 -519 Net operating income 1,045 41
Slide 14: Solid financial structure
Solid financial structure • During the quarter Sveafastigheter established MTN-program and Green Bond Framework • In the beginning of June issued green bonds totaling SEK 1,200m and after the quarter a tap issue totaling SEK 500m. • Sveafastigheter was assigned investment grade rating BBB- with Posi
Slide 15: Key highlights
Key highlights Strong growth – Total net operating income increased 24.3% and like-for-like 9.3% during the period Improved profit from property management to SEK 97m, despite non-recurring costs Improved occupancy rate – increased by 0.7 percentage points since Sveafastigheter was established 12 mo
Slide 16: Q&A
Q&A 16
Slide 17: ir@sveafastigheter.se
a Sveafastigheter ir@sveafastigheter.se