Stenhus Fastigheter I Norden Ab · OMXSTO:SFAST
Stenhus Fastigheter I Norden Ab — Q2 2026 Earnings Presentation
24 slides from Stenhus Fastigheter I Norden Ab's earnings presentation, 2026
Slide 1: Q2 2026 Highlights & Key Takeaways
Q2 2026 Highlights & Key Takeaways
Slide 2: Table of contents
Table of contents 1. Summary of the Q2 2026 report 2. Intruduction to Stenhus Fastigheter 3. The property Portfolio 4. Financial Information 5. Calendar & Contact Details Key contacts Elias Georgiadis Mikael Nicander Tomas Georgiadis Linda Strauss CEO & Board member Deputy CEO CFO Deputy CFO 2 Q2 20
Slide 3: 1. Summary of the Q2 2026 report
1. Summary of the Q2 2026 report
Slide 4: Summary of the Q2 2026 report
Summary of the Q2 2026 report Key takeaways Significant events during the quarter Significant events after the quarter • Record financial performance for Q2 • The Annual General Meeting held on 21 May 2026 • No significant events have occurred subsequent to the Stenhus Fastigheter delivered the stro
Slide 5: The period January – June 2026
The period January – June 2026 The period January - June 2026 Earnings Market value NOI1 Economic Rental duration Rental income1 capacity1 of property Lettable area occupancy rate portfolio 1 030 467 823 94.7 895 503 6.1 SEK m SEK m SEK m 13 855 sqm years % SEK m Operating EPRA NRV Rating NCR ICR LT
Slide 6: Highlights of the Period
Highlights of the Period Highlights of the Period Profit from property management (SEKm) Property management earnings per share (SEK)* Return on equity (ROE), % 130 0.34 • Rental income amounted to SEK 520.0 (507.4) 14 120 0.32 million. On average, approximately 94 percent 12 of the base rent volume
Slide 7: 2. Introduction to Stenhus Fastigheter
2. Introduction to Stenhus Fastigheter
Slide 8: Long-term strategy supported by a value-creating business model
Long-term strategy supported by a value-creating business model Business model and strategy Stenhus’ investment strategy is anchored in the business model with a focus on cash flow and long lease terms. All acquisitions should be done to uphold long-term stability and a diverse property portfolio.
Slide 9: Company Snapshot
Company Snapshot Stenhus Fastigheter’s targets Geographical footprint, % of portfolio value Largest shareholder 2026-06-30 2026-06-30 Number of Market value per region Shareholder shares Percent Stockholm 34% Sterner Stenhus Holding AB 97 698 818 29.2 West 34% Fastighets AB Balder 90 757 639 27.1 12
Slide 10: Historical development
Historical development Historical development of Stenhus Fastigheter Economic value distributed and retained, % of revenue 13.9 13.7 13.9 13.7 13.8 13.9 13.6 13.4 13.5 13.4 13.0 13.0 13.2 Operating expenses Lenders Shareholders Change in EPRA NTA with dividends added back Employees including the Pub
Slide 11: Sustainability efforts
Sustainability efforts Sustainability efforts are based on the UN Sustainable Development Goals STENHUS VALUE CHAIN ION FOR EAT FU Environmental efficiency Business ethics CR – Renewable energy – Anti-corruption UE TU LE VAL RE – Energy efficiency – Code of Conduct G E N ERA – Sustainability certifi
Slide 12: 3. The property portfolio
i \MREEERE, \EREELER, 3. The property portfolio
Slide 13: Critical mass of high quality assets in strong property markets
Critical mass of high quality assets in strong property markets 138 properties with a total market value of SEK 13 855 m Rental income Economic rental rate Market value per segment Rental income per segment Economic rental rate, % Light industrial/logistics 57% Light industrial/logistics 59% Rented
Slide 14: Diversified tenants and solid WAULT of 6.1 years
Diversified tenants and solid WAULT of 6.1 years Top 15 largest tenants, rental income1 , accounted for 43.9% of rental income Lease maturity structure by rental income1 Number of Wault, Annual rent Tenant Area, sq.m contracts2 year Number of Bilia AB 43 504 13 7.6 Maturity year Area, sq.m contracts
Slide 15: Selected properties
Selected properties Tyresö Forellen 19 Stockholm Ivalo 1 Botkyrka Samariten 1 Fanfaren 5 Norrtälje Vattumannen 2,3 &4 Västerås Finnslätten 6 Pagen 4 Moga 1:133 Tibro Hammaren 1 Skövde Personbilen 1 Kungsbacka Hede 3:122 Köpmannen 7 15 Q2 2026 Presentation
Slide 16: Selected projects
Selected projects Stenhus continuously work to identify development opportunities and unused building rights within the stock in order to create additional value and facilitate long-term contractual relationships Fjärilen 22 Skiftinge 1:5 City: Södertälje Segment: Office City: Eskilstuna Segment: In
Slide 17: 4. Financial Information
4. Financial Information
Slide 18: Financial information
Financial information Consolidated income statement Rental income and EBITDA, reported (MSEK) Rolling Rental income, reported EBITDA, reported 2026 2025 2026 2025 12 month 2025 April- April- Jan- Jan- July 2025- Jan- Amount in SEK thousand June June June June June 2026 Dec 265 268 271 263 258 257 25
Slide 19: Group balance sheet and consolidated cash flow
Group balance sheet Equity and Liabilities Amount in SEK thousand 2026-06-30 2025-06-30 2025-12-31 (SEKt) 2026-06-30 2025-06-30 2025-12-31 Share capital 374 754 371 779 371 779 Assets Other capital contributions 4 937 973 4 937 973 4 937 973 Investment properties 13 854 902 13 355 790 13 704 255 Ret
Slide 20: Capital Structure & Financial Metrics
Capital Structure & Financial Metrics Interest coverage ratio Debt maturity structure (MSEK) ¹ 2,4x 2,4x 2,2x 2,2x 2,2x 5 373 (67%) 2,1x 2,1x 2,0x 1,9x 1,9x 1,8x 1,8x 1,8x Target of ICR above 2.2x 2 048 (26%) 495 (6%) Jan 2023 – Jan 2023 – Jan 2023 – Jan 2024 – Jan 2024 – Jan 2024 – Jan 2024 – Jan 2
Slide 21: Earning capacity
Earning capacity Snapshot of long-term earning capacity, SEK m Earning capacity long term as of Q2 2026 Per Juni 30 Project Agreed/divested Agreed/taken into Long-term 1 079 -49 1 030 -207 2026 after the end of possession after the the quarter end of the quarter 823 -62 24 -317 Adjusted rental value
Slide 22: 5. Calendar and Contact details
5. Calendar and Contact details
Slide 23: Calendar and Contact details
Calendar and Contact details Calendar Contact details CEO & Board member Company Elias Georgiadis Stenhus Fastigheter i Norden AB (publ) Interim report Phone: +46 707 96 13 34 Visiting address: Year-end Report Annual Report Email: elias.georgiadis@stenhusfastigheter.se Stambanegatan 17 Q3 February 2
Slide 24: Q2 2026 Presentation
24 Q2 2026 Presentation
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