Sweden's Emilshus posts higher profit on stable occupancy; hikes forecast, to start paying dividend

Overview

• Sweden commercial property manager's Q3 rental income rose 25% yr/yr

• Profit from property management for Q3 grew 18% yr/yr

• Company raised full-year profit from property management forecast

Outlook

• Company raises 2026 profit from property management forecast to SEK 500 mln from SEK 495 mln

• Company adopts new dividend policy to distribute about 25% of profit from property management; has not previously distributed dividends

• Company sees potential for continued growth through selective property acquisitions

Result Drivers

• HIGH OCCUPANCY - Co said stable occupancy rate of 95% supported rental income and property management profit

• PROPERTY ACQUISITIONS - Co said acquisitions of fully leased light industry properties contributed to rental income growth

• PROPERTY MANAGEMENT EXPANSION - Co said expanded property management organization supported growth

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)