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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Rental Income

SEK 286 mln

Q3 Net Income

SEK 147 mln

Q3 Operating Cash Flow

SEK 124 mln

Q3 Profit From Property Management

SEK 133 mln


Reuters Recommended Reads

  • Oct 13 - UK's Bellway FY revenue slightly beats estimates; announces buyback

  • Oct 13 - UK's Whitbread H1 revenue rises on accommodation sales

  • Oct 14 - Sweden's SEB must hold more capital, shares fall 4%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.