Agat Ejendomme (AGAT) Q1 2026 earnings summary

Executive summary

• Result before value adjustments and tax for Q1 2026/27 was DKK 1.1m, down from DKK 1.4m year-over-year.

• Net rental income rose to DKK 11.2m from DKK 10.7m year-over-year.

• Period profit was DKK 2.2m, compared to DKK 2.4m in the same period last year.

• A conditional agreement was signed in May 2026 to acquire CapMan's 65% stake in BROEN Shopping A/S, pending financing.

• The company continues its strategic transformation to focus on Danish shopping centers and divest remaining non-core assets.

Financial highlights

• Revenue for Q1 2026/27 was DKK 18.0m, nearly flat from DKK 18.1m year-over-year.

• EBIT was DKK 5.9m, up from DKK 4.4m year-over-year.

• Net financial expenses increased to DKK 3.7m from DKK 2.0m due to a shift from fixed to variable interest rates.

• Total assets as of April 30, 2026, were DKK 763.6m; equity was DKK 269.2m, with an equity ratio of 35.3%.

• Net interest-bearing debt stood at DKK 379.6m at quarter-end.

Outlook and guidance

• FY 2026/27 guidance: result before value adjustments and tax expected at DKK 1–4m.

• Expected result before value adjustments and tax from property portfolio: DKK 8–10m; from residual activities: DKK -7 to -6m.

• Revenue for the year is expected in the DKK 70–80m range.