Intea Fastigheter (INTEA) Q1 2026 earnings summary

Executive summary

• Rental income increased by 28.1% year-over-year to SEK 456m, with profit from property management up 33.3% to SEK 264m and net profit after tax at SEK 470m.

• Completed significant acquisitions, including a fully leased government property in Uppsala and a police station in Stockholm, expanding the portfolio and increasing contracted annual rental value.

• Issued SEK 1.3bn in green bonds and repurchased SEK 644m in bonds, strengthening the capital structure.

• Investments in existing properties totaled SEK 279m, with total acquisitions and project investments exceeding SEK 700m.

• Property value at period-end was SEK 28.7bn.

Financial highlights

• Rental income rose to SEK 456m from SEK 356m year-over-year (+28.1%).

• Surplus ratio remained high at 81.1% (vs. 82.6% prior year).

• Profit from property management increased 33.3% to SEK 264m.

• Profit after tax reached SEK 470m, up from SEK 310m year-over-year.

• Economic occupancy rate was 98.8%, and direct yield was 5.8%.

Outlook and guidance

• Continued positive market perception and strong financial position support future growth through both existing portfolio and new acquisitions.

• Ongoing and planned projects, including expansions and new developments, are expected to add significant rental value and NOI in coming years.