Logistea (LOGI) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 performance with SEK 1.3 billion in Nordic property acquisitions and strong leasing, driving revenue up 21% to SEK 301 million and net operating income up 23% to SEK 266 million.

• Profit from property management increased 29% to SEK 148 million, and profit before tax more than doubled, supported by SEK 197 million in property value gains.

• Portfolio value reached SEK 17.4 billion, with a 97% occupancy rate and average lease duration of 9.1 years.

• Cash balance at quarter-end was SEK 574 million, supporting future acquisitions and developments.

• The Board proposed converting all remaining Class A shares to Class B, unifying share classes.

Financial highlights

• Revenue rose to SEK 301 million, up from SEK 248 million year-over-year and SEK 285 million sequentially.

• Net operating income increased to SEK 266 million from SEK 216 million year-over-year.

• Income from property management reached SEK 148 million, up 29% year-over-year.

• Property value increased to SEK 17.4 billion, up from SEK 13.5 billion a year earlier.

• Profit after tax more than doubled to SEK 333 million from SEK 154 million year-over-year.

Outlook and guidance

• Positioned for continued growth through acquisitions, developments, and investments, with a cash balance near SEK 574 million.

• Management targets at least 15% annual growth in profit from property management and net asset value per share over five years.

• Ongoing ESG commitment and focus on value-creative acquisitions and positive net letting.