Nivika Fastigheter (NIVI) Q1 2026 earnings summary

Executive summary

• Achieved strong year-over-year growth in property value, rental income, and number of properties, with revenue rising 16% to SEK 220 million and net operating income up 14% to SEK 146 million.

• Maintained high occupancy rates, with commercial at 95% and residential at 98%, and continued expansion through acquisitions exceeding SEK 290 million.

• Focused on sustainability, with a significant and growing portion of the portfolio classified as green, now at 47% of portfolio value.

• Strategic focus on acquiring high-yielding commercial properties and optimizing the existing portfolio.

• Profit for the period doubled to SEK 124 million, and earnings per share increased to SEK 1.30.

Financial highlights

• Rental income increased 16% to SEK 208 million compared to Q1 2025, with total revenue at SEK 220 million.

• Operating surplus/net operating income rose 14% to SEK 146 million year-over-year.

• Management result/profit from property management grew to SEK 62 million from SEK 52 million.

• Net profit before tax reached SEK 175 million, with profit for the period at SEK 124 million.

• Investments and acquisitions totaled over SEK 400 million in the quarter.

Outlook and guidance

• Continued focus on management result, cash flow per share, and acquiring high-yield commercial properties.

• Ongoing negotiations for new leases and further property acquisitions in key regions.

• Plans to divest low-yield assets and invest in value-creating projects, especially energy optimization.

• Projects in production are progressing as planned, expected to enhance future earnings.

• Strategy aims to improve key financial metrics and shareholder value.