Tingsvalvet Fastighets (TINGS) Q2 2025 earnings summary

Executive summary

• Achieved a 37.2% increase in management profit to 29.7 MSEK for H1 2025, driven by a larger property portfolio and higher occupancy rates.

• Net profit for the period rose to 62.4 MSEK (23.4), with earnings per share up 31% to 1.01 SEK.

• Economic occupancy rate reached 98.2%, with the largest property concentrations in Karlstad and Eskilstuna.

• Completed acquisitions of three properties for 297 MSEK, raising total property value to 2.7 BSEK.

Financial highlights

• Revenue for H1 2025 increased by 32.2% to 100.2 MSEK (75.8).

• Operating surplus rose 32.9% to 80.2 MSEK (60.3).

• Management profit per share up 30.5% to 1.01 SEK (0.77).

• Net profit after tax was 62.4 MSEK (23.4), or 2.90 SEK per share (0.91).

• Long-term net asset value per share increased to 46.33 SEK (41.08).

Outlook and guidance

• Access to capital is highlighted as the most critical factor for continued growth.

• The company sees business opportunities in the coming year due to its opportunistic strategy.