Stendoerren Fastigheter Ab Class B · OMXSTO:STEF_B
Stendoerren Fastigheter Ab Class B — Stendörren Fastigheter — Q3 2026 Earnings Presentation
30 slides from Stendoerren Fastigheter Ab Class B's earnings presentation, Oct 23, 2026
Slide 1: Interim Report January–September 2026
3 INTERIM REPORT JANUARY–SEPTEMBER 2026 26 The picture shows the building on Viby 19:66 in Brunna, Upplands-Bro, which was completed during the quarter.
Slide 2: Content
Content Introduction Business description Financial information Other information The recently completed logistics property Fotocellen 5 in Högdalen, Stockholm. INTRODUCTION FINANCIAL INFORMATION This is Stendörren 3 Consolidated statement The period in brief 4 of comprehensive income 18 CEO’s state
Slide 3: Stendörren manages, develops and acquires properties that make a difference
This is Stendörren Introduction Business description Financial information Other information STENDÖRREN MANAGES, DEVELOPS AND ACQUIRES PROPERTIES THAT MAKE A DIFFERENCE Stendörren Fastigheter AB (publ) is an expansive property company in logistics, warehouse and light industrial in Nordic growth reg
Slide 4: The period in brief
Introduction Business description Financial information Other information THE PERIOD IN BRIEF JANUARY–SEPTEMBER 2026 JULY–SEPTEMBER 2026 Key ratios • Rental income increased by 19 percent to SEK 916 • Rental income increased by 19 percent to SEK 314 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 million (77
Slide 5: Significant events
The period in brief Introduction Business description Financial information Other information SIGNIFICANT EVENTS Almnäs 5:23, Stockholm Syd in Södertälje. DURING THE THIRD QUARTER In July, Stendörren signed a 15-year lease In September, Stendörren signed a three-year agreement with a publicly owned
Slide 6: Continued positive net lettings and high activity in project development
CEO’s statement Introduction Business description Financial information Other information CONTINUED POSITIVE NET LETTINGS AND HIGH ACTIVITY IN PROJECT DEVELOPMENT Net lettings amounted to SEK 6 million in the third High demand from public tenants quarter, which means that we report positive net lett
Slide 7: CEO's statement (continued)
CEO’s statement Introduction Business description Financial information Other information in production. After completion and leasing, the ongoing relatively large number of larger portfolios in our increase in Ibor as of 30 September 2026, pro forma, projects are expected to generate an annual net
Slide 8: Targets and outcome
Introduction Business description Financial information Other information TARGETS AND OUTCOME FINANCIAL TARGETS Growth in income from property management Return on equity Interest coverage ratio Equity ratio per share Target: >15% Target: >12% Target: >2.0x Target: 35% Outcome: 22% (20% including no
Slide 9: Sustainability targets
Targets and outcome Introduction Business description Financial information Other information SUSTAINABILITY TARGETS Energy intensity Emissions intensity, new construction (Scope 3) eNPS EPC A or B Target 2040: 50 kWh/sqm Target 2030: –40% Target: 40 eNPS points Target 2030: 50% Outcome: 65 kWh/sqm
Slide 10: Property portfolio
Introduction Business description Financial information Other information PROPERTY PORTFOLIO Property portfolio September 30 losses due to bankruptcies is mitigated by tenant diver- As of September 30, 2026, the property portfolio sification, whereby 66 percent of the portfolio is let to at Almnäs 5
Slide 11: Property portfolio: largest tenants
Property portfolio Introduction Business description Financial information Other information Approximately 55 percent of Stendörren’s total rental medium-sized companies to large multinational busi- on the reporting date and may vary depending on tem- income comes from properties located in the Stoc
Slide 12: Project portfolio
Introduction Business description Financial information Other information PROJECT PORTFOLIO As of September 30, 2026, Stendörren owned a total imately SEK 10 million relates to recently completed of 41 properties wholly or partly consisting of building projects or projects with completion within one
Slide 13: Ongoing projects
Project portfolio Introduction Business description Financial information Other information Ongoing projects The company has several ongoing projects with an permit was obtained for an industrial building intended investment volume exceeding SEK 25 million. These for use as a data center, comprising
Slide 14: Future projects
Project portfolio Introduction Business description Financial information Other information Future projects Stendörren’s development of building rights and project Stendörren is currently working on a new zoning plan properties is primarily customer-driven. The focus is for residential use in Sollen
Slide 15: Sustainability focusing on five areas
Stendörren’s sustainability work Introduction Business description Financial information Other information SUSTAINABILITY FOCUSING ON FIVE AREAS Targets within our focus areas have been updated to reflect the Stendörren’s focus areas are based on the themes of environment, social responsibility, and
Slide 16: Property valuation
Introduction Business description Financial information Other information PROPERTY VALUATION Each quarter, Stendörren performs a fair value assessment of the entire property portfolio. On average approximately 20–30 percent of the portfolio is valued by external valuation firms Sensitivity analysis
Slide 17: Financing
Introduction Business description Financial information Other information FINANCING As of September 30, 2026, the average time to matu- est-hedged. Stendörren also has forward starting inter- December 12, 2027, and has an interest-rate of Stibor Interest and loan maturities for all interest-bearing
Slide 18: Consolidated statement of comprehensive income
Group Introduction Business description Financial information Other information CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Jan–Sep Jan–Sep Jul–Sep Jul–Sep Jan–Dec Result Net financial items SEK million 2026 2025 2026 2025 2025 Compared to January–September 2025, Stendörren Financial income durin
Slide 19: Consolidated statement of financial position
Group Introduction Business description Financial information Other information CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS EQUITY AND LIABILITIES Non-current assets Equity 6,815 5,819 5,833 Intan
Slide 20: Consolidated changes in equity
Group Introduction Business description Financial information Other information CONSOLIDATED CHANGES IN EQUITY Retained earnings Total equity As of September 30, 2026, the Group’s equity amounted Share Other capital Translation including profit attributable to the to SEK 6,815 million (5,819). SEK m
Slide 21: Consolidated statement of cash flows
Group Introduction Business description Financial information Other information CONSOLIDATED STATEMENT OF CASH FLOWS Jan–Sep Jan–Sep Jul–Sep Jul–Sep Jan–Dec SEK million 2026 2025 2026 2025 2025 Cash flow from operating activities Income from property management after exchange rate changes 418 259 15
Slide 22: Parent Company income statement
Parent Company Introduction Business description Financial information Other information PARENT COMPANY INCOME STATEMENT Jan–Sep Jan–Sep Jul–Sep Jul–Sep Jan–Dec Operations in the Parent Company consist of man- SEK million 2026 2025 2026 2025 2025 agement functions for all of the Group’s companies Ne
Slide 23: Parent Company balance sheet
Parent Company Introduction Business description Financial information Other information PARENT COMPANY BALANCE SHEET SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS EQUITY AND LIABILITIES Non-current assets Equity 2,441 2,001 1,997 Intangible a
Slide 24: Key ratios
Introduction Business description Financial information Other information KEY RATIOS Jan–Sep Jan–Sep Jan–Dec Jan–Sep Jan–Sep Jan–Dec 2026 2025 2025 2026 2025 2025 PROPERTY-RELATED STOCK RELATED Lettable area, thousand sqm 1,005 891 922 Market capitalization, SEK million 5,158 6,407 6,586 No. of prop
Slide 25: Other information
Introduction Business description Financial information Other information OTHER INFORMATION The share Related party transactions a risk that the company’s lenders do not extend credit bility and transparency in companies’ financial reporting Stendörren’s Class B share is listed on Nasdaq Stock- Duri
Slide 26: The Board of Directors and the CEO's assurance
Introduction Business description Financial information Other information THE BOARD OF DIRECTORS AND THE CEO’s ASSURANCE The Board of Directors and the CEO assure that the report provides a fair overview of the Parent Company and the Group’s operations, financial position and results and describes t
Slide 27: Audit review report
Introduction Business description Financial information Other information AUDIT REVIEW REPORT Introduction Conclusion We have reviewed the condensed interim report for Stendörren Based on our review, nothing has come to our attention that Fastigheter AB (publ) as of 30 September 2026 and for the nin
Slide 28: Assessed earnings capacity
Introduction Business description Financial information Other information ASSESSED EARNINGS CAPACITY 1) According to the company’s assessment, the total Ongoing and recently completed projects that have not annual rental income (after deductions for vacancies yet generated full revenue are expected,
Slide 29: Definitions
Introduction Business description Financial information Other information DEFINITIONS The European Securities and Markets Authority (ESMA) has issued guidelines for the use of Alternative Performance Measures, (APMs) related to companies with securities that are listed on a regulated market. The gui
Slide 30: For more information, please contact
STENDÖRREN.SE FOR MORE INFORMATION, PLEASE CONTACT: Erik Ranje Per-Henrik Karlsson CEO CFO [email protected] [email protected] +46 8 518 331 00 +46 8 518 331 00
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