Dios Fastigheter Ab · OMXSTO:DIOS
Dios Fastigheter Ab — Q3 2026 Earnings Presentation
15 slides from Dios Fastigheter Ab's earnings presentation, Oct 23, 2026
Slide 1: Q3 2026 Interim report Jan-Sept
Q3 2026 Interim report Jan-Sept 1 2025-02-14 │ Q4 2024 Earnings call
Slide 2: Growth through investments
Intro Operation Portfolio Financing Outlook Growth through investments Summary July – September 2026 • Rental income was SEK 652m vs SEK 666m in 3Q25. Like-for-like rental growth was 1.6% Operational • Surplus ratio was 74% in 3Q26, unchanged from 3Q25 1 development • Economic occupancy was 89% in 3
Slide 3: Investments strengthen property values
Intro Operation Portfolio Financing Outlook Investments strengthen property values SEKm 2026 2025 RTM 2025 ∆% Jul-Sep Jul-Sep Oct-Sep Jan-Dec 1 • Property sales reduced rental income Total income 1 652 666 -2 2,651 2,662 • Like-for-like rental growth was 1.6% 2 • Property costs fell 5% to SEK 173m P
Slide 4: Stable revenue base
Intro Operation Portfolio Financing Outlook Stable revenue base Rental value, type of premises Rental growth 2%5% 1.6% 7% Office Like-for-like rental growth 666 7% Retail 10 652 9% 58% Hotel/ restaurants Residential 7 95% (3) Commercial lease contracts have CPI- (28) 12% Health care/ education linke
Slide 5: Positive net letting
Intro Operation Portfolio Financing Outlook Positive net letting • Net letting was SEK 4m in 3Q26 and SEK 29m in Jan–Sep • 6 of the 10 largest tenants operate in the public sector • Strong September leasing offset the quieter summer months • The ten largest account for 21% of annual contract value •
Slide 6: Asset rotation creates growth opportunities
Intro Operation Portfolio Financing Outlook Asset rotation creates growth opportunities Valuation yield SEKm No of properties 6,50% Property portfolio, 1 Jan 32,545 315 6,00% Acquisitions 69 1 5,50% Investments in new builds, extensions and 5,00% 787 conversions 4,50% Divestments -654 -11 4,00% Unre
Slide 7: Sensible investment criteria form basis for accretive growth
Intro Operation Portfolio Financing Outlook Sensible investment criteria form basis for accretive growth CAPEX 1 800 1 600 • Pick-up in investment of tenant adaptation at accretive YoC 1 400 1 200 • Major projects are built with no speculation 1 000 SEKm • All new projects are built according to BRE
Slide 8: Debt maturity and financing
Intro Operation Portfolio Financing Outlook Debt maturity and financing Financing sources • Green unsecured bonds issued at historically low margins • Debt maturity of 2.6 years and fixed rate maturity of 2.0 years 18% Bank loan • 75% of debt hedged at an average interest rate of 3.9% SFF bond • Liq
Slide 9: Conservative balance sheet approach
Intro Operation Portfolio Financing Outlook Conservative balance sheet approach Loan-to-value <55%* Net debt / EBITDA Interest cover ratio ≥2.0 70 Covenant <65% 13 7,0 65 12 6,5 60 11 6,0 Target <55%* 55 10 5,5 50 9 5,0 45 4,5 8 40 4,0 7 35 3,5 6 30 3,0 5 Target >2.0x 25 2,5 20 4 2,0 3 Covenant >1.5
Slide 10: Great conditions for economic growth
Intro Operation Portfolio Financing Outlook Great conditions for economic growth • Hydropower • Green steel production • Windpower • Electro fuel • Available land • Forestry • Cold climate • Data centres • Solid governing structure • Military investments 2026-10-23 │Q3 2026 Earnings call 10 Source:
Slide 11: Investments
Intro Operation Portfolio Financing Outlook Investments Frösö 3:10, Östersund 71 Region Jämtland Härjedalen Healthcare centre SEK m 3,567 sqm, 15-year lease Investment Planned move-in: August 2027 ~8.0% YoC Biet 9, Luleå 109 County Administrative Board of Norrbotten SEK m Office refurbishment, Inves
Slide 12: Strategies for profitable growth
Intro Operation Portfolio Financing Outlook Strategies for profitable growth Which properties should we own? Optimize revenue and costs What should we invest in and where? Portfolio Leasing and property Investment strategy management strategy strategy 2026-10-23 │Q3 2026 Earnings call 12
Slide 13: Q&A
Q&A 13 2025-02-14 │ Q4 2024 Earnings call
Slide 14: Speakers
Speakers David Carlsson, CEO Rolf Larsson, CFO Johan Dernmar, CIRO CEO since 2025 CFO since 2005 Chief Investor Relations Shareholdings 28,500 Shareholdings 18,500 Officer since 2023 (in the company since 2015) Shareholdings 12,750 2026-10-23 │2026-10-23 │Q3 2026 Earnings call 14
Slide 15: Thank you!
Thank you! Contact Johan Dernmar Chief Investor Relations Officer +4610-470 95 20 [email protected]