Sweden · Delayed Price · Currency is SEK Diös Fastigheter AB Earnings Call Transcripts
Fiscal Year 2026
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Stable Q2 2026 performance with SEK 667 million rental income, 90% occupancy, and positive net letting of SEK 10 million. Strong leasing activity, disciplined cost management, and robust demand for modern premises support continued growth and value creation.
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Stable Q1 2026 performance with SEK 15 million net letting, 90% occupancy, and resilient property values. Strong cash flow, disciplined capital allocation, and robust demand in central locations support continued growth despite macro uncertainty.
Fiscal Year 2025
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Strong Q4 growth in property management income, stable occupancy, and robust cash flows enabled a share buyback program and strategic divestments. Focus remains on centrally located assets and disciplined capital allocation, supporting a 10% annual growth ambition.
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Rental income grew 5% year-over-year with stable 90% occupancy, supported by strong leasing in central locations and divestments at or above book value. New financial targets aim for 10% annual growth in property management income and EPRA NRV per share. Recovery in occupancy is expected to take a few more quarters.
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Q2 2025 saw 12% growth in property management income, strong refinancing, and active asset rotation. Occupancy and rental income remain stable, with positive outlook for H2 as vacancies are expected to decline and rental growth to continue.
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Q1 2025 saw stable operational results with 10% growth in property management income and a major SEK 1.6 billion Umeå acquisition. Lower interest rates, resilient rental markets, and a focus on asset rotation and prudent financing support continued growth.
Fiscal Year 2024
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Q4 saw stable results with 1.6% like-for-like rental growth, 91% occupancy, and positive net letting. Dividend policy was updated to support growth, and property values remained stable as the company focused on prime office assets in northern Sweden.
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Business activity and net letting remained strong, with robust rental growth and stable property values despite significant divestments. The outlook is positive, supported by major regional investments and a strong market for office space, though short-term challenges include lease terminations and higher utility costs.
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Q2 2024 saw 2% revenue growth and strong rental increases, despite SEK 1.4 billion in asset disposals. Financial metrics improved, with LTV at 53.4% and robust cash flow supporting future growth. The outlook is positive, driven by green transition investments and active market conditions.