Sweden · Delayed Price · Currency is SEK Diös Fastigheter AB Earnings Call Transcripts
Fiscal Year 2026
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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 operations with 10% growth in property management income, a major SEK 1.6 billion Umeå acquisition, and a resilient rental market despite global uncertainty. Financial metrics improved, and the company plans SEK 500 million in divestments to balance leverage.
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 stable income despite major divestments. Like-for-like rental growth was robust, and the company shifted focus to growth with new acquisitions, while maintaining prudent financial management and a positive long-term outlook.
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Q2 2024 saw 2% revenue growth and strong rental demand, despite SEK 1.4 billion in asset disposals. Financial metrics improved, with LTV at 53.4% and ICR above 2x, while the company targets further growth and selective acquisitions amid a robust Northern Sweden market.