Balder falls after Q2 results as weak office occupancy weighs

Fastighets AB Balder

14/07/2026 09:26

** Sweden's Balder BALDb.ST slips 4% as weak office occupancy, elevated leverage, and soft organic growth weighed on the real estate firm's Q2 results
** Jefferies says leverage remains elevated with loan-to-value at 50.4% on Q2, slightly above management's 50% target
** The broker says that like-for-like rental growth for H1 was "soft" at 1.2%   
** However, underlying earnings growth is "cleaner" than the reported decline suggests, the broker adds
** The stock is among bottom performers on pan-European STOXX 600 .STOX index

 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))