Sweden's Wallenstam nine-month profit rises on wind divestment

Wallenstam AB

15/10/2026 07:12

Overview
Sweden property firm's nine-month rental income and profit after tax both rose yr/yr
Company divested all wind turbines, securing renewable electricity supply for properties
Company increased interest rate hedging and reduced average interest rate to 2.46%

Outlook
Company did not provide specific financial guidance for the current or coming periods

Result Drivers
WIND TURBINE DIVESTMENT - Co divested all wind turbines, securing renewable electricity supply for properties, per CEO Hans Wallenstam
INTEREST RATE HEDGING - Co increased interest rate hedging and reduced average interest rate to 2.46%, per CEO Hans Wallenstam

Company press release: ID:nWkr4nDkGf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Rental Income
 
SEK 2.35 bln
 
9M Profit after tax
 
SEK 1.62 bln
 
9M Income From Property Management
 
SEK 1.01 bln
 
9M Net Asset Value Per Share
 
SEK 65
 
9M Pretax Profit
 
SEK 1.95 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Wallenstam AB is SEK42.00, about 19.2% above its October 14 closing price of SEK35.24
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Oct 15 - Sweden's Emilshus posts higher profit on stable occupancy; hikes forecast, to start paying dividend
Oct 14 - Sweden's SEB must hold more capital, shares fall 4%
Oct 14 - Sweden's Avarda Bank Q3 loans climb 20%, profit up 29%

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)