Sweden's Wallenstam reports 11% rise in property income

Wallenstam AB

05/02/2026 07:09

Overview

Sweden property firm's rental income rose yr/yr

Income from property management increased 11% yr/yr

Net asset value per share increased to SEK 62.10

Outlook

Company aims for long-term net asset value per share of SEK 80

Wallenstam continues energy optimization projects and property development

Company sees continued decrease in average interest rate

Result Drivers

RENTAL INCOME - Rental income increased to SEK 3,077 mln from SEK 2,922 mln, contributing to overall revenue growth

PROPERTY VALUE INCREASE - Changes in value of investment properties amounted to SEK 1,699 mln, up from SEK 388 mln, boosting profitability

INTEREST RATE MANAGEMENT - CEO cited falling average interest rate due to hedging and extending fixed interest terms

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental Income
SEK 3.08 bln
FY Profit after tax
SEK 2.56 bln
FY Income From Property Management
SEK 1.28 bln
FY Net Asset Value Per Share
SEK 62.10
FY Pretax Profit
SEK 2.76 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 SEK45.00, about 10.8% above its February 4 closing price of SEK40.60

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nWkr37Xl2b

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(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.)