Vasakronan’s interim report January-March 2026

• Rental revenue amounted to SEK 2,369 million (2,331). In comparable property holdings, rental revenue was unchanged.
• New lettings corresponding to 36,000 square metres (35,000) and annual rent of SEK 218 million (131) were contracted. Net lettings amounted to SEK 5 million (negative: 18).
• The occupancy rate was for the total portfolio was 87.7%, which was unchanged compared with the end of 2025.
• Operating surplus amounted to SEK 1,705 million (1,700). For comparable property holdings, the decrease was 2%.
• Net interest amounted to an expense of SEK 467 million (expense: 450). The increase was primarily due to higher interest-bearing liabilities.
• The interest coverage ratio amounted to a multiple of 3.5 (3.6).
• Income from property management amounted to SEK 1,146 million (1,155).
• The change in value of investment properties amounted to an increase of SEK 433 million (decrease: 914), corresponding to an increase of 0.3%. The property portfolio market value amounted to SEK 182,389 million, compared with SEK 181,812 million at the end of 2025.

“We report a stable first quarter and a year-on-year increase in rental revenue in the total property portfolio. Since the start of the year we have signed leases for a total of SEK 218 million and we continue to focus on our customers and on lettings,” says Johanna Skogestig, CEO of Vasakronan.

“In April, Moody’s affirmed Vasakronan’s strong credit rating of A3 with a stable outlook. Overall, I consider us well positioned to continue creating value, even in uncertain times, when we can’t be assured of a rapid economic recovery,” concludes Johanna Skogestig.