Prisma Properties AB (publ) Q2 2025 Earnings | 07/18/2025

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Prisma Properties AB (publ) delivered a strong Q2 2025, reporting robust growth across key financial metrics and continued progress on its strategic Nordic expansion. Net lettings for the quarter totaled SEK 15 million, maintaining the positive momentum to SEK 32 million year-to-date. Rental income rose by 19% year-over-year to SEK 118 million, fueled by successful acquisitions, completed development projects, and CPI-linked lease increases. Net operating income climbed to SEK 100 million, reflecting a 17% annual increase and highlighting effective operational management. Profit from property management advanced sharply to SEK 48 million, supported by improved cost controls and lower net financial items following the refinancing of existing bank facilities. Adjusted profit from property management, excluding comparability items, also reached SEK 48 million. Changes in property values contributed SEK 35 million (a 0.5% portfolio uplift), and net profit for the quarter was SEK 42 million, or SEK 0.26 per share—marking a return to profitability from a net loss in the prior year period. Notable strategic milestones this quarter included the group’s first property acquisition in Finland, signifying Prisma’s entry into a high-potential new market and enhancing both grocery exposure and portfolio yield. The company also divested a non-core asset in Sweden and signed several new long-term leases with leading discount retailers, reinforcing its stable, long-term cash flow base. The average contracted lease term (WAULT) stood at 8.3 years as of June 30, 2025, with the occupancy rate remaining high at 99%. Prisma Properties continued to optimize its finance structure by refinancing SEK 2.3 billion in loans, reducing average interest costs and extending maturity, thereby enhancing financial flexibility. Subsequent to quarter-end, the company announced the takeover of three key commercial properties in Sweden and a forward-funded retail property acquisition in Finland, further delivering on its expansion strategy. CEO Fredrik Massing emphasized the team’s focus on disciplined growth, stable cash flows, and value-driven portfolio management, stating that the company is well-positioned for continued success into H2 2025 and beyond. About Inside Ticker: For expert analysis, timely financial commentary, and real-time reporting on Prisma Properties AB (publ) and the Nordic real estate sector, follow Inside Ticker and visit InsideTicker.com for the latest market coverage and leadership insights. Hashtags: #PrismaProperties #Q22025 #Earnings #FinancialResults #RentalIncome #NetOperatingIncome #PropertyManagement #RealEstate #NordicMarkets #Expansion #Acquisitions #PortfolioGrowth #Profitability #Sweden #Finland #Occupancy #WAULT #CPI #GrowthStrategy #InsideTicker #BusinessUpdate #PropertyValue #Leasing #CommercialProperty #AssetManagement #NetLettings #InterestRates #Refinancing #CEOUpdate #Q2Results #InvestorUpdate