Vasakronan’s interim report January-June 2026

Stable rental revenue and operating profit

• Rental revenue amounted to SEK 4,716 million (4,669). In comparable property holdings, rental revenue was unchanged.
• New lettings corresponding to 63,000 square metres (76,000) and annual rent of SEK 390 million (315) were contracted. Net lettings amounted to negative SEK 69 million (negative: 43).
• The occupancy rate was for the total portfolio was 87.2%, which was a decrease with 0.50 percentage points compared with the end of 2025.
• Operating surplus amounted to SEK 3,420 million (3,424). For comparable property holdings, the decrease was 2%.
• Net interest amounted to an expense of SEK 947 million (expense: 898). The increase was primarily due to higher interest-bearing liabilities.
• The interest coverage ratio amounted to a multiple of 3.4 (3.7).
• Income from property management amounted to SEK 2,296 million (2,390).
• The change in value of investment properties amounted to an increase of SEK 241 million (390), corresponding to an increase of 0.2%. The property portfolio market value amounted to SEK 182,811 million, compared with SEK 181,812 million at the end of 2025.

“Market conditions are essentially unchanged. Vacancies remain high and demand is clearly polarised based on location and quality,” says Johanna Skogestig, CEO of Vasakronan.
 

“For Vasakronan, this means maintaining customer focus and being highly active. The new lettings volume amounts to SEK 390 million to date this year and is concentrated in the most central areas of Stockholm,” concludes Johanna Skogestig.

For further information, please contact:

Johanna Skogestig
CEO of Vasakronan 
Tel: +46 (0)73 068 75 17
E-mail: johanna.skogestig@vasakronan.se

Johnny Engman
Chief Financial Officer 
Tel: +46 (0)70 355 59 27
E-mail: Johnny.engman@vasakronan.se

Vasakronan is Sweden’s leading property company with a portfolio valued at around SEK 183 billion. The portfolio is focused on centrally located office and retail properties in the growth regions of Stockholm, Uppsala, Gothenburg and Malmö. In terms of city retail, Vasakronan is the largest in all regions. The property portfolio comprises 167 properties with a total area of about 2.4 million square metres. The company is owned by the Second, Third and Fourth Swedish national pension funds. Our assignment is to generate a high, risk-weighted return. Though never at the expense of the environment and people. Read more at www.vasakronan.se

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