During the first half of the year, SLP continued to deliver on its strategy of growth through acquisitions, value-adding development, and active management of logistics properties in prime locations. The pace of acquisitions remained high, averaging one acquisition per month, which contributed to continued strong growth in the property portfolio.
- Rental income increased by 46%, amounting to SEK 489 m (335).
- Net operating income increased by 49%, amounting to SEK 427 m (286).
- Profit from property management increased by 53%, amounting to SEK 280 m (182).
- Earnings per share amounted to SEK 1.36 (1.45).
- Net asset value (NAV) per share increased by 7% in the period and amounted to SEK 31.38.
- Profit from property management per share increased by 34% in the period and amounted to SEK 1.08.
- Value changes in investment properties totalled SEK 249 m (217).
- Sustainable financing amounted to SEK 7,670 m (4,084) at the end of the period, corresponding to 94% (72) of the loan portfolio.
- Net leasing income amounted to SEK 5.2 m (21.6) and the letting ratio to 96.5% (94.9).
- A revised sustainability policy and new sustainability targets have been adopted.
- During January, occupancy commenced in SLP's largest new construction project to date, totalling 61,500 square meters, in Hallsberg.
- Eleven properties, of which one is an ongoing new construction project, were acquired and taken into ownership, with a lettable area of 247,000 square metres and a property value of SEK 2,353 m (1,051).
- SLP has acquired a logistics property in Gothenburg with a property value of SEK 625 m, with transfer of ownership scheduled for the third quarter 2025.
- SLP has appointed Filip Persson as its new CEO effective 1 September 2025, and the Annual General Meeting elected the current CEO, Tommy Åstrand, to the Board of Directors.
- SLP has ahead of maturity refinanced a substantial share of its loan portfolio, resulting in improved financing terms.
"In an increasingly uncertain market environment, it is all the more crucial to be a proactive and responsive property owner, capable of swiftly adapting to evolving tenant needs. Through close dialogue and collaboration with our tenants, we create flexible solutions that support their business while generating long-term value in our own portfolio", comments Tommy Åstrand, CEO of SLP.
This disclosure contains information that Swedish Logistic Property is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person, on 10 July 2025, 08:00 a.m. CEST.
The interim report will be presented via a recorded audiocast today at 10:00 a.m. CEST. Tommy Åstrand, CEO, and Matilda Olsson, CFO, will comment on the results and operations. The presentation material (images + audio) will be available at:
https://slproperty.se/en/ir/reports-and-presentations/
https://edge.media-server.com/mmc/p/h5wjg3vt
For further information, please contact:
Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
About SLP - Swedish Logistic Property
Swedish Logistic Property - SLP - is a Swedish property company that acquires, develops, and manages logistic properties with sustainability in focus. Value growth is created through development of the properties which are located in Sweden's most important logistic hubs. The property portfolio comprises a lettable area of approx. 1,400,000 sqm. SLP is a partner that takes responsibility and through this creates value for both tenants as well as for the company and its shareholders. SLP's share of series B is listed at Nasdaq Stockholm Mid Cap. For further information about SLP: slproperty.se
This disclosure contains information that Swedish Logistic Property is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 10-07-2025 08:00 CET.
