Logistics property company SLP, Swedish Logistic Property, reported an increase in operating profit for the fourth quarter compared to the same period last year. The board is not proposing a dividend.
Rental income amounted to 271 million kronor (194), an increase of 39.7 percent year-on-year.
Net leasing totaled 6.8 million kronor (26.1), and the occupancy rate was 96.7 percent (96.5).
"2025 was a record year in terms of acquisition volume, and we completed acquisitions totaling 4.1 billion kronor. Over the year, we acquired 16 value-add logistics properties with a total lettable area of 341,000 square meters and a total annual rental value of 291 million kronor, which has significantly increased our earning capacity," commented CEO Filip Persson.
Net operating income amounted to 235 million kronor (166), an increase of 41.6 percent year-on-year.
Operating profit reached 152 million kronor (112), an increase of 35.7 percent compared to the previous year.
Total changes in the value of the property portfolio amounted to 149 million kronor (73). Total changes in the value of derivatives amounted to 15 million kronor (65).
Profit before tax was 317 million kronor (250).
Profit after tax was 220 million kronor (189), or 0.83 kronor (0.73) per share.
No ordinary dividend is proposed (0).
Net asset value per share stood at 33.66 kronor (29.39).
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