Vasakronan reports improved performance, boosted by stronger operating surplus

Vasakronan AB announced a robust performance for January-September 2025, with rental income reaching SEK 7,049m and a 1% increase in property management results to SEK 3,650m. Despite a 1% decrease in operating surplus in a comparable portfolio, the company's interest coverage ratio improved to 3.7x, attributed to better net interest income. Net letting for the period was SEK -7m, though the third quarter showed positive net letting. The occupancy rate stood at 87.9% by the end of the period.

The property portfolio value increased to SEK 182,076m (SEK 178,183m at year-end 2024), with property value changes contributing SEK 339m (0.2%). Acquisitions, notably Solna United, contributed significantly to the portfolio growth. Vasakronan emphasizes continued focus on increasing occupancy rates amidst ongoing market challenges.

The company's commitment to sustainability is evident, with 64% of its investment properties being taxonomy-aligned by market value. The primary energy performance indicator improved to 74 kWh/sqm, and the specific energy consumption was 66 kWh/sqm, reflecting successful energy efficiency initiatives.