“During the year, we have signed agreements covering the divestment of properties totalling approximately SEK 24 Bn. The mandate from our shareholders is crystal clear: Increase Castellum’s profitability, therefore we cannot own properties that are not expected to generate a sufficiently high return. That would not be fair to our shareholders”, says Pål Ahlsén, Chief Executive Officer, Castellum.

January–June 2026

• Income totalled SEK 4,741 M (4,789). In the like-for-like portfolio, the change in rental income was –2.0 per cent (0.1), excluding currency effects.
• Net operating income (NOI) totalled SEK 3,215 M (3,206). Net operating income in the like-for-like portfolio decreased 4.8 per cent (−2.8), excluding currency effects.
• Income from property management totalled SEK 2,301 M (2,222), a change of 3.6 per cent (−8.7).
• Changes in value of investment properties totalled SEK 269 M (−1,168), corresponding to 0.2 per cent (−0.9). The value of the property portfolio amounted to SEK 133.9 Bn (137.0) at the end of the period.
• Net income after tax for the period totalled SEK 1,933 M (191), corresponding to SEK 4.07 (0.39) per share before and after dilution.
• New leases were concluded for 202,000 square metres (185,000) with an annual rent of SEK 576 M (389). Net leasing totalled SEK 110 M (−182) for the period and SEK 152 M (−175) for the last 12 months.
• Net investments totalled SEK −3,598 M (2,823), of which SEK 1,968 M (1,288) pertains to investments in existing properties, SEK 0 M (1,700) to acquisitions, SEK −5,566 M (−1,550) to divestments.
• Investments in associated companies and joint ventures totalled SEK — M (836).
• The loan-to-value ratio was 37.3 per cent (36.5).
• The interest coverage ratio for the latest twelve-month period was 3.2 (3.2) and interest-rate hedging (more than 1 year) was applied to 57 per cent (68) of the loan portfolio at the end of the period.

April–June 2026

• Income totalled SEK 2,420 M (2,403). In the like-for-like portfolio, the change in rental income was –2.0 per cent (0.4), excluding currency effects.
• Net operating income (NOI) totalled SEK 1,696 M (1,634). Net operating income in the like-for-like portfolio decreased 3.7 per cent (−2.8), excluding currency effects.
• Income from property management totalled SEK 1,222 M (1,158), a change of 5.5 per cent (−10.0).
• Changes in value of investment properties totalled SEK −147 M (−800), corresponding to −0.1 per cent (−0.6).
• Net income after tax for the period totalled SEK 634 M (189), corresponding to SEK 1.37 (0.38) per share before and after dilution.
• New leases were concluded for 105,000 square metres (123,000) with an annual rent of SEK 305 M (252). Net leasing totalled SEK 28 M (2) for the period and SEK 152 M (−175) for the last 12 months.
• Net investments totalled SEK −4,277 M (2,465), of which SEK 1,082 M (790) pertained to investments in existing properties, SEK — M (1,681) to acquisitions and SEK −5,359 M (−6) to divestments.

Important events during the period

• Castellum signed an agreement to divest 95 properties in Skåne for SEK 13.3 Bn to Wihlborgs.
• Castellum signed an agreement to divest two properties in Stockholm for SEK 5.0 Bn to Alecta.
• Castellum has let a further 13,000 square metres to Ericsson in Hagastaden. Ericsson will not exercise its option to reduce the space in its previous lease agreement for the Infinity project.
• Castellum is ranked the world’s most sustainable real estate company by TIME Magazine.
• Two EMTN bonds have been redeemed early with a total volume of EUR 864 M.
• During the period, 39,019,694 shares were repurchased at an average price of SEK 116.88 per share, for a total of SEK 4,563 M.
• Castellum completed the cancellation of 15,075,097 own shares.

Presentation of the report
Today at 9:00 am (CEST), CEO Pål Ahlsén and CFO Christoffer Strömbäck will present the report. Follow the presentation via this link: https://castellum.events.inderes.com/q2-report-2026/register

For further information, please contact:
Pål Ahlsén, Chief Executive Officer, Castellum AB, +46 76 807 97 02
Christoffer Strömbäck, CFO, Castellum AB, +46 70 249 72 55