INTERIM REPORT JANUARY − SEPTEMBER 2026

Press release

JANUARY − SEPTEMBER 2026

  • Rental revenue increased 4% to SEK 4,167 M (SEK 3,988 M in the year-earlier period).
  • Profit from property management attributable to the Parent Company’s shareholders increased 7% to SEK 3,580 M (3,336).
  • Profit from property management per Class A and B share after dilution increased 6% to SEK 9.89 (9.30).
  • Property revaluation had an impact on profit of SEK 1,147 M (–515).
  • Revaluation of financial instruments had an impact on profit of SEK 450 M (–79).
  • Profit after tax for the period attributable to the Parent Company’s shareholders was SEK 4,971 M (2,249).
  • Cash flow from operating activities before changes in working capital amounted to SEK 2,895 M (2,856), corresponding to SEK 7.94 (7.76) per Class A and B share after dilution.
  • Net investments in properties amounted to SEK 4,745 M (3,657), of which property acquisitions accounted for SEK 4,529 M (3,058).
  • A directed share issue of 30 million Class D common shares was carried out in June. The issue raised SEK 1,005 M for the company, before transaction costs.

THIRD QUARTER OF 2026

  • Rental revenue increased 6% to SEK 1,449 M (SEK 1,367 M in the year-earlier period).
  • Profit from property management attributable to the Parent Company’s shareholders increased 22% to SEK 1,429 M (1,174).
  • Profit from property management per Class A and B share after dilution increased 21% to SEK 3.99 (3.29).
  • Property revaluation had an impact on profit of SEK 316 M (–127).
  • Revaluation of financial instruments had an impact on profit of SEK 168 M (68).
  • Profit after tax for the quarter attributable to the Parent Company’s shareholders was SEK 2,280 M (895).
  • Cash flow from operating activities before changes in working capital amounted to SEK 1,020 M (850), corresponding to SEK 2.78 (2.31) per Class A and B share after dilution.
  • Net investments in properties amounted to SEK 2,526 M (1,488), of which property acquisitions accounted for SEK 2,348 M (1,309).
  • The shareholding in Retail Estates NV is reported as an associated company according to the equity method from 15 September 2026. The reclassification resulted in a profit of SEK 683 M

ADJUSTED FORECAST FOR 2026

Profit from property management for 2026 attributable to the Parent Company’s shareholders, meaning profit before revaluations and tax, based on the current property portfolio, announced acquisitions and divestments and current exchange rates, is expected to amount to SEK 4,800 M. The previously provided forecast amounted to SEK 4,600 M and was presented in the interim report for January–June 2026.

For further information, please contact CEO David Mindus, tel +46 8 545 83 540.

About AB Sagax
AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industrial segment. Sagax's property holdings per 30 september 2026 amounted to 5,706,000 square metres, distributed over 1,081 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

This information is information that AB Sagax (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on October 22, 2026, at 03:30 p.m. CEST.

Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation.