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Wihlborgs Q4 earnings surge on record rents, property management strength

Investing.com •
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Wihlborgs Fastigheter AB (WIHL) reported a robust Q4, with rental income rising 5% to SEK 1.11 billion and property management profits surging 23% to SEK 556 million. The Stockholm-based landlord attributed growth to strategic investments and acquisitions despite a sluggish Swedish office market. Property management gains were further lifted by SEK 68 million from joint venture value changes, though underlying income grew 8% organically.

Net lettings reached SEK 12 million, driven by leases with Media Evolution, Cloetta, and the Swedish Transport Administration. Total property value increased to SEK 64.41 billion, up from SEK 59.17 billion year-end 2024. CEO Ulrika Hallengren emphasized continued investment in growth amid economic uncertainty, stating, "We are building Wihlborgs for long-term resilience."