Published: 5/28/2026 11:51:32 AM

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Finwire about Fleming Properties AB (publ): Fleming Properties decreases profit from property management

The real estate company Fleming Properties reports a lower profit from property management in the first quarter of 2026, compared with the same quarter of the previous year.Rental income fell to EUR 1.9 million (2.0), a decrease of 5.0 percent compared with the previous year. Net operating income decreased to EUR 1.4 million (1.5), a decrease of 6.7 percent compared with the previous year. Profit from property management fell to EUR 0.4 million (0.5), a decrease of 20.0 percent compared with the previous year. Unrealized changes in the value of properties amounted to EUR -0.2 million (-0.5). Profit before and after tax was EUR 0.1 million (0.1). Net asset value, EPRA NRV, per share was EUR 1.00 (1.00).- The first quarter of 2026 developed in line with expectations. We see somewhat lower revenue compared with the same period last year as a result of the SOK break option, which took effect on January 1, 2026. Interest has been shown in the vacant premises and our assessment is therefore cautiously positive that the spaces may be leased before the end of the year, despite a continued challenging leasing market, CEO Thomas Lindström comments in the interim report.The company's focus going forward remains on leasing, cost control and long-term value growth.Fleming Properties, MEURQ1-2026Q1-2025ChangeRental income1.92.0-5.0%Net operating income1.41.5-6.7%Profit from property management0.40.5-20.0%Unrealized changes in value of properties-0.2-0.5Profit before tax0.10.10.0%Net profit0.10.10.0%Net asset value, EPRA NRV, per share, EUR1.01.000.0%

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