ACRI-BNasdaq StockholmReal EstateIFRS · SEK

Acrinova B

Acrinova is a Swedish property company focused on owning, developing and managing commercial and residential real estate in southern Sweden, with a concentration in western Skåne. Its portfolio includes properties used for logistics, production, external retail and services, offices, community functions and selected housing projects.

Ask about the company
Revenue126m SEK
−21.2 %y/y
Net income60.0m SEK
+67.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

050100150200m SEK2021: 102 m SEK20212022: 131 m SEK2022: EBIT 27 m SEK20222023: 147 m SEK2023: EBIT 38 m SEK20232024: 160 m SEK2024: EBIT 50 m SEK20242025: 126 m SEK2025TTM 2026: 99 m SEKTTM99
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
Ask Clarifo about Acrinova B

Business

Share of revenue
Investment properties60 %

Income-producing properties held for rental income and value growth.

Property management15 %

Day-to-day leasing, tenant relations and upkeep of the portfolio.

Project development15 %

Development and construction of properties for future rental or sale.

Property transactions10 %

Acquisitions and disposals used to reshape the portfolio and release capital.

Customers

Acrinova’s customers are tenants that lease space in its properties, ranging from larger corporate occupiers to smaller local businesses. The tenant base is diversified across trade, services, logistics and production, which supports a broad mix of end markets and lease demand.

Logistics and production tenants

Companies leasing warehouse, logistics and production premises for operational use.

Retail and service tenants

Businesses in external retail and service locations that need accessible premises.

Office and community-function tenants

Occupiers of office space and properties used for public or community functions.

Residential project customers

Buyers or users of housing developed in selected project initiatives.

Strategy

Acrinova’s strategy is to own, develop and build properties with high value potential, then optimize the portfolio through active asset management. The company also uses disposals and project activity to recycle capital into future investments and rebuild its property base over time.

Portfolio optimizationShort term

Disposals and selective ownership free capital for reinvestment into higher-potential assets.

Rebuild the property portfolioMedium term

The company aims to restore scale and improve the mix of assets after a period of transactions.

Develop high-yield propertiesMedium term

Development and refurbishment are central to creating long-term value from the asset base.

Geography

Acrinova is based in Malmö and operates mainly in southern Sweden, with a clear focus on western Skåne. Its business is tied to local property markets, tenant demand and financing conditions in Sweden, while the portfolio is concentrated in a limited number of regional locations.

Risks

Acrinova is exposed to Swedish property-market conditions, especially interest rates, tenant demand and financing availability. Its development and investment activities also carry execution risk, while a concentrated regional footprint makes the business more sensitive to local market shifts.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Interest rate sensitivity1Vacancy and tenant concentration risk3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Interest rate sensitivityImpact: HighLikelihood: Low

    Property valuations, borrowing costs and investment returns are highly sensitive to Swedish rates.

    ExposureMajority of debt is bank financingPartly hedged
  2. Project execution riskImpact: High

    Development projects can be delayed or become more expensive than planned.

    Exposure: New-build and refurbishment activity

  3. Vacancy and tenant concentration riskImpact: MediumLikelihood: Medium

    Rental income depends on occupancy and tenant stability across the portfolio.

    ExposureLeased properties in logisticsRetailServicesOffices
  4. Regional market concentrationImpact: Medium

    A focus on southern Sweden ties performance to one geographic market.

    Exposure: Western Skåne and surrounding areas

Ask Clarifo about Acrinova B

Accounting

Judgemental items
Fair value of investment properties

Property values are based on valuation models and assumptions rather than quoted prices.

Impact: Can materially change asset values and period profit

Level 3 valuation inputs

Rents, vacancies, yields and market conditions drive the valuation outcome.

Impact: Sensitivity to assumptions affects comparability across periods

Derivative and interest-rate hedge accounting

Hedging instruments influence finance costs and fair value movements.

Impact: Can smooth or amplify reported financial expense

Project development timing

Development spending and project completion timing affect when value is recognized.

Impact: Can create quarter-to-quarter volatility

Similar listed companies

Publicly listed companies with a comparable business focus.

Healthier Choices Management Corp.

HCMC · Tobacco Products

Hong Yuan Holding Group

HGYN · Plastic Materials, Synth Resins & Nonvulcan Elastomers

Valuence Merger Corp. I

VMCAF · Blank Checks

American Exceptionalism Acquisition Corp. A

AEXA · Blank Checks

Artificial Intelligence Technology Solutions Inc.

AITX · Services-Prepackaged Software

Amgen Inc

AMGN · Biological Products, (No Diagnostic Substances)

Last updated: 24/09/2026