JDANNasdaq CopenhagenReal Estate ServicesIFRS · DKK

JEUDAN A/S

JEUDAN A/S is a Danish property company focused on owning, developing and operating commercial real estate, especially office, retail and mixed-use properties in central Copenhagen. Its business combines rental income, property development, and long-term asset management within Denmark.

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Revenue1,751m DKK
+2.5 %y/y
Operating profit (EBIT)1,063m DKK
−1.6 %y/y
EBIT margin60.7%
−2.5 ppy/y
Net income1,000m DKK
+788.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

05001,0001,5002,0002,500m DKK2021: 1,814 m DKK2021: EBIT 876 m DKK20212022: 2,001 m DKK2022: EBIT 990 m DKK20222023: 1,717 m DKK2023: EBIT 1,094 m DKK20232024: 1,709 m DKK2024: EBIT 1,080 m DKK20242025: 1,751 m DKK2025: EBIT 1,063 m DKK2025TTM 2026: 1,784 m DKKTTM 2026: EBIT 1,101 m DKKTTM1,7841,101
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Commercial property leasing70 %

Rental of offices, shops and mixed-use commercial space under lease agreements.

Property development20 %

Development, redevelopment and refurbishment of real estate assets for future rental use or sale.

Property management and services10 %

Management of owned properties, including maintenance, tenant coordination and asset optimization.

Customers

JEUDAN's customers are mainly businesses and institutions that lease commercial space for offices, retail operations and mixed-use premises. Demand is driven by tenants seeking central, high-quality urban locations with access to transport, services and business districts.

Office tenants

Businesses and organizations leasing office premises for headquarters, branches or professional services.

Retail tenants

Stores and service businesses leasing street-level and shopping-area space.

Mixed-use tenants

Occupiers of buildings combining office, retail and other commercial uses.

Strategy

JEUDAN's strategy is built around owning high-quality urban properties, preserving long-term tenant demand and upgrading assets through active management and development. Its competitive position depends on location quality, tenant relationships and disciplined capital allocation in the Copenhagen market.

Upgrade and reposition core propertiesMedium term

Improves tenant appeal and supports long-term rental demand in prime locations.

Preserve a high-quality tenant mixShort term

Stable tenants and diversified uses reduce vacancy risk and support recurring rental income.

Geography

JEUDAN is centered on Denmark, with a particular concentration in Copenhagen where it owns and manages a significant part of its real estate portfolio. The company's operations are highly location-specific because rental demand, valuation and development opportunities depend on the strength of the local urban property market.

Risks

JEUDAN is exposed to commercial property cycles, especially movements in office and retail demand, interest rates and asset valuations. Because its portfolio is concentrated in Copenhagen, local market conditions, vacancy trends and redevelopment execution have a direct impact on operating performance and asset values.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Property valuation sensitivity1Office and retail vacancy risk2Geographic concentration3Development and permitting risk4
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. Property valuation sensitivityImpact: HighLikelihood: High

    Real estate values move with yields, interest rates and market demand.

    Exposure: Portfolio fair values

  2. Office and retail vacancy riskImpact: HighLikelihood: Medium

    Rental income depends on maintaining occupancy in commercial properties.

    Exposure: Lease renewals and new lettings

  3. Geographic concentrationImpact: MediumLikelihood: High

    A large share of assets appears concentrated in Copenhagen and Denmark.

    Exposure: Single-market exposure

  4. Development and permitting riskImpact: MediumLikelihood: Medium

    Refurbishment and redevelopment depend on execution and approvals.

    Exposure: Project timelines and returns

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Accounting

Judgemental items
Investment property fair value

Revaluations can materially change reported profit and equity without cash impact.

Impact: Non-cash gains/losses on portfolio value

Capitalisation of development costs

Classification between expense and asset affects current earnings and future depreciation.

Impact: Reported profit and asset base

Lease accounting

Lease contracts and tenant arrangements influence revenue timing and balance-sheet recognition.

Impact: Revenue presentation and leverage

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Last updated: 24/10/2026