SLP-BNasdaq StockholmReal EstateIFRS · SEK

Swedish Logistic Property

Swedish Logistic Property AB is a Swedish property group focused on acquiring, developing and managing logistics real estate through a large network of subsidiaries. Its portfolio consists of warehouse and logistics properties in Sweden, with activities spanning property ownership, leasing, development projects and related property services.

Revenue820m SEK
+15.5 %y/y
Net income726m SEK
+23.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02505007501,0001,250m SEK2021: 268 m SEK2021: EBIT 181 m SEK20212022: 411 m SEK2022: EBIT 277 m SEK20222023: 585 m SEK2023: EBIT 462 m SEK20232024: 710 m SEK2024: EBIT 584 m SEK20242025: 820 m SEK2025TTM 2026: 1,133 m SEKTTM1,133
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Property acquisitions35 %

Purchase of logistics properties and development sites for the portfolio.

Property management30 %

Ongoing management of stabilized logistics assets and tenant relationships.

Leasing and rental income20 %

Rental income from logistics warehouses and related premises.

Development and projects10 %

New builds, conversions, extensions and tenant-specific adaptations.

Sustainability and technical upgrades5 %

Charging infrastructure, solar, energy storage and efficiency improvements.

Customers

SLP’s customers are tenants that need modern logistics space, including warehousing, distribution and urban logistics users. The company also serves occupiers with specific technical requirements such as automation readiness, charging infrastructure, energy capacity and long lease terms.

Logistics and distribution tenants

Companies leasing warehouse and distribution space for storage, sorting and regional delivery; they buy for location and functionality.

E-commerce and retail occupiers

Tenants needing modern facilities near transport corridors to support shorter lead times and higher delivery frequency.

Industrial and wholesale users

Businesses that need large, flexible premises for inventory handling, inbound logistics and supply-chain efficiency.

Electrified transport and fleet users

Tenants that require charging infrastructure, grid capacity and energy storage for passenger cars and heavy vehicles.

Public-sector and defense-related logistics users

Organizations needing resilient domestic logistics capacity and strategically located premises.

Strategy

SLP’s strategy is to acquire, develop and manage logistics properties with a sustainability focus. The company emphasizes modern, flexible warehouses, long lease structures and technical upgrades that support automation, electrification and energy efficiency.

Acquire logistics properties in prime locationsShort term

Location quality supports tenant demand, lease stability and long-term asset value.

Develop modern, flexible warehouse assetsMedium term

Automation-ready and adaptable buildings match changing logistics requirements.

Strengthen sustainability and electrification featuresMedium term

Green features improve tenant appeal and support access to financing.

Grow NAV and property-management earningsLong term

Value creation depends on both portfolio expansion and efficient asset management.

Geography

SLP is headquartered in Malmö and its property portfolio is concentrated in Sweden. The company’s logistics assets are spread across the South, Mid and East regions of Sweden, reflecting a focus on strategically located transport and distribution corridors.

Risks

SLP’s main risks stem from tenant demand, rental growth, financing conditions and the value of logistics assets. Because the business depends on long lease income and property valuations, changes in market rents, vacancy, interest rates, refinancing access and tenant credit quality can materially affect results.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Lower rental income and negative rent growth1Refinancing and covenant risk2Property valuation risk3Tenant credit risk5
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. Lower rental income and negative rent growthImpact: HighLikelihood: Medium

    If logistics demand weakens, market rents and occupancy can fall, reducing cash flow.

    Exposure: Leasing and portfolio income

  2. Refinancing and covenant riskImpact: HighLikelihood: Medium

    Property companies rely on continued access to debt markets and covenant headroom.

    Exposure: Interest-bearing liabilities

  3. Property valuation riskImpact: HighLikelihood: Medium

    Logistics asset values are sensitive to yields, lease terms, vacancies and development potential.

    Exposure: Investment properties

  4. Interest rate riskImpact: High

    Borrowing and hedging costs move with market rates, affecting cash flow and derivative values.

    Exposure: Loans and interest-rate swaps

  5. Tenant credit riskImpact: MediumLikelihood: Medium

    Rental income depends on tenant solvency and timely payment, especially in a concentrated property portfolio.

    Exposure: Accounts receivable and rent collection

Accounting

Judgemental items
Investment property fair value

Property values are measured using estimates of rents, yields, vacancies and development potential, which can materially move reported equity.

Impact: Reported gains/losses and balance sheet asset values

Derivative valuation

Interest-rate swaps and other hedges are marked to market, creating earnings and equity volatility.

Impact: Finance income/expense and OCI or P&L effects

Rental receivables and credit risk

The company recognizes rent receivables and monitors tenant credit quality, affecting bad-debt provisions.

Impact: Net rental income and working capital

Covenant disclosures

Debt is subject to loan-to-value, equity ratio and interest coverage covenants that shape financing risk assessment.

Impact: Liquidity and going-concern analysis

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Swedish Logistic Property (SLP-B) Revenue, Earnings & Financials 2025 – Clarifo