Investment property valuation risk
Properties are measured at fair value using Level 3 inputs, so small assumption changes can move reported asset values.
- Scope
- Portfolio-wide
- Materiality
- high
Fastighetsbolaget Emilshus B
Fastighetsbolaget Emilshus AB is a Swedish property company that acquires, develops and manages commercial real estate, with a focus on southern Sweden. Its portfolio is concentrated in light industry, industrial services/trade suppliers, and big-box and grocery retail properties, and the company is listed on Nasdaq Stockholm.
33
0.20
0.17
| % | |
|---|---|
| Property acquisitions | 35% Purchase of income-producing commercial properties in selected southern Swedish markets. |
| Property management | 30% Day-to-day management, leasing and maintenance of the existing portfolio. |
| Property development | 20% Development projects and tenant-specific improvements within the portfolio. |
| Commercial leasing | 15% Rental of premises to industrial, trade and retail tenants. |
Emilshus serves commercial tenants that need functional premises in established local markets, especially industrial...
- Light industry tenantsprimary
Businesses leasing practical industrial premises for production, storage or service operations.
- Industrial services and trade suppliersprimary
Tenants using premises for distribution, trade counters, workshops and related services.
- Big-box retail tenantsprimary
Large-format retailers leasing prominent sites with strong customer access.
- Grocery retail tenantsprimary
Food retailers leasing stores in established catchment areas with steady foot traffic.
- Other commercial tenantssecondary
Office and community-service tenants occupying the smaller non-core part of the portfolio.
Emilshus is concentrated in southern Sweden, with its portfolio spread across Småland, Östergötland, Skåne and Halland...
- •Core market is southern Sweden
- •Portfolio concentrated in Småland, Östergötland, Skåne and Halland
- •Växjö and surrounding areas are the largest management region
- •Regional diversification reduces dependence on one local market
- •Local presence supports tenant relationships and asset management
Emilshus focuses on acquiring high-yield commercial properties in growth regions of southern Sweden while maintaining...
01
Continue selective acquisitionsshort-term
Portfolio growth is driven by adding income-producing properties in target markets.
02
Strengthen property management organizationshort-term
A larger portfolio requires scalable processes and local execution to protect service quality.
03
Maintain tenant quality and long leasesmedium-term
Stable occupancy and solvent tenants support predictable rental cash flows.
04
Invest in existing propertiesmedium-term
Tenant-specific improvements can enhance asset quality and support rent growth.
Emilshus is exposed to valuation risk in its investment properties because fair value estimates depend on assumptions...
Tenant and occupancy risk
Rental income depends on keeping a high occupancy rate and retaining solvent tenants on long leases.
- Scope
- Commercial portfolio
- Materiality
- high
Interest-rate and financing risk
Property companies are sensitive to borrowing costs and lender availability, which affect returns and valuation yields.
- Scope
- Debt and refinancing
- Materiality
- high
Regional concentration risk
The portfolio is concentrated in southern Sweden, making results sensitive to local economic conditions.
- Scope
- Småland, Östergötland, Skåne, Halland
- Materiality
- medium
Property-type concentration risk
A large share of the portfolio is tied to light industry and retail formats that can be cyclical.
- Scope
- Light industry, big-box retail, grocery retail
- Materiality
- medium
Fair value of investment properties
Can materially affect assets, equity and valuation gains/losses
Derivative valuation
Can affect balance sheet and profit or loss
Rental income timing
Affects quarterly comparability of rental income
Operating segment reporting
Limits segment-level disclosure
: 11/08/2026