# Fastighetsbolaget Emilshus B

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/fastighetsbolagetemilshusb).

## Overview

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.

## Products & services

• Acquisition of commercial properties
• Property development and tenant adaptations
• Management of light industrial premises
• Management of big-box and grocery retail assets
• Leasing of commercial space
• Ongoing property portfolio optimization

- **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.

- Acquisition of commercial properties
- Property development and tenant adaptations
- Management of light industrial premises
- Management of big-box and grocery retail assets
- Leasing of commercial space
- Ongoing property portfolio optimization

## Customers

Emilshus serves commercial tenants that need functional premises in established local markets, especially industrial users, trade suppliers, and grocery or big-box retailers. The company’s properties are designed for businesses that value accessibility, practical layouts, and long lease terms in growth regions of southern Sweden.

- **Light industry tenants** (primary) — Businesses leasing practical industrial premises for production, storage or service operations.
- **Industrial services and trade suppliers** (primary) — Tenants using premises for distribution, trade counters, workshops and related services.
- **Big-box retail tenants** (primary) — Large-format retailers leasing prominent sites with strong customer access.
- **Grocery retail tenants** (primary) — Food retailers leasing stores in established catchment areas with steady foot traffic.
- **Other commercial tenants** (secondary) — Office and community-service tenants occupying the smaller non-core part of the portfolio.

- Industrial tenants needing light-industrial premises
- Trade suppliers seeking functional warehouse/showroom space
- Grocery retailers needing neighborhood and regional sites
- Big-box retailers requiring large-format commercial units
- Local businesses that value long leases and stable locations

## Geography

Emilshus is concentrated in southern Sweden, with its portfolio spread across Småland, Östergötland, Skåne and Halland. The company highlights Växjö and surrounding areas as its largest management region, and also has meaningful exposure to Linköping, Jönköping, Värnamo, Vetlanda, Halmstad and Helsingborg.

- **Växjö** (20%) — Largest management region in the portfolio
- **Linköping** (16%)
- **Jönköping** (15%)
- **Värnamo** (12%)
- **Halmstad** (10%)
- **Vetlanda** (8%)
- **Helsingborg** (7%)

- 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

## Strategy

Emilshus focuses on acquiring high-yield commercial properties in growth regions of southern Sweden while maintaining close local management of its assets and tenants. The company also emphasizes long lease terms, tenant quality, and selective development or investment in existing properties to support portfolio growth.

- **Continue selective acquisitions** (short-term) — Portfolio growth is driven by adding income-producing properties in target markets.
- **Strengthen property management organization** (short-term) — A larger portfolio requires scalable processes and local execution to protect service quality.
- **Maintain tenant quality and long leases** (medium-term) — Stable occupancy and solvent tenants support predictable rental cash flows.
- **Invest in existing properties** (medium-term) — Tenant-specific improvements can enhance asset quality and support rent growth.

- Acquire high-yield commercial properties in southern Sweden
- Concentrate on light industry and grocery/big-box retail
- Maintain long leases and high occupancy
- Use local presence to strengthen tenant relationships
- Invest in existing tenants and portfolio improvements

## Risks

Emilshus is exposed to valuation risk in its investment properties because fair value estimates depend on assumptions about rents, yields and occupancy. As a landlord concentrated in southern Sweden and in a few commercial property types, it also faces tenant concentration, local market, refinancing and interest-rate risks that can affect cash flow and asset values.

- **Investment property valuation risk** [high] — Properties are measured at fair value using Level 3 inputs, so small assumption changes can move reported asset values.
- **Tenant and occupancy risk** [high] — Rental income depends on keeping a high occupancy rate and retaining solvent tenants on long leases.
- **Regional concentration risk** [medium] — The portfolio is concentrated in southern Sweden, making results sensitive to local economic conditions.
- **Interest-rate and financing risk** [high] — Property companies are sensitive to borrowing costs and lender availability, which affect returns and valuation yields.
- **Property-type concentration risk** [medium] — A large share of the portfolio is tied to light industry and retail formats that can be cyclical.

- Fair value estimates can move materially with yield and rent assumptions
- Commercial tenant defaults or vacancies would reduce rental income
- Regional concentration increases exposure to local market weakness
- Interest-rate and refinancing risk affect property valuations and funding
- Property-type concentration ties performance to industrial and retail demand

## Accounting

The most important accounting judgment is the fair value measurement of investment properties, which directly affects the balance sheet and can also influence earnings through valuation changes. Derivatives are also measured at fair value, while other financial instruments are carried at amortized cost, so changes in interest-rate hedges and financing terms can affect reported results and equity.

- **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

- Investment properties are measured at fair value using Level 3 inputs
- Valuation assumptions affect reported asset values and earnings
- Derivatives are measured at fair value in the balance sheet
- Lease and rental timing can affect quarterly comparability
- Rounding and estimate sensitivity can affect reported totals

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*Last updated: 2026-08-11T04:04:52.566219+00:00*