TRIAN-BNasdaq StockholmReal EstateIFRS · SEK

Trianon

Trianon is a Swedish real estate company based in the Malmö area that owns, manages, develops and builds residential and commercial properties. Its portfolio is centered on homes, offices, retail and community properties, with a strong emphasis on long-term ownership and local property management.

Liikevaihto787milj. SEK
+1,9 %v/v
Nettotulos225milj. SEK
+0,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0200400600800milj. SEK2020: 556 milj. SEK2020: EBIT 224 milj. SEK20202021: 624 milj. SEK2021: EBIT 253 milj. SEK20212022: 688 milj. SEK2022: EBIT 232 milj. SEK20222023: 733 milj. SEK2023: EBIT 163 milj. SEK20232024: 773 milj. SEK2024: EBIT 178 milj. SEK20242025: 787 milj. SEK2025787
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Residential properties45 %

Rental apartments and housing assets that form the core of the portfolio.

Community properties28 %

Properties used for public-service, social and community functions.

Commercial offices12 %

Office properties leased to business tenants in the Malmö region.

Retail and convenience10 %

Retail premises, including everyday retail and neighborhood shopping.

Development and project sales5 %

New construction and development projects, including project property deliveries.

Asiakkaat

Trianon mainly serves residential tenants, commercial tenants and public-sector or community occupants in its property portfolio. The mix described in the reports suggests a tenant base with significant exposure to housing, everyday retail and community-use contracts, which tends to support long lease duration and local demand visibility.

Residential tenants

Households renting apartments and homes for long-term housing needs.

Public-sector and community tenants

Municipal or social-function users leasing community properties and contracts.

Retail tenants

Grocery, convenience and neighborhood retail operators leasing shop space.

Office tenants

Businesses renting office space in the Malmö region.

Development counterparties

Parties involved in project property deliveries and new-build transactions.

Strategia

Trianon’s strategy is to expand and improve a locally concentrated portfolio through ownership, management, development, new construction and selective acquisitions. The company emphasizes a stable base of housing and community properties, supported by active asset development and a long-term approach to Malmö’s urban growth.

Expand in Malmö and surrounding areasKeskipitkä aikaväli

Local knowledge and concentration are central to sourcing and value creation.

Increase value through development and constructionKeskipitkä aikaväli

Development and new-build projects can improve portfolio quality and rental income.

Preserve a stable income baseLyhyt aikaväli

A large housing and community-property base supports steadier cash flows.

Maantiede

Trianon’s business is concentrated in Malmö and the surrounding region in southern Sweden. The reports repeatedly describe a local, regional portfolio, and that geographic concentration is central to how the company sources, manages and develops its properties.

Riskit

Trianon’s main risks are tied to property valuation, tenant demand, financing and concentration in one geographic region. Like other real estate landlords, it is exposed to fair-value changes in investment properties, interest-rate sensitivity, vacancy risk and estimate uncertainty around project sales and asset values.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Property valuation volatility1Geographic concentration in Malmö2Interest-rate and financing sensitivity3Tenant concentration in everyday retail and community contracts4Project execution and transaction risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Property valuation volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Investment properties are measured at fair value, so market movements affect reported results.

    Kohdistuu: Portfolio-wide

  2. Geographic concentration in MalmöVaikutus: KorkeaTodennäköisyys: Korkea

    Most assets are in one regional market, so local housing and commercial demand matter disproportionately.

    Kohdistuu: Malmö region

  3. Interest-rate and financing sensitivityVaikutus: KorkeaTodennäköisyys: Korkea

    Property companies depend on debt financing and valuation assumptions linked to discount rates.

    Kohdistuu: Debt-funded portfolio

  4. Tenant concentration in everyday retail and community contractsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A smaller set of tenant types can be exposed to changes in local demand or public budgets.

    Kohdistuu: Retail and community segment

  5. Project execution and transaction riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Development, acquisitions and project property deliveries require accurate budgeting and timing.

    Kohdistuu: Development projects

Kirjanpito

Harkinnanvaraiset erät
Investment property fair value

Reported profit and balance-sheet values depend on external and internal valuation assumptions.

Vaikutus: Can materially change earnings and equity

IFRS 15 over-time revenue recognition

Certain project property sales are recognized over time, affecting timing of revenue and margin.

Vaikutus: Can shift revenue between periods

Derivative valuation

Räntederivat are measured at fair value with changes in profit or loss.

Vaikutus: Creates earnings volatility tied to interest rates

Acquisition classification

The company assesses whether transactions are asset acquisitions, which affects accounting treatment.

Vaikutus: Impacts goodwill, transaction costs and asset values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Trianon (TRIAN-B) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo