Castellum Q3 net operating income falls to SEK 1,614 million
Castellum reported Q3 NOI of SEK 1,614 million, down from SEK 1,702 million a year earlier, as income and new leasing both declined, according to Reuters.
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what happened
Swedish property company Castellum has published its third-quarter and nine-month results, Reuters reports. Net operating income for the quarter came in at SEK 1,614 million, compared with SEK 1,702 million a year earlier. Quarterly income fell to SEK 2,246 million from SEK 2,407 million, while income from property management dropped to SEK 1,126 million from SEK 1,253 million.
For the nine months, operating income reached SEK 4,829 million, net income was SEK 2,873 million and profit from property management stood at SEK 3,427 million. In the third quarter the company signed new leases covering 43,000 square metres, down from 57,000 square metres, with annual rent of SEK 83 million against SEK 143 million. Net leasing was negative at SEK -5 million, versus SEK 16 million a year earlier.
why it matters
For markets the report is a read on Swedish commercial property. Lower income and a negative net leasing result point to pressure on the company's rental business, and the weaker leasing volumes reinforce that signal.
market impact
Castellum and Swedish commercial property: weaker income and leasing put pressure on the company's shares and sector
tags
instruments
sources
- Castellum Q3 Net Operating Income At SEK 1,614 Mln — Reuters, 22 October 2026 at 06:15 UTC
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