Stockholm – Svenska Handelsfastigheter (SHF) continued its rapid growth trajectory in 2025, completing property acquisitions totaling 3.8 billion Swedish krona, including properties finalized in early 2026. The company also significantly reduced its vacancy rate to 1.7 percent, down from 2.9 percent the previous year, signaling strong demand for its commercial properties. This performance underscores SHF’s position as a leading player in the Swedish commercial real estate market.
The company’s year-end property portfolio was valued at 22,735.9 million krona. Since the start of 2026, SHF has added further properties worth 2,153 million krona to its holdings, demonstrating continued investment and expansion. The strong financial results and low vacancy rates reflect a resilient business model focused on strategic acquisitions and effective property management.
“We are closing out a record year, delivering, among other things, a driftnetto – or operating net income – of 1.365 billion krona, an all-time high,” said Thomas Holm, CEO of Svenska Handelsfastigheter. “Thanks to a vacancy rate of just 1.7 percent and a substantial development portfolio, we are proving that our business model is not only resilient but also drives active value growth.”
Record Performance in 2025
SHF’s financial performance throughout 2025 was marked by significant gains across key metrics. Hyresintäkter – rental income – reached 1,809.9 million krona for the full year, compared to 1,492.9 million krona in 2024. Driftnetto – operating net income – increased to 1,365.4 million krona (1,116.1 million krona in 2024), while resultatet efter skatt – profit after tax – totaled 1,673.7 million krona (2,002.0 million krona in 2024).
The company’s fourth-quarter results also showed positive momentum. Hyresintäkter for October-December 2025 were 474.3 million krona (413.1 million krona in the same period of 2024). Driftnetto for the quarter reached 338.8 million krona (305.6 million krona), and resultatet efter skatt was 885.6 million krona (1,524.0 million krona). The directavkastning – direct return – for the rolling 12 months stood at 6.60% (6.69% in 2024), and the soliditet – equity ratio – was 42.2% (40.4% as of December 31, 2025).
Strategic Acquisitions and Financial Strength
The 3.8 billion krona in property acquisitions during 2025 underscores SHF’s commitment to expansion. The company’s financial strength is further evidenced by a recent credit rating upgrade to BBB by Nordic Credit Rating. According to the company’s year-end report, this improved rating, combined with already agreed-upon acquisitions totaling 2.1 billion krona, provides the financial flexibility needed to continue its aggressive growth strategy.
This financial stability allows SHF to proactively invest in the standard, sustainability, and attractiveness of its properties, benefiting both tenants and the broader community. The company’s low vacancy rate of 1.7 percent demonstrates the desirability of its properties and the effectiveness of its long-term management approach.
Focus on Collaboration and Sustainable Growth
Thomas Holm emphasized the importance of collaboration in SHF’s success. “In collaboration with our tenants, we created strong and vibrant commercial spaces last year,” Holm stated. “We also delivered a driftnetto of 1.365 billion krona and recorded a historically low vacancy rate of just 1.7 percent, which is proof that our model for long-term management works and that our spaces are in demand.”
SHF’s approach extends beyond financial performance, focusing on creating environments where businesses can thrive. The company’s commitment to sustainability and long-term value creation is a key differentiator in the competitive commercial real estate landscape. Fastighetsvärlden’s profile of Thomas Holm highlights how a previously “rejected niche” has grow a significant source of success for the company.
Looking ahead, Svenska Handelsfastigheter is well-positioned to continue its growth trajectory. The company’s strong financial foundation, strategic acquisitions, and commitment to collaboration will be crucial in navigating the evolving commercial real estate market. The next key date for investors and stakeholders will be the release of the first-quarter 2026 results, expected in late April.
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