Slides
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Interim Report 1 January – 30 September 2026 Johanna Hult Rentsch, CEO & Jakob Nilsson, CFO 16 October 2026
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Strong income from property management and a high pace of business activity
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Quartely summary – key figures +13% Income from property management/share -9 SEKm Net letting +4% Rental income +6% Net operating income Q3 2026
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54 26 -35 8 -8 45 0 10 20 30 40 50 60 70 80 90 Net letting development Tenant re-location within the portfolio, SEK 9m* From YTD Q2 to YTD Q3 SEK Million -9 mkr Net letting Q3
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54 26 -35 8 -8 45 0 10 20 30 40 50 60 70 80 90 Net letting development Tenant re-location within the portfolio, SEK 9m* From YTD Q2 to YTD Q3 SEK Million -9 mkr Net letting Q3 SEK Million +45 Net letting Q1-Q3
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54 26 -35 8 -8 45 0 10 20 30 40 50 60 70 80 90 Net letting development Tenant re-location within the portfolio, SEK 9m* From YTD Q2 to YTD Q3 SEK Million -9 mkr Net letting Q3 SEK Million +45 Net letting Q1-Q3
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0 10 20 30 40 50 60 70 80 New letting Historically strong Q3 – highest level of new letting since Q3 2021 SEK Million +26 New letting (wholly owned port- folio, Q3 isolated) Table: New leases signed in the quarter, wholly owned portfolio (SEK m) Average
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0 10 20 30 40 50 60 70 80 New letting Historically strong Q3 – highest level of new letting since Q3 2021 SEK Million +26 New letting (wholly owned port- folio, Q3 isolated) Table: New leases signed in the quarter, wholly owned portfolio (SEK m) Average
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New lease, 2,600 sqm, HK Gamlestaden Tenant: ICOMERA Annual rental value: SEK 5,6 million Lettable area: 2,600 sqm Occupancy: June 2027, 5 year lease CAPEX: SEK 22 million Offices
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Net letting – summary Highest level of newly signed leases since 2021 • +SEK 26 million (wholly owned portfolio, Q3 only), +SEK 34 million incl. associates Higher volumes of ’notice of lease terminations’ in Q3 • Low volumes of ’lease terminations’ in Q1 & Q2 • SEK -43 million in ’lease terminations’ in Q3 Looking ahead: • NCC has announced their intention to give notice (expected in Q4, SEK -17 million, leaving Kineum) • Ramboll (SEK -19 million) 91% Retention rate Q1–Q3 Strong letting activity, higher volume of lease terminations -9 mkr Nettouthyrning Q3 SEK Million -9 mkr Net letting Q3 SEK Million +45 Net letting Q1-Q3
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Rental development from re-negotiations Major re-negotiation Swedish Migration Agency • Additional 1,500 sqm • 15-year lease agreement • Annual rental value increases by approximately SEK 2 million • CAPEX approx. SEK 365 million Positive renegotiation effect year to date • -8% in Q3, (due to lease Swedish Migration Agency) • +3% year to date 91.1% Economic occupancy rate Q3 Improved retention and occupancy rates
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Stable and diversified tenant base Our 10 largest customers Share of total ESS Group AB 5% Västra Götalandsregionen 4% AB Volvo 4% Migrationsverket 4% DFDS Logistics Contracts AB 3% Göteborgs Stad 3% Göteborgs universitet 3% NTEX AB 2% Volvo Personvagnar AB 2% Försäkringskassan 2% Total 32 % 4.0 years remaining contract period
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Increased investments in Industrial & Logistics • Assa Abloy – the Rigg project (see picture) • Sörred 8:15 acquired on 1 July, SEK 570 million • Port of Gothenburg - progress according to plan, prel. date of occupation Q1 2027 Industrial & Logistics
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Total investment: approx. SEK 2 billion New development: approx. 200,000 sqm Demolition of older properties: -25,000 sqm Implementation period: 2026–2032 Industrial & Logistics Arendal 5.0 Next step of our growth plan in Industry and logistics
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The Gothenburg market Insights and outlook
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Gradual recovery in the Gothenburg region Economic Tendency Indicator Purchasing Managers’ Index for manufacturing strengthens 58.1 (55.6 in Sep 2025) Unemployment declining 6.4% in the Gothenburg region (6.7% in Sep 2025) 102,2 Economic Tendency Indicator in a normal business cycle Source: Konjunkturinstitutet/Business Region Göteborg (BRG) #3 2026
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The Gothenburg market Industrial & Logistics Low vacancy rate Strong demand in the letting market Strong investor interest Strong transaction market and high demand
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Stonger activity, high competition & stable rentals Offices Rents stable, super-prime rents increasing The Gothenburg market New lettings increasing, strong competition Active transaction market
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Gothenburg – limited new project starts ahead The Office market “Improved activity since last year. High-quality properties in attractive locations are in demand, while less attractive locations remain challenging. Competition remains high. Source: JLL Q3 2026 New office development in Gothenburg 14.3% Vacancy rate (floor) 60% of take-up in CBD
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Gothenburg – limited new project starts ahead The Office market “Improved activity since last year. High-quality properties in attractive locations are in demand, while less attractive locations remain challenging. Competition remains high. Source: JLL Q2 2026 New office development in Gothenburg 14.3% Vacancy rate (floor) 60% of take-up in CBD
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Results & financing
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Rental income SEK 450 m +4% Net operating income SEK 361 m +6% Income property mgmt SEK 218 m +10 % / +13%/share Interest coverage ratio 2,6x Net investment SEK 666 m Property value SEK 30 700 m Net debt/EBITDA 10.8 Net financial items SEK -133 m -1% Loan-to-value 48% Total assets Financial performance Q3 2026, isolated quarter
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Change in net operation income Isolated quarter (Q3/26) vs previous year (Q3/25) +8 SEKm -2 SEKm +11 SEKm +1 SEKm +1 SEKm +2 SEKm = +9 SEKm = -1 SEKm =+13 SEKm 2025 Q3 433 SEKmRental income -93 SEKmProperty cost =340 SEKmNet operating income Like-for-like Projects Transactions 450 SEKm -89 SEKm =361 SEKm 2026 Q3 +3% +6% +4% + 2%-1% -4%
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Development by segment Period Q1–Q3 2026 Offices Development Industrial & Logistics SEK 561m SEK 140m SEK 98m Net operating income Net investment SEK 799m SEK 1bn Property value Total SEK 1 049m +1% SEK 23bn SEK 7bn SEK 31bn SEK 240m +9% SEK 795m +2% SEK 14m -62% Segment
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Financing Q3 Fixed interest rates 2,6 years Average interest rate 3,39% Net interest-bearing debt/EBITDA (R12) 11,3 Interest coverage ratio (R12) 2,6 ggr Stable financial position 45% 5% 13% 8% 11% 1% 16% 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 0-1 år 1-2 år 2-3 år 3-4 år 4-5 år 5-6 år 6-10 år Interest maturity structure
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Financing Rating NCR Company: BBB- stable outlook Instrument: BBB- Capital duration 3,0 years Loan-to-value property 49% Sustainable financing 80% Loan-to-value Total assets 48% Property value SEK 30,700 m +600 in Q3 Stable financial position 20% 6% 33% 25% 14% 0% 2% 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 0-1 år 1-2 år 2-3 år 3-4 år 4-5 år 5-6 år 6-10 år Credit maturity structure Bank, nyttjat Bank, ej utnyttjat Obligationer Certifikat Unrealised value changes -64 i Q3 -148 Q1-Q3
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Double EPRA Gold • EPRA Gold – one of only two Swedish companies • Self-generated renewable electricity increased by 600 kW • Pilot project for social sustainability 80 % sustainable financing 2026
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The Platzer share • On 17 April, a new 200 SEKm share repurchase program was authorised • Shares totalling SEK 165 million have been repurchased • In total, 3% of the number of shares have been repurchased
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New organisational set-up Faster decision-making, closer to customers and clear leadership: Streamlined Group management • From 10 to 6 roles Two business areas: • Property Management • Development
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Growth going forward Offices • Letting and close customer relationships • Portfolio rotation • Prepare for future project growth Industrial and logistics • Acquisitions • Project development With a strong business focus and increased execution capacity
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We will make Gothenburg the best city in Europe to work in. www.platzer.se
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Contact details Johanna Hult Rentsch, CEO johanna.hult-rentsch@platzer.se +46 709 992405 Jakob Nilsson, CFO jakob.nilsson@platzer.se +46 707 848351