Interim report
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Interim Report JANUARY–SEPTEMBER 2026
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2Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Significant events in the period January-September Rental income increased by 24%, amounting to SEK 920 m (744). Net operating income increased by 25%, amounting to SEK 818 m (656). Profit from property management increased by 27% and amounted to SEK 549 m (430). Earnings per share amounted to SEK 2.54 (1.94). Net asset value (NAV) per share increased by 8% in the period and amounted to SEK 36.49. Profit from property management per share increased by 18% in the period and amounted to SEK 1.95 (1.66). Value changes in investment properties totalled SEK 277 m (264). Sustainable financing amounted to SEK 9,553 m (7,873) at the end of the period, corresponding to 95% (97) of the loan portfolio. Net leasing income amounted to SEK 38.1 m (6.2) and the letting ratio to 96.2% (96.5). Cash flow from operating activities before change in working capital increased by 26% to SEK 544 m (432). Six properties, of which one undeveloped, were acquired and taken into ownership, with a lettable area of 161,000 square metres and a property value of SEK 1,482 m (2,353). SLP began construction of a logistics property in Jönköping comprising approximately 22,000 square meters. SLP has commenced construction of a new logistics property of approximately 27,000 square meters in Malmö, as announced in 2025. SLP has commenced construction of an extension of approximately 23,000 square meters in Ulricehamn. SLP has commenced construction of an extension of approximately 7,000 square meters in Falkenberg and has signed a lease agreement for the entire property, comprising approximately 30,000 square meters. Key performance indicators SLP has signed a 12-year lease agreement for a new construction project in Helsingborg comprising approximately 25,000 square metres. The project is conditional upon regulatory approvals and is expected to be finalised during the fourth quarter of 2027. SLP will carry out an extension and a conversion for approximately 3,000 square meters in Linköping. SLP has entered into a lease agreement for approximately 19,000 square meters in Eskilstuna with a lease term of 5.5 years. Occupancy took place on 1 August 2026. Warrants of series 2023/2026 have been fully exercised during the period, which contributed approximately SEK 67.4 m. The exercise of the warrants increased the number of shares in SLP by a total of 1,912,349. Significant events after the end of the period There were no significant events after the end of the period. 2026 Jul-Sep 2025 Jul-Sep 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec 3 months 3 months 9 months 9 months 12 months Property value, SEK m 20,544 16,436 20,544 16,436 18,491 Rental income, SEK m 313 255 920 744 1,015 Net operating income, SEK m 283 229 818 656 891 Profit from property management, SEK m 188 151 549 430 583 Profit for the period, SEK m 338 151 715 505 726 Earnings per share after dilution, SEK 1.20 0.58 2.54 1.94 2.77 Net asset value (NAV) per share after dilution, SEK 36.49 31.98 36.49 31.98 33.66 Growth in net asset value (NAV) per share after dilution, % 3 2 8 9 15 Profit from property management per share after dilution, SEK 0.67 0.58 1.95 1.66 2.23 Growth in profit from property management per share after dilution, % 15 31 18 33 33 Loan-to-value ratio, % 49.1 48.4 49.1 48.4 47.9 Interest coverage ratio, multiple 3.2 3.2 3.2 3.1 3.1 Net debt/EBITDA, multiple 8.8 8.9 8.8 8.9 8.6 Remaining lease period, years 6.8 6.7 6.8 6.7 6.8 For definitions of key performance indicators and alternative performance measures, see Definitions. Significant events The Tröinge 6:124 property in Falkenberg.
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3Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Growing portfolio in strategic logistics locations During the quarter, we acquired properties for SEK 587 m, all in strategic logistics locations and with significant value-enhancement potential. The largest transaction was a further sale and leaseback transaction with DSV, involving a fully let logistics terminal of approximately 34,900 square meters in Gothenburg, with a remaining lease term of nine years. The property has a total site area of approximately 133,500 square meters, providing significant potential for future expansion. This was our third transaction with DSV in less than a year. Our collaboration began with a major sale and leaseback transaction involving four logistics properties. We also acquired a fully let, flexible property of approximately 4,200 square meters in the Fosie industrial area of Malmö, where we already own several properties. The property offers opportunities for value enhancement through energy efficiency projects, as well as potential extensions. We have maintained a consistent pace of acquisitions, having acquired and taken ownership of properties totalling approximately SEK 1,500 m so far this year. Conditions for further acquisitions remain favourable, supported by a loan-to-value ratio of 49.1%, an average interest rate of 3.5% at the end of the quarter, an initial yield of almost 6% and continued strong interest from banks. New developments and extensions to support tenant growth Many of our tenants are performing well and require additional space. Through close dialogue, we can anticipate their needs and provide solutions, either by extending their existing properties or developing new facilities. The quarter saw several examples of this. In Helsingborg, we signed a 12-year, fully index-linked lease agreement with an existing tenant for a new logistics property of approximately 24,700 square meters. The property will be developed on a site where we identified additional development potential in connection with an earlier acquisition, which we are now realising through the construction of a modern logistics facility. In Linköping, we are carrying out an extension and refurbishment of approximately 2,600 square meters for Hardford, which is extending its lease agreement by eight years in connection with the project. In Ljungby, Hårds Transport is expanding its premises by a further approximately 1,400 square meters. These transactions demonstrate the value of our close relationships with tenants and our ability to accommodate their growth within our existing portfolio. Positive net lettings and continued significant value-enhancement potential Strong demand from our tenants contributed to another quarter of positive net lettings, which amounted to SEK 38 m during the period. Profit from property management increased by 25% to SEK 188 m during the quarter, while profit from property management based on our current earnings capacity amounts to SEK 778 m. Filip Persson, CEO We delivered a strong third quarter, with positive net lettings, a high level of project activity and several acquisitions in strategic logistics locations. Our tenants continue to perform well and demand remains strong, while our solid financial position provides us with significant flexibility to capitalise on new business opportunities as they arise. Continued growth and development of our property portfolio We have also maintained a high level of project activity, with new extensions and lease renewals. Our development portfolio continues to account for approximately 49% of our total property portfolio, supported by acquisitions of properties with value-enhancement potential. Our property development activities also contribute to our sustainability objectives through initiatives such as environmental certification of new developments under construction and the installation of solar panels and energy-efficient lighting. Strong demand and resilient tenants despite global uncertainty The external environment remains uncertain, but we have seen no clear signs of this affecting our tenants’ willingness to invest in growth. On the contrary, the logistics market continues to expand and our tenants are performing well, with continued enquiries for both extensions to existing properties and new premises. With 100% of our portfolio index-linked, we are also well protected against the expected rise in inflation, unlike many other sectors. Strong financial position and strengthened organisation Our financial position remains strong. At the end of the quarter, our loan-to-value ratio was 49.1% and our interest coverage ratio was 3.2 times, both comfortably within our financial risk limits. Combined with strong cash flow, this gives us substantial financial flexibility to continue investing in acquisitions and property development without the need to raise additional equity. To capitalise on the business opportunities ahead, we have also strengthened our organisation by appointing Max Magnusson as Business Developer. His expertise and extensive network will enhance our ability to identify and pursue new business opportunities, increase our focus on new development projects and support the letting of larger premises within our portfolio. With a growing property portfolio, significant value-enhancement potential, approximately 80,000 square meters of construction projects under way representing investments of SEK 700 m and expected to generate an additional SEK 50 m in net operating income by the end of 2027, together with a strong acquisition pipeline, we are well positioned to deliver continued profitable growth.
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4Interim Report January – September 2026 – Swedish Logistic Property AB (publ) SLP shall acquire, develop and manage logistics properties with a focus on sustainability. Overarching goal Generate an average annual growth of at least 15% per share in net asset value (NAV) and profit from property management. Financial risk limitations Minimum interest coverage ratio of 2.5 x Maximum long-term loan-to-value ratio of 55% Minimum equity/assets ratio of 40% Overarching strategy In order to reach its overarching goals the company works with its own staff in five strategic areas: acquisitions, property development, property management, financing and sustainability. Acquisitions: The company grows its property portfolio by acquiring properties and building rights. The properties acquired are in strategic logistics locations and are suitable development targets. Property development: Properties are developed through new construction, extensions and conversions, and by optimising net operating income for the properties. Net operating income is optimized by letting vacant premises, renegotiating and extending lease agreements, and through increased energy efficiency and cost reduction activities. Property management: SLP’s property management is characterised by active customer dialogue, short decision paths and a long-term view. Financing: The company secures long-term, cost-effective financing while optimising the debt/equity ratio. Sustainability: SLP takes an ambitious approach to sustainability, with a strong commitment to environmental and social responsibility. Read more about our sustainability work on the following page. Outcome – overarching goal 16 15 810 33 18 2024 2025 2026-09 Growth in net asset value (NAV) per share after dilution, % Growth in profit from property management per share after dilution, % Dividend policy SLP shall continue to grow and therefore reinvest in its operations with the aim of generating further growth through property acquisitions and investments in new construction, conversions and extensions. This means that dividends will be low or zero over the coming years. 3,2 3,1 3,2 42,4 47,9 49,149,7 43,7 43,8 2024 2025 2026-09 Interest coverage ratio, multiple Loan-to value ratio, % Equity/assets ratio, % Outcome – financial risk limitations 135 Properties 6.8 years Remaining lease period 1,732,000 m2 Lettable area SEK 20,544 m Property value SEK 1,291 m Contractual annual rent 96% Letting ratio SLP at a glance 5,6 11,1 18,3 22,1 25,3 29,4 33,7 36,5 2019 2020 2021 2022 2023 2024 2025 2026-09 Net asset value (NAV) per share after dilution, SEK Change in net asset value (NAV) per share +15% +16% +15% +21% +65% +97% +8%
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5Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Geopolitical unrest shifts warehousing and production back to Sweden Global uncertainty and geopolitical tensions are leading companies to reassess their supply chains and relocate production and warehousing closer to domestic markets in order to reduce risk and increase delivery reliability. Increased defence spending Global uncertainty and geopolitical tensions are also leading to increased defence spending which, together with Sweden’s NATO membership, is driving new and rapidly growing demand for warehouse and logistics space. Growing demand for city logistics In order to address challenges such as crowding, environmental impact and delivery efficiency, there is growing demand for efficient logistics solutions, which makes city logistics an increasingly important area. City logistics are required to meet the need for fast, sustainable deliveries in urban environments. Growing demand for modern refrigerator and freezer warehousing Global trade and high consumer expectations on availability of foods are driving growing demand for modern refrigerator and freezer delivery and warehousing. This is critical for ensuring product quality and shelf life, which requires investments in new technology and infrastructure. E-commerce and digital maturity leads to changing behaviours Digital maturity and growth in e-commerce in Sweden have changed consumer behaviour, creating new challenges and opportunities for the logistics sector to manage increased online trade and expectations for rapid delivery, as well as demands for more sustainable supply chains. Developments on the logistics market Challenging external environment A challenging external environment places high demands on being an active property owner, maintaining close dialogue, and working in close collaboration with tenants to create long-term value for both parties.
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6Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Our Responsibility- sustainability framework We have chosen to call our sustainability framework Our Responsibility. It spans three focus areas – Planet, People and Business – and includes the company’s key sustainability areas. Our Responsibility contains concrete goals, KPIs and activities in each focus area and is founded on a double materiality assessment and stakeholder dialogues. For each focus area in the sustainability framework, targets have been formulated and adopted by the company’s Board of Directors. See the sustainability targets to the right and the follow-up on target achievement on the following page. Several of the sustainability targets are monitored and reported on a quarterly basis, while certain targets are reported annually, as indicated in the table. CSRD and statutory requirements SLP has carried out a double materiality assessment in accordance with the requirements set out in the EU’s sustainability reporting standards (ESRS). The outcome of the double materiality assessment has been approved by SLP’s Board of Directors and forms the basis for the sustainability work and Sustainability Statement for 2026. At the end of 2025, the EU adopted the Omnibus Directive. SLP is currently awaiting clarification on how the Directive will be implemented in Swedish law, and whether and when SLP will be in scope. Sustainability Statement This in an interim report and includes elements of SLP’s sustainability work and follow-up of targets. A comprehensive overview of the company’s sustainability work and target achievement is published annually in the Annual Report and Sustainability Statement. Read more about our sustainability work here: link to the Sustainability Statement. Sustainability - targets SLP strives to ensure sustainable working methods that contribute to improving the environment and society, today and for the future. We consider sustainability an integral part of our business model and daily operations. PLANET Material topics • Climate change mitigation • Climate change adaptation • Energy • Resource inflows, incl. resource consumption Targets Ongoing • 100% renewable electricity • 100% Environmentally certified new production in accordance with the Sweden Green Building Council Silver level or equivalent • Reduce energy consumption by 15% over five years – comparable portfolio. By 2027 • 70% of the lettable area should be environmentally certified according to BREEAM In-Use Very Good or an equivalent standard. • The installed capacity of solar panel systems should reach 25 MWp. • Reduce the lettable area from properties with energy class F and G through development – maximum 5% by year-end. By 2030 • 100% fossil-free energy • Net zero carbon emissions from property management (Scope 1 and 2) By 2040 • Net zero carbon emissions PEOPLE Material topics • Working conditions throughout the value chain • Health and safety for our employees, contracted staff and tenants • Diversity and equal treatment in own operations Targets Ongoing • eNPS >45 • <2% short-term sick leave for our employees • <3% short-term sick leave for our employees • Zero serious accidents or fatalities in the own workforce, including contracted contractors • 40–60% gender balance among employees, executive management and the Board of Directors • >80% satisfied tenants BUSINESS Material topics • Responsible business practices: • Corporate culture • Corruption and bribery • Management of relationships with suppliers • Protection of whistle-blowers • Long-term return Targets Ongoing • Zero tolerance of corruption • All key suppliers shall sign our Code of Conduct • All key contracting suppliers must conduct self-assessments based on the Code of Conduct. By 2027 • 85% sustainable loans (excluding sustainability-linked financing) Shift in energy classes One of SLP’s sustainability targets for 2027 is to reduce the proportion of lettable area in properties with energy performance ratings of F and G through property improvements, to a maximum of 5% by the end of the year. This is an ongoing process, and energy performance certificates are not only an important tool for assessing the energy performance of the property portfolio, with A representing buildings with very low energy consumption and G those with high energy consumption, but also form the basis for determining the proportion of SLP’s loans that qualify as sustainable. As at 30 September 2026, 32% of the lettable area had an energy performance rating of A, 37% a rating of B, 24% a rating of C and only 7% a rating of D–G.
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7Interim Report January – September 2026 – Swedish Logistic Property AB (publ) 100% Environmentally certified new production 2% Properties with energy class F and G 95% Sustainable financing Sustainability - goal attainment Key performance indicators 2026-09 2025-09 2025 Goal Planet Renewable electricity, % - - 100 100% Fossil-free energy, % - - 91 100% by 2030 Energy intensity, Change in comparable holding, % - base year 2021 - base year 2022 - base year 2023 - - -22% -25% -12% Reduce by 15% over five years Installed solar panel systems, MWp 25.7 21.1 21.9 25 MWp by 2027 Scope 1, tonne CO2e - - 11 Climate-neutral property management by 2030 Scope 2 - market based, tonne CO2e - - 435 Climate-neutral property management by 2030 Scope 2 - location based, tonne CO2e - - 633 Scope 3, tonne CO2e - - 27,085 Total emissions Scope 1, 2 and 3 - market based, tonne CO2e - - 27,531 Net zero by 2040 Environmentally certified area, % 63 67 67 70% by 2027 Environmentally certified new production, % 100 100 100 100% Share of lettable area in properties with energy class F and G, % 2 3 3 Max 5% by 2027 People Employee willingness for recommendation, eNPS 75 93 92 >45 Short-term sick leave, % - - 0.3 <2 Long-term sick leave, % - - 0.0 <3 No. of serious accidents or fatalities in the operations - - - 0 Proportion of women/men, % - Board - Management - Office workers 33/67 33/67 42/58 33/67 33/67 29/71 33/67 33/67 33/67 40–60% gender balance Satisfied tenants, % - 81 81 >80 Business Corruption charges, no. 0 0 0 0 Suppliers that have signed the Code of Conduct, % 100 100 100 100% Contractor suppliers self-assessed against the Code of Conduct, % - - 100 100% Sustainable loans, % 89 87 83 85% by 2027 Sustainable financing, % 95 97 95 - 4 14 18 22 26 0 5 10 15 20 25 30 2022 2023 2024 2025 2026-09 Progress, installed solar panel systems, MWp 12 25 62 67 63 0 10 20 30 40 50 60 70 2022 2023 2024 2025 2026-09 Progress, proportion of environmentally certified area, % 41 53 78 83 89 0 10 20 30 40 50 60 70 80 90 2022 2023 2024 2025 2026-09 Progress sustainable loans, %
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8Interim Report January – September 2026 – Swedish Logistic Property AB (publ) SLP’s properties are strategically situated in prime logistics locations across Sweden. At the end of the period, the property holding encompassed 135 properties with a total lettable area of 1,732,000 square meters, including major ongoing projects. In order to present differences in the character of the property holdings according to whether the intention is to acquire, develop or manage the properties, we have divided the holdings into the following categories: property management, development, projects and building rights. Property management This category includes properties that are essentially fully developed and thereby generate stable cash flows. Development This category covers the properties characterized by their potential to create value. It may for example include substantial vacancies, rental potential or the opportunity for cost reductions. Projects To create attractive logistics properties, ongoing new construction projects are carried out as well as adaptations for tenants in the form of conversions and extensions. Building rights Acquiring properties that also have building rights and exploiting the building rights in existing holdings increase the lettable area further. The following table presents the distribution of the property holdings according to this categorisation and the current earnings ability as of 1 October 2026. 12,800 m2 Average lettable area per property SEK 156/m2 Difference in net operating income for investment properties and development properties 49% Percentage of development properties Property portfolio No. of properties Lettable area m2 (000) Property value Rental value Letting ratio, % Rental income Property costs incl. property admin. Net operating income SEK m SEK/m2 SEK m SEK m SEK/m2 SEK m SEK/m2 SEK m SEK/m2 Property management 74 801 11,122 13,883 688 98.7 679 859 54 67 625 781 Property development 59 852 9,008 10,576 654 93.5 611 806 79 93 532 625 Total 133 1,653 20,131 12,179 1,342 96.2 1,291 833 133 81 1,158 700 Ongoing projects 2 79 159 2,002 Building rights 254 Total 135 1,732 20,544 11,860 The summary relates to properties owned by SLP at the end of the period. Rental values relate to contractual rent plus annualized vacancies. Net operating income relates to contractual rent less normalised property costs including property administration. Rental income SEK/m2 is based on the area let in each category. The judgements and assumptions that form the basis for the information contained in this table imply uncertainties and the information should not be viewed as a forecast. Property portfolio 36% 32% 32% South Middle East The distribution is based on property value at the end of the period.
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9Interim Report January – September 2026 – Swedish Logistic Property AB (publ) To create attractive logistics properties, SLP carries out ongoing new construction projects as well as adaptations for tenants in the form of conversions and extensions. The projects are carried out in close collaboration with our tenants. Major ongoing projects At present, four major investment projects are in progress relating to two new constructions and two extensions over a total area of 79,200 square metres. Ten-year lease agreements have been signed for the both new developments, while an eight-year lease agreement has been signed for the extension in Falkenberg. In connection with the extension in Ulricehamn, the lease agreement for the entire property was extended by ten years. One major project was completed during the period, with the tenant taking occupancy of a 38,500-square-meter new-build project in Falkenberg in March 2026. The table to the right presents ongoing projects with a value of over SEK 25 m. Other projects In addition to the projects in the table, several smaller rent-generating, cost-reducing or energy-saving projects are continuously in progress. Approximately 190 smaller projects are currently in progress. During the period, SEK 55 m was invested in energy-saving projects and SEK 157 m in other projects, primarily relating to minor conversions and extensions to existing properties. Upcoming projects During the third quarter, it was confirmed that SLP will carry out an extension and refurbishment of the Glaskulan 19 property in Linköping and develop a new logistics property of approximately 25,000 square meters on the Torbornahögen 3 property in Helsingborg. The new development is subject to regulatory approvals, and these projects will only be included in the financial reporting once construction has commenced. SLP has also acquired a land property of 32,000 square meters in Eskilstuna, with the potential to develop up to 16,000 square meters of building space. Major ongoing projects > SEK 25 m Property Municipality Type of investment Planned completion date Lettable area m 2 (000) Rental value, SEK m Net operating income, SEK m Letting ratio, % Investment, SEK m Estimated Carrying amount Äringen 4 Jönköping New construction Q3 2027 21.6 16.5 15.5 100 231 64 Tjockoljan 3 Malmö New construction Q3 2027 27.1 21.8 18.9 100 285 77 Tröinge 6:90 Falkenberg Extension Q3 2027 7.2 4.5 4.2 100 63 7 Rönnedal 1 Ulricehamn Extension Q3 2027 23.3 8.5 8.0 100 117 12 Total 79.2 51.3 46.6 100 696 159 Information about projects in the report is based on estimates regarding size and scope, and expected completion dates. Furthermore, the information is based on estimates relating to future project costs and rental values. The judgements and assumptions should not be viewed as a forecast and they imply uncertainties in terms of project completion, structure and scale, time plan, project costs and future rental value and net operating income. Information about ongoing construction and planned projects is evaluated regularly, and judgements and assumptions are adjusted in line with ongoing construction projects being completed or started, and changing conditions generally. 266 211 157 960 282 14182 2024 103 2025 55 2026 Jan-Sep 1,308 596 353 Major ongoing projects > 25 SEK m Energy-saving projects Other projects Development of the Tröinge 6:90 property in Falkenberg In April 2026, SLP announced that it had signed a lease agreement with Essity for approximately 23,000 square meters for the Tröinge 6:90 logistics property in Falkenberg. The lease runs for eight years, with commencement on 1 January 2027, at which point the current tenant will vacate the property. SLP will also carry out an extension of approximately 7,000 square meters, which is expected to be completed in the third quarter of 2027. The investment amounts to approximately SEK 63 m, and the lease term is the same as for the existing building. Once completed, the lease agreement will cover a total of approximately 30,000 square meters. Planning permission was granted in the third quarter of 2026, allowing the project to commence. Projects Once again, we have signed a new lease agreement well before the existing tenant vacates the property. This demonstrates the strength of our attractive properties in strategic locations and our ability to create value through active property management and development”, says Filip Persson, CEO of SLP.
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10Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Acquisitions of development properties are a central part of SLP’s growth strategy. Four transactions took place in the period. Acquisitions SLP acquired and took ownership of five properties during the period, which increased lettable area by 161,000 square meters and rental value by SEK 98 m. In March, SLP acquired and took ownership of two logistics properties in Linköping and Örebro, respectively, in a sale and leaseback transaction with DSV. The properties have a total lettable area of 28,000 square meters, and the agreed property value amounts to SEK 393 m. The properties are fully let with an average lease duration of nine years. In March, SLP also acquired and took ownership of a logistics property in Jönköping in a sale and leaseback transaction with IKEA. The property has a lettable area of approximately 94,000 square meters and a total land area of approximately 176,000 square meters. The agreed property value amounted to SEK 502 m. In connection with the acquisition, a fully indexed 10-year lease was signed covering 64,000 square meters, corresponding to approximately 68% of the total area. In September, SLP acquired and took ownership of a logistics property in Gothenburg in another sale and leaseback transaction with DSV. The property, which is fully let with a remaining lease term of nine years, has a lettable area of approximately 35,000 square meters and a total site area of approximately 134,000 square meters. The agreed property value amounted to SEK 514 m. Furthermore in September a logistics property in Malmö was acquired and taken ownership of, with an agreed property value of SEK 73 m. The property, which is fully let, has a lettable area of approximately 4,000 square meters and a average remaining lease term of approximately 2.5 years. 506 2 043 2 171 1 288 1 504 1 747 4 089 1 482 -1 000 0 1 000 2 000 3 000 4 000 5 000 2019 2020 2021 -144 2022 -9 2023 2024 2025 2026 Jan-Sep Transactions volume acquisitions, SEK m Transactions volume sales, SEK m Transaction volume and number of transactions, SEK m Transactions Property Transaction Location Access date Rental value, SEK m Lettable area, m2 (000) Distributören 3 & 4 Acquisition Örebro 19/03/2026 17.0 17.2 Maskinen 3 Acquisition Linköping 19/03/2026 10.2 10.8 Barnarps-Kråkebo 1:37 Acquisition Jönköping 31/03/2026 26.6 94.0 Backa 107:3 Acquisition Gothenburg 15/09/2026 39.2 34.9 Stenåldern 5 Acquisition Malmö 29/09/2026 5.3 4.2 Total 98.3 161.1 Transactions Number of transactions 11 8 15 13 9 11 8 4 4 Transactions 161,000 m2 Acquired lettable area SEK 98 m Rental value of acquired properties
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11Interim Report January – September 2026 – Swedish Logistic Property AB (publ) SLP’s portfolio of contracts is long term and the properties are developed and managed in close collaboration with the tenants. The tenants operate in a variety of industries, which is deemed to reduce the risk of vacancies and rental losses. Lease agreement structure The company aims to ensure long and evenly spaced lease periods in order to minimize risk. At the end of the period, the remaining lease period was 6.8 years (6.7). Contracts representing 60% of the contractual annual rent expire after 2031. Contractual annual rent was divided between 403 contracts (380) at the end of the period. The tenants operate in a variety of industries, the largest being transport and logistics, and food retail. Rental value The rental value of SLP’s lease agreements, i.e. the contractual annual rent plus estimated market rent for vacant premises, amounted to SEK 1,342 m (1,068) at the end of the period. This corresponds to a rental value of SEK 812/m2 (787). Contractual annual rent of SEK 1,291 m was impacted by rental discounts of SEK 16 m annually. 100% of the contractual annual rent is indexed through lease agreements linked to the CPI or has fixed increases, see the table Agreement structure – indexation. Letting ratio At the end of the period, the letting ratio was 96.2% (96.5). The lower letting ratio is attributable to the acquired vacancy of approximately 30,000 square meters in the property in Jönköping. 10 largest tenants The 10 largest lease agreements at the end of the period accounted for 40% of the contractual annual rent and had an average remaining lease period of 8.9 years. Net leasing income Net leasing income amounted to SEK 38.1 m (6.2) in the period. Expires in No. of lease agreements Area, m 2 (000) Contractual annual rent, SEK m Share of annual rent, % 2026 58 44 40 3 2027 69 117 100 8 2028 55 106 74 6 2029 65 135 112 9 2030 35 114 109 8 2031 18 92 85 7 >2031 103 941 772 60 Total 403 1,549 1,291 100 Maturity structure 3,7 7,1 6,4 6,2 6,4 6,4 6,8 6,8 2019 2020 2021 2022 2023 2024 2025 2026-09 Remaining tenancy period, years Type of index/increase Share of annual rent, % CPI-indexed agreements 79 CPI-indexed agreements with floors and/or caps for indexation 18 Fixed rent increases 3 No index/increase 0 Agreement structure - indexationRemaining lease period 40% 60% 10 largest tenants, share of annual rent Other tenants, share of annual rent 10 largest tenants DSV PostNord Ahlsell Artifex Systems (part of Tata Group) Dagab Inköp & Logistik Hedin parts and logistics Ingka Speed Logistics Seafrigo Mitsubishi 6,8 8,9 5,1 2026-09 Remaining tenancy period Remaining tenancy period, 10 largest tenants Remaining tenancy period, other tenants 6.8 years Remaining lease period 100% Indexed lease agreements SEK 1,291 m Contractual annual rent 96% Letting ratio SEK 38.1 m Net leasing income SEK 812 Rental value SEK/m2 Tenants
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12Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Current earnings ability excl. major ongoing projects SEK m 01/10/2026 01/01/2026 01/01/2025 01/01/2024 01/01/2023 01/01/2022 31/12/2020 31/12/2019 Rental income 1,291 1,155 820 652 509 359 214 60 Property costs -126 -123 -111 -97 -89 -66 -44 -15 Property administration -7 -7 -5 -5 -5 -4 -1 -1 Net operating income 1,158 1,025 704 549 415 289 169 44 Central administration costs -24 -24 -24 -23 -22 -19 -16 -13 Financial income 0 9 4 25 0 0 0 0 Financial expenses -346 -321 -202 -186 -129 -57 -30 -4 Ground rent -10 -4 -3 -2 -2 -3 -2 0 Profit from property management 778 685 479 363 262 211 122 26 Tax for the period -160 -141 -99 -75 -54 -43 -25 -5 Profit for the period 618 544 380 288 208 167 97 21 Key performance indicators Profit from property management per share after dilution, SEK 2.76 2.43 1.83 1.60 1.43 1.43 0.89 0.27 Current earnings ability The table reflects the company’s earnings ability on a 12- month basis as of 1 October 2026 based on properties where SLP had taken ownership as of the record date, excluding major ongoing projects. Because this summary does not represent a forecast, and aims to reflect a normal year, actual outcomes may vary due to decisions and unexpected events. Earnings ability does not include estimated changes in rental, vacancy or interest rates. Neither does the earnings ability presented take into account value changes, changes to the property holdings or derivatives. Net operating income is based on contractual annual rent as of 1 October 2026 and property costs based on a normal year for the current holdings excluding major ongoing projects. Rental income is impacted by rental discounts of SEK 16 m annually. Taking this discount into account, the initial yield amounts to 5.8%. Financial income is based on the company’s cash and cash equivalents on the Balance Sheet date at the applicable deposit rate. Financial expenses are based on the company’s interest rate at the end of the period including interest rate derivatives for interest-bearing liabilities on the balance sheet date, adjusted for borrowing attributable to major ongoing projects. From time to time, financing is temporarily more expensive in connection with acquisitions and new construction, this has been normalised in the calculation of net financial items. Tax has been calculated at a standard rate on the basis of the applicable tax rate at each point in time. 44 169 289 415 549 704 1 025 1 158 26 122 211 262 363 479 685 778 19-12-31 20-12-31 22-01-01 23-01-01 24-01-01 25-01-01 26-01-01 26-10-01 +2 532% Net operating income, SEK m Profit from property management, SEK m Current earnings ability, SEK m Current earnings ability
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13Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Profit/loss items relate to the period January to September 2026. Comparison items relate to the corresponding period of the previous year. Statement of comprehensive income SEK m 2026 Jul-Sep 2025 Jul-Sep 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec Rental income 313 255 920 744 1,015 Property costs -29 -25 -96 -82 -116 Property administration -1 -1 -5 -6 -7 Net operating income 283 229 818 656 891 Central administration costs -7 -7 -20 -21 -27 Financial income 1 1 4 2 4 Financial expenses -86 -71 -250 -204 -280 Ground rent -1 -1 -3 -3 -4 Profit from property management 188 151 549 430 583 Value changes Investment properties 150 15 277 264 414 Derivatives 101 29 90 -37 -22 Profit/loss before tax 439 195 916 657 974 Tax -101 -43 -200 -152 -249 Profit for the period 338 151 715 505 726 Comprehensive income for the period 338 151 715 505 726 Comprehensive income for the period attributable to Parent Company shareholders 338 151 715 505 726 Key performance indicators Earnings per share before dilution, SEK 1.20 0.58 2.54 1.94 2.78 Earnings per share after dilution, SEK 1.20 0.58 2.54 1.94 2.77 Average number of shares after dilution, m 282.1 260.4 281.1 260.0 261.6 Rental income Rental income amounted to SEK 920 m (744). The increase compared with the previous year is mainly attributable to a larger property portfolio resulting from a high acquisition rate, occupancy in newly constructed projects, development projects, new lettings, and CPI adjustments. The letting ratio was 96.2% (96.5). The lower letting ratio is attributable to the acquired vacancy during the year of approximately 30,000 square meters in the property in Jönköping. Property costs Property costs amounted to SEK -96 m (-82). Property costs include operating, utilities, and maintenance costs, and property tax and insurance. Most of the costs associated with utilities and property tax are invoiced to tenants. The increase in property costs compared with the previous year is attributable to a larger property portfolio as a result of a high acquisition rate, higher utility costs—partly offset by completed energy projects—and higher snow removal costs. Property administration Property administration amounted to SEK -5 m (-6) and relates to staff costs for property management and letting. Net operating income Net operating income for the period amounted to SEK 818 m (656). For comparable holdings, net operating income increased by 2% on the previous year. The increase related to leases, CPI adjustments of rents of 0.9% and ongoing value-adding projects in the properties, including investments in energy-saving measures. Income, expenses and profit
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14Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Central administration costs Central administration costs amounted to SEK -20 m (-21), equivalent to 2.2% (2.8) of rental income. Central administration costs include personnel costs, group-wide costs, marketing costs and legal fees in relation to acquisitions. Net financial income/expense Net financial items for the period amounted to SEK -246 m (-202). The higher year-on-year financial expenses primarily related to new borrowing as a result of the increased property holding. The interest coverage ratio was 3.2 (3.1), compared to the financial risk threshold of a minimum multiple of 2.5. Ground rent for the period amounted to SEK -3 m (-3). Profit from property management Profit from property management for the period amounted to SEK 549 m (430). Value change in investment properties All properties were subject to an external valuation by Newsec at the end of the period. The value change in the properties amounted to SEK 277 m (264) and related entirely to unrealized value changes. Unrealized value changes were positively affected during the period by new lettings and new construction projects, deductions for deferred tax in connection with acquisitions and value creating energy projects. Unrealized value changes were negatively affected by an adjusted inflation assumption of 1.0% for rental income in 2027, compared to an assumption of 1.5% at the start of 2026. The long-term assumption from 2028 onwards is 2.0%. 100% of the company’s rents are indexed. The average direct return requirement in the valuations was 5.8% (5.9). Value change in derivatives Unrealized value changes in derivatives amounted to SEK 90 m (-37). The positive value change is linked to higher market interest rates for interest rate derivatives, compared to the start of the year. Tax The tax cost for the period amounted to SEK -200 m (-152) and was primarily due to deferred tax on unrealized value changes on investment properties and derivatives, tax depreciation, untaxed reserves, carry-forwards of tax losses and current tax. Profit for the period Profit for the period amounted to SEK 715 m (505), corresponding to earnings per share after dilution of SEK 2.54 (1.94). Rental income, SEK m Profit from property management, SEK m Net operating income, SEK m 190 301 430 516 744 920 2021 Jan-Sep 2022 Jan-Sep 2023 Jan-Sep 2024 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep +384% Rental income, SEK m 153 241 362 445 656 818 2021 Jan-Sep 2022 Jan-Sep 2023 Jan-Sep 2024 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep +435% Net operating income, SEK m 103 145 228 286 430 549 2021 Jan-Sep 2022 Jan-Sep 2023 Jan-Sep 2024 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep +433% Profit from property management, SEK m
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15Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Balance sheet items relate to the position at the end of the period. Comparison items relate to closing balances for the corresponding period of the previous year. Statement of financial position in summary SEK m 30/09/2026 30/09/2025 31/12/2025 ASSETS Non-current assets Investment properties 20,544 16,436 18,491 Leasing agreements, right of use 314 133 139 Derivatives 78 - - Other non-current assets 6 7 7 Total non-current assets 20,942 16,576 18,636 Current assets Other current assets 123 82 113 Cash and cash equivalents 6 191 569 Total current assets 128 273 682 TOTAL ASSETS 21,070 16,849 19,318 EQUITY AND LIABILITIES Equity 9,233 7,437 8,447 Non-current liabilities Deferred tax liability 1,138 851 971 Non-current lease liability, right of use 315 132 139 Non-current interest-bearing liabilities 5,544 6,822 8,081 Derivatives - 27 12 Total non-current liabilities 6,997 7,833 9,203 Current liabilities Current interest-bearing liabilities 4,554 1,323 1,340 Other current liabilities 287 256 328 Total current liabilities 4,841 1,579 1,668 TOTAL EQUITY AND LIABILITIES 21,070 16,849 19,318 SEK m Share capital Other capital contributions Retained earnings incl. profit for the year Total equity Opening equity as of 1 Jan 2025 2 4,193 2,691 6,885 Profit/loss for the year 0 0 505 505 Total comprehensive income 0 0 505 505 Capital raisings 0 47 0 47 Transaction costs net after tax 0 0 0 0 Total capital raisings 0 47 0 47 Closing equity as of 30 Sep 2025 2 4,239 3,196 7,437 SEK m Share capital Other capital contributions Retained earnings incl. profit for the year Total equity Opening equity as of 1 Jan 2026 2 5,029 3,416 8,447 Profit/loss for the year 0 0 715 715 Total comprehensive income 0 0 715 715 Capital raisings 0 71 0 71 Transaction costs net after tax 0 0 0 0 Total capital raisings 0 71 0 71 Closing equity as of 30 Sep 2026 2 5,099 4,132 9,233 Financial position Statement of changes in equity
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16Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Investment properties At the end of the period, the property holding encompassed 135 properties with a total lettable area of 1,732,000 square meters, including major ongoing projects. The carrying amount for all properties amounted to SEK 20,544 m (16,436) at the end of the period, including SEK 159 m (286) relating to major ongoing projects and SEK 254 m (211) relating to building rights. 100% of the building rights have zoning plans in place and these are expected to generate construction of approximately 310,000 square meters of lettable area. The estimated investment for this totals approximately SEK 3,100 m. Valuation method and completion The properties are recognized at fair value in accordance with IFRS 13 Level 3. The company’s policy is that all of the property holdings are valued externally on a quarterly basis. The main method used in the valuation is cash flow calculations, which determine the present value of net operating income, investments and residual value. The calculation period is adjusted based on the remaining term of existing lease agreements and ranges from 5 to 25 years. Of the company’s rents, 100% are index-linked and inflation is assumed at 1.0% for rental income in 2027 and 2.0% from 2028 and onwards. All properties were subject to an external valuation by Newsec at the end of the period. The average direct return requirement in the valuations was 5.8%. Ongoing projects are valued according to the same principle as for investment properties, but with a deduction for the remaining investment. Unrealised value changes are added depending on the phase the project is in and the estimated remaining risk. Transactions During the period, SLP completed and took ownership of four acquisitions totalling approximately SEK 1,500 m. The acquisitions comprises five properties with a total lettabe area of approximately 161,000 square meters. Read more about acquisitions carried out in the Transactions section. New construction, conversions and extensions During the period, a total of SEK 353 m (397) was invested in existing property holdings, in new construction, conversions and extensions, energy investments as well as other investments. Other investments mainly relate to minor conversions and extensions. Leasing agreements, right of use Parts of the property holding include right-of-use agreements that generate right-of-use assets and lease liabilities. During leasehold interests were acquired in connection with the acquisition of Backa 107:3 in Gothenburg and the new development in Malmö. 774 2019-12 2020-12 2021-12 2022-12 2023-12 2024-12 2025-12 2026-09 3,352 6,498 8,133 10,114 Investment properties, SEK m Value growth of investment properties Change in investment properties SEK m Opening value as of 1 Jan 2026 18,491 + Property acquisitions 1,424 +Investments 353 -Divestments - +/-Value changes 277 Closing value as of 30 Sep 2026 20,544 Change in net asset value (NAV) per share 5,60 11,10 18,28 22,05 25,26 29,39 33,66 36,49 2019 2020 2021 2022 2023 2024 2025 2026-09 Net asset value (NAV) per share after dilution, SEK Sensitivity analysis Change Impact, SEK m Market rent +/- 5% +/- 759 Direct return +0.5 pp - 869 Direct return -0.5 pp + 1,034 Comments on the statement of financial position 13,489 18,491 +15% +16% +15% +21% +65% +97% 20,544 +8%
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17Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Equity Group equity amounted to SEK 9,233 m (7,437), corresponding to an equity/assets ratio of 43.8% (44.1) compared to the risk threshold minimum of 40%. Equity has been positively affected by profit for the period of SEK 715 m and by the full exercise of warrants of series 2023/2026 which contributed approximately SEK 67.4 m. Moreover, all permanent employees have acquired warrants within the framework of the incentive programme authorized at the 2026 AGM, corresponding to 700,000 shares, which contributed SEK 3.3 m to the company. Interest-bearing liabilities The Group’s interest-bearing liabilities amounted to SEK 10,097 m (8,145), corresponding to a loan-to-value ratio of 49.1% (48.4) compared to the long-term risk threshold of a maximum of 55%. Net debt/EBITDA was a multiple of 8.8 (8.9). All liabilities are comprised of secured bank financing with Nordic banks. The change in interest-bearing liabilities is linked to the financing of acquisitions. At the end of the period, the average interest rate including interest rate derivatives was 3.5% (3.5), of which the average credit margin was 1.28% (1.34). The average fixed interest period was 1.7 years (2.0) and the average period of capital tied up was 1.3 years (1.9). The target average period for capital tied up is around two years in order to optimize capital costs and refinancing opportunities. The company is continuously working to raise new loans on acquired, fully unencumbered properties and renegotiate existing loans, and the majority of the short-term loans mature in 7–12 months. The portfolio of interest rate derivatives comprises swaption agreements totalling SEK 550 m starting in 2027-2028 with an average term of 3.0 years and an average contractual interest rate of 2.7%, which have not been taken into account in the fixed interest period. The proportion of loans with interest rate hedging via derivatives was 67%. The existing loan portfolio has been renegotiated to sustainable secured bank loans, which means that the proportion of sustainable loans was 89 percent (87) at the end of the period and 95 percent (97) including sustainability-linked loans. The financing agreements are based on parts of SLP’s property portfolio that are either environmentally certified according to specific standards or have low energy consumption. The sustainable bank loans contain a margin discount of 5-10 basis points per annum compared to existing loans. Cash and cash equivalents Cash and cash equivalents amounted to SEK 6 m (191) at the end of the period. In addition to these cash and cash equivalents, available funds include an undrawn overdraft facility of SEK 169 m and approved but undrawn secured property loans of SEK 1,087 m. Loan portfolio Sensitivity analysis Change, 3m STIBOR Annual impact, SEK m Financial expenses +0.5 pp - 14 Financial expenses - 0.5 pp + 14 Maturity structure Credit agreement Approved SEK m Of which utilised Proportion of utilised amount, % 0-1 years 4,461 4,423 44 1-2 years 4,467 4,467 44 2-3 years 2,294 1,207 12 3-4 years 0 0 0 4-5 years 0 0 0 Total 11,222 10,097 100 Interest maturity structure Maturity date SEK m 0-1 years 5,332 1-2 years 965 2-3 years 1,450 3-4 years 1,225 4-5 years 1,125 Total 10,097 Interest rate hedging via interest rate swaps Maturity SEK m Fixed interest, %* Contractual interest rate, %* 0-1 years 1,980 1.8 -0.2 1-2 years 965 2.1 0.1 2-3 years 1,450 2.6 0.6 3-4 years 1,225 2.5 0.5 4-5 years 1,125 2.6 0.6 Total 6,745 * Contractual interest rate comprises the differences between fixed interest and 3 months Stibor as of 30 September 2026. Financing 2,7 1,7 1,71,8 1,8 1,3 3,8% 3,5% 3,5% 0% 2% 4% 0 1 2 3 4 2024-12 2025-12 2026-09 Räntebindning, år Kapitalbindning, år Genomsnittlig ränta, %
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18Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Statement of cash flow SEK m 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec Operating activities Operating profit before financial items 798 635 863 Adjustment for depreciation/amortization 2 1 2 Adjustment for other items not affecting cash flow - - 0 Interest received 4 2 4 Interest paid -252 -194 -265 Tax paid -8 -13 -13 Cash flow from operating activities before change in working capital 544 432 591 Cash flow from change in working capital Change in current receivables -9 41 20 Change in current liabilities -103 -98 -66 Cash flow from operating activities 432 375 545 Investing activities Investments in existing properties and projects -353 -397 -596 Investments in other non-current assets 0 -2 -2 Investments in investment properties -1,389 -2,215 -3,539 Divestment of investment properties - - - Cash flow from investing activities -1,742 -2,614 -4,136 Financing activities New share issue, net 71 0 787 Borrowing 845 2,391 3,484 Amortisation of loans -169 -114 -263 Cash flow from financing activities 747 2,278 4,007 Cash flow for the period -563 38 416 Opening cash and cash equivalents 569 153 153 Closing cash and cash equivalents 6 191 569 91 167 212 264 432 544 0 100 200 300 400 500 600 2021 Jan-Sep 2022 Jan-Sep 2023 Jan-Sep 2024 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep Cash flow from operating activities before change in working capital, SEK m Cash flow The Maskinen 3 property in Linköping. Cashflow from operating activities before change in working capital, SEK m
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19Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Key performance indicators 2026 Jul-Sep 2025 Jul-Sep 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec 2024 Jan-Dec 2023 Jan-Dec 2022 Jan-Dec Property-related KPIs 3 months 3 months 9 months 9 months 12 months 12 months 12 months 12 months Rental income, SEK m 313 255 920 744 1,015 710 585 411 Net operating income, SEK m 283 229 818 656 891 610 487 327 Letting ratio, % 96.2 96.5 96.2 96.5 96.7 96.5 94.6 95.0 Remaining lease period, years 6.8 6.7 6.8 6.7 6.8 6.4 6.4 6.2 Net leasing income, SEK m 4.2 0.9 38.1 6.2 6.8 26.1 76.3 11.7 Rental value, SEK m 1,342 1,068 1,342 1,068 1,194 850 689 535 Rental value, SEK/m2 812 787 812 787 822 784 780 737 Property value, SEK m 20,544 16,436 20,544 16,436 18,491 13,489 10,114 8,133 Property value, SEK/m2 11,860 11,775 11,860 11,775 12,405 11,744 10,488 10,988 No. of properties 135 122 135 122 127 110 98 86 Lettable area, m2 (000) 1,732 1,396 1,732 1,396 1,491 1,149 964 740 Average lettable area per property, m2 (000) 12.8 11.4 12.8 11.4 11.7 10.4 9.8 8.6 Direct return requirement valuation, % 5.8 5.9 5.8 5.9 5.9 5.9 5.9 5.6 Initial yield, % 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.3 Financial KPIs 3 months 3 months 9 months 9 months 12 months 12 months 12 months 12 months Profit from property management, SEK m 188 151 549 430 583 398 303 197 Excluding listing expenses, SEK m - - - - - - - 222 Profit for the period, SEK m 338 151 715 505 726 587 308 419 Equity/assets ratio, % 43.8 44.1 43.8 44.1 43.7 49.7 47.2 43.7 Loan-to-value ratio, % 49.1 48.4 49.1 48.4 47.9 42.4 41.7 49.6 Interest coverage ratio, multiple 3.2 3.2 3.2 3.1 3.1 3.2 2.9 3.6 Excluding listing expenses, multiple - - - - - - - 3.9 Net debt/EBITDA, multiple1 8.8 8.9 8.8 8.9 8.6 8.4 8.0 10.3 Average interest, % 3.5 3.5 3.5 3.5 3.5 3.8 4.1 3.2 Fixed interest period, years 1.7 2.0 1.7 2.0 1.7 2.7 2.3 1.8 Capital tied up, years 1.3 1.9 1.3 1.9 1.8 1.8 1.7 1.9 Return on equity, % 3.7 2.0 8.1 7.0 9.4 9.7 6.9 13.5 Equity, SEK m 9,233 7,437 9,233 7,437 8,447 6,885 5,170 3,702 Equity after dilution, SEK m 9,233 7,504 9,233 7,504 8,514 6,952 5,170 3,714 Key performance indicators 2026 Jul-Sep 2025 Jul-Sep 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec 2024 Jan-Dec 2023 Jan-Dec 2022 Jan-Dec Share-related KPIs 3 months 3 months 9 months 9 months 12 months 12 months 12 months 12 months Profit before dilution, SEK 1.20 0.58 2.54 1.94 2.78 2.48 1.56 2.41 Profit after dilution, SEK 1.20 0.58 2.54 1.94 2.77 2.48 1.55 2.39 Net asset value (NAV) after dilution, SEK 36.49 31.98 36.49 31.98 33.66 29.39 25.26 22.05 Growth in net asset value (NAV) after dilution, % 3 2 8 9 15 16 15 21 Profit from property management after dilution, SEK 0.67 0.58 1.95 1.66 2.23 1.68 1.52 1.13 Excluding listing expenses, SEK - - - - - - - 1.27 Growth in profit from property management per share after dilution, % 15 31 18 33 33 10 35 22 Excluding listing expenses, % - - - - - - 20 29 Cash flow after dilution, SEK - - 1.93 1.66 2.26 1.66 1.45 1.22 No. of outstanding shares before dilution, m 282.1 260.2 282.1 260.2 280.2 259.1 226.6 181.5 No. of outstanding shares after dilution, m 282.1 262.1 282.1 262.1 282.1 261.0 226.6 183.5 Average no. of shares before dilution, m 282.1 260.2 281.1 259.8 261.4 237.0 198.0 173.7 Average no. of shares after dilution, m 282.1 260.4 281.1 260.0 261.6 237.0 198.4 175.2 Share price at the end of the period, SEK 32.2 41.1 32.2 41.1 41.5 39.0 32.6 24.4 Key performance indicators For definitions of key performance indicators and alternative performance measures, see Definitions. 1 Figures are affected by new definitions of key performance indicators from June 2025 onwards. Historical figures have not been adjusted to correspond to new definitions.
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20Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Quarterly overview 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 3 months 3 months 3 months 3 months 3 months 3 months 3 months 3 months 3 months 3 months Property value, SEK m 20,544 19,716 19,553 18,491 16,436 16,312 15,544 13,489 12,446 11,885 Rental income, SEK m 313 311 296 271 255 253 236 194 181 169 Net operating income, SEK m 283 278 258 235 229 224 203 166 158 149 Profit from property management, SEK m 188 186 174 152 151 145 134 112 104 94 Profit for the period, SEK m 338 146 231 220 151 135 219 189 70 169 Earnings per share after dilution, SEK 1.20 0.52 0.82 0.83 0.58 0.52 0.85 0.73 0.30 0.74 Net asset value (NAV) per share after dilution, SEK 36.49 35.32 34.51 33.66 31.98 31.38 30.44 29.39 28.64 26.97 Growth in net asset value (NAV) per share after dilution, % 3 2 3 5 2 3 4 3 6 4 Profit from property management per share after dilution, SEK 0.67 0.66 0.62 0.57 0.58 0.56 0.52 0.43 0.44 0.41 Growth in profit from property management per share after dilution, % 15 18 20 32 31 35 32 21 10 6 Loan-to-value ratio, % 49.1 48.7 49.6 47.9 48.4 49.3 48.2 42.4 39.1 46.8 Interest coverage ratio, multiple 3.2 3.2 3.3 3.0 3.2 3.1 3.2 3.4 3.2 2.9 Net debt/EBITDA, multiple 8.8 8.8 9.0 8.6 8.9 9.1 8.9 8.4 8.0 9.4 Remaining lease period, years 6.8 6.8 7.0 6.8 6.7 6.8 6.7 6.4 5.9 6.0 Quarterly overview
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21Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Parent Company Statement of Profit or Loss in summary SEK m 2026 Jul-Sep 2025 Jul-Sep 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec Net sales 6 5 22 19 26 Costs for services rendered -10 -10 -33 -31 -32 Operating profit -4 -5 -12 -12 -6 Net financial income/expense 19 31 85 99 128 Profit/loss after financial items 15 26 74 87 122 Appropriations 0 0 0 0 26 Profit/loss before tax 15 26 74 87 148 Tax 0 0 0 -1 -4 Profit for the period 15 26 74 86 144 Comprehensive income 15 26 74 86 144 Parent Company Statement of Financial Position in summary SEK m 30/09/2026 30/09/2025 31/12/2025 ASSETS Non-current assets Property, plant and equipment 6 7 7 Financial non-current assets 14,967 11,188 12,535 Total non-current assets 14,973 11,195 12,542 Current assets Current receivables 3 4 3 Cash and cash equivalents 1 187 562 Total current assets 4 191 566 TOTAL ASSETS 14,977 11,387 13,107 EQUITY AND LIABILITIES Equity Restricted equity 2 2 2 Non-restricted equity 5,271 4,279 5,127 Total equity 5,273 4,281 5,129 Untaxed reserves Untaxed reserves 0 0 0 Liabilities Non-current liabilities 9,565 7,097 7,965 Current liabilities 139 9 13 TOTAL EQUITY AND LIABILITIES 14,977 11,387 13,107 Parent Company Statement of Profit or Loss Parent Company Statement of Financial Position The property Ättehögen Östra 6 in Helsingborg.
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22Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Shareholders as of 30 September 2026 No. of shares Proportion of Class A Class B Total Share capital Voting rights Erik Selin through companies 14,551,535 16,242,780 30,794,315 10.9 20.4 Peter Strand through companies 12,281,125 14,687,885 26,969,010 9.6 17.4 Mikael Hofmann through companies 11,882,500 1,096,228 12,978,728 4.6 13.8 The Fourth Swedish National Pension Fund (AP4) 0 24,176,270 24,176,270 8.6 5.5 Länsförsäkringar fastighetsfond 0 17,964,371 17,964,371 6.4 4.1 The Central Bank of Norway 0 10,070,631 10,070,631 3.6 2.3 Cohen & Steers 0 9,870,372 9,870,372 3.5 2.3 Swedbank Robur Fonder 0 9,165,102 9,165,102 3.2 2.1 Capital Group1 0 8,639,069 8,639,069 3.1 2.0 Nordnet Pensionsförsäkring 0 7,946,605 7,946,605 2.8 1.8 SEB Fonder 0 7,360,689 7,360,689 2.6 1.7 Clearance Capital 0 6,831,556 6,831,556 2.4 1.6 The Third Swedish National Pension Fund (AP3) 0 6,741,128 6,741,128 2.4 1.5 ODIN Fonder 0 6,531,363 6,531,363 2.3 1.5 Bergendahl Invest AB 0 5,221,047 5,221,047 1.9 1.2 Skandia Fonder 0 4,348,217 4,348,217 1.5 1.0 Handelsbanken Fonder 0 4,254,832 4,254,832 1.5 1.0 Carnegie Fonder 0 4,008,781 4,008,781 1.4 0.9 Danske Bank 0 3,720,000 3,720,000 1.3 0.9 The Second Swedish National Pension Fund (AP2) 0 3,689,840 3,689,840 1.3 0.8 Case Kapitalförvaltning 0 3,320,740 3,320,740 1.2 0.8 Tosito AB 0 2,653,776 2,653,776 0.9 0.6 Humle small caps fund 0 2,350,000 2,350,000 0.8 0.5 Employees 0 898,116 898,116 0.3 0.2 Other 0 61,612,297 61,612,297 21.8 14.1 Total 38,715,160 243,401,695 282,116,855 100.0 100.0 Shares SLP has two share classes, Class A and Class B. Class A shares confer the right to 5 votes per share, and Class B shares to 1 vote per share. SLP’s Class B shares (ticker SLP B) have been listed on Nasdaq Stockholm, Mid Cap since 23 March 2022. At the end of the period, SLP had a total of 282,116,855 shares outstanding. Since 22 September 2025, SLP has been included in the FTSE EPRA Nareit Global Real Estate Index (the “EPRA Index”). Warrants of series 2023/2026 have been fully exercised during the period, which contributed approximately SEK 67.4 m. As a result of the exercise of the warrants, the number of shares increased by a total of 1,912,349. Warrants SLP has one warrant programme for employees. In total, all permanent employees hold warrants with subscription rights corresponding to 700,000 Class B shares. The programme expires in Q2 2029 and has a strike price of SEK 46.1 per share. Marketplace Nasdaq Stockholm Name of share Swedish Logistic Property B Ticker SLP B ISIN code SE0017565476 Segment Real Estate Total shares outstanding 282,116,855 Total listed Class B shares 243,401,695 No. of shareholders 2 139 Proportion of foreign shareholders, %* 31 Closing price, SEK 32.2 Total market value, SEK m** 9,070 Share price, Class B shares Information as of 30 September 2026. *Share of foreign shareholders based on proportion of share capital as of 30 September 2026. **Market value is based on all shares in the company, as Class A shares may be converted into Class B shares upon request, at the last paid price for the Class B share on 30 September 2026. Shares and shareholders 0 25 30 35 40 45 26,0 32,2 Source: Euroclear Sweden. 1 Reconciled as of 30 December 2025. 30/09/2026 01/01/2023
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23Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Employees The company had 16 employees at the end of the period. The company, which has offices in Malmö and Norrköping, has its own staff in acquisitions, property management, projects, letting, sustainability, financing and finance. Property caretakers and technicians are hired locally by partners close to where our properties are located to ensure all tenants have the best possible service. Transactions with closely related parties The Parent Company provided property administration services to subsidiaries with a total value of SEK 22 m. All transactions with related parties have been priced on market terms. Risks and uncertainties The Group’s operations, financial position and profit can be positively and negatively affected by risks and external factors. The estimated risks are mapped, evaluated and managed on an ongoing basis. For more information about risks and uncertainties, see the Annual Report and Sustainability Report 2025. The ongoing war in Ukraine, the conflicts in the Middle East, and the unstable geopolitical situation are having a negative impact on the global economy. We cannot see that any of our tenants’ operations have any direct exposure to these markets. However, the operations, depending on which industry they operate in, are impacted indirectly due to inflation, disruptions to supply chains and price rises on the commodity market. Furthermore, we have not noted any significant direct impact on SLP’s operations in terms of cost increases, project delays or increased credit margins. However, the proportion of SLP’s loans with no interest hedging via derivatives is impacted by the increased 3-month STIBOR interest rate. In the current circumstances, we assess the total impact as low. 2027 Annual General Meeting The 2027 Annual General Meeting will be held in Malmö, Sweden, on 27 April 2027. Shareholders wishing to have a matter considered at the Annual General Meeting may submit a written request by email to info@slproperty.se or by post to Swedish Logistic Property AB, Krusegränd 42 D, SE-212 25 Malmö, Sweden. The request must be received by no later than 9 March 2027 in order to be included in the Notice and Agenda of the Annual General Meeting. Estimates and judgements In order to prepare the company’s financial statements in accordance with accepted accounting practice, the management and Board make judgements and assumptions that affect the recognition of assets and liabilities, and income and expenses, as well as other information presented in the accounts. Actual outcomes may differ from these estimates. Reporting is especially sensitive to judgements and assumptions that form the basis for the valuation of investment properties. See sensitivity analysis under “Comments on the Statement of Financial Position” and Annual Report and Sustainability Report 2025. Accounting principles This summary Interim Report has been prepared in accordance with International Accounting Standards (IAS) 34 Interim Reporting. In the Report, IFRS refers to the application of the International Financial Reporting Standards (IFRS) adopted by the EU and the interpretations of the IFRS Interpretations Committee (IFRIC). The same accounting principles and calculation methods have been applied as in the 2025 annual report. Investment properties are recognized at fair value in accordance with Level 3 in the fair value hierarchy. IFRS 18 is effective for financial years beginning on or after 1 January 2027 and replaces IAS 1. The standard has not yet been endorsed by the EU. The standard introduces new requirements that will change the structure of the financial statements, particularly the Statement of Profit or Loss. Management is currently assessing the full implications of applying IFRS 18 to the Group’s financial reporting. The main effects identified to date are that operating profit will become a mandatory subtotal under the new standard, which for the Group will include value changes of investment properties. The new presentation requirements also mean that profit from property management, as currently defined, will no longer be presented directly in the Statement of Profit or Loss, as IFRS 18 does not permit such a subtotal. Instead, profit from property management will be classified as a management-defined performance measure (MPM), with the corresponding disclosures provided in the notes. The Parent Company applies the Annual Accounts Act and RFR 2 Accounting for Legal Entities. Segment reporting The Group consists of a single segment, Investment properties. Audit review The Report has been subject to a review engagement. Other information
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24Interim Report January – September 2026 – Swedish Logistic Property AB (publ) The Board and CEO hereby offer their assurance that the Report presents a fair review of the company’s and Group’s operations, financial position and profit, and that it describes the material risks and uncertainties the company and the companies included in the Group face. Malmö, Sweden, 15 October 2026 This information is such that Swedish Logistic Property AB (publ) is obliged to disclose in accordance with the EU’s Market Abuse Regulation. The information was submitted for publication at 08:00am CEST on 15 October 2026. The interim report is published in Swedish and English. The Swedish version is the original version and takes precedence over the English if it differ from the original. There were no significant events after the end of the period. CHAIR Erik Selin DEPUTY CHAIRMAN Peter Strand DIRECTOR Tommy Åstrand DIRECTOR Jacob Karlsson DIRECTOR Annie Franzon DIRECTOR Sofia Ljungdahl Significant events after the end of the period Signatures CEO Filip Persson
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25Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Auditor’s Report Swedish Logistic Property AB (publ), corporate identity number 559179-2873 Introduction We have conducted a limited review of the condensed interim financial information (interim report) for Swedish Logistic Property AB (publ) as of September 30, 2026, and the nine-month period ending on that date. The board of directors and the managing director are responsible for preparing and presenting this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our limited review. The focus and scope of the limited review We have conducted our limited review in accordance with the International Standard on Review Engagements ISRE 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity." A limited review consists of making inquiries, primarily of persons responsible for financial and accounting matters, performing analytical procedures, and other review procedures. A limited review has a different focus and a significantly smaller scope compared to the focus and scope of an audit conducted in accordance with ISA and generally accepted auditing standards. The review procedures taken in a limited review do not enable us to obtain the assurance that we would become aware of all significant matters that might have been identified in an audit. Therefore, the conclusion expressed based on a limited review does not have the assurance that a conclusion expressed based on an audit has. Conclusion Based on our limited review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in accordance with the Annual Accounts Act. Malmö, Sweden, 15 October 2026 Öhrlings PricewaterhouseCoopers AB Mikale Nilsson Authorised Public Accountant This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.
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26Interim Report January – September 2026 – Swedish Logistic Property AB (publ) SLP applies the guidelines for Alternative Performance Measures issued by the European Securities and Market Authority (ESMA). Alternative Performance Measures refer to financial measures in addition to historical or future profit performance, financial position, financial profit or cash flows that are not defined or indicated in the applicable rules for financial reporting according to IFRS. The starting point is that alternative key performance indicators are used by the company management to evaluate financial performance and thereby provide shareholders and other stakeholders with valuable information. For a complete account of KPIs and definitions, purpose and reconciliation tables, see SLP’s website. Property-related KPIs Rental income, SEK m Rental income according to the income statement, SEK m Net operating income, SEK m Net operating income according to the income statement, SEK m Letting ratio, % Relates to financial letting ratio. Contractual annual rent for lease agreements at the end of the period as a percentage of rental value. Net leasing income, SEK m Net amount of annual rent excluding discounts, additional charges and property tax for newly signed, terminated and renegotiated contracts. No consideration is given to the contract term. Contractual annual rent, SEK m Rent per year in accordance with contracts including discounts, additional charges and property tax. Rental value, SEK m Contractual annual rent plus estimated vacant rent. Rental value, SEK/m2 Contractual annual rent plus estimated vacant rent in relation to lettable area, excluding ongoing projects. Property value, SEK m Investment properties according to the statement of financial position, SEK m. Property value SEK/m2 Investment properties, SEK m in relation to lettable area. Lettable area, m2 Lettable area at the end of the period including major ongoing projects Average lettable area per property, m2 (000) Lettable area at the end of the period including ongoing new construction projects in relation to the number of properties at the end of the period. Direct return requirement valuation, % Average direct return requirement based on external valuation at the end of the period. Initial yield, % Net operating income according to current earnings ability in relation to property value, excluding projects in progress and development rights. Financial KPIs Profit from property management, SEK m Profit from property management according to the income statement, SEK m Excluding listing expenses Profit from property management according to the income statement, excluding listing expenses, SEK m Profit for the period, SEK m Profit for the period according to the income statement, SEK m Equity/asset ratio, % Equity as a percentage of total assets (total equity and liabilities). Loan-to-value ratio, % Interest-bearing liabilities less cash and cash equivalents as a percentage of investment properties at the end of the period. Interest coverage ratio, multiple Profit from property management plus net financial income and expenses in relation to net financial income and expenses. Excluding listing expenses Profit from property management excluding listing expenses plus net financial income and expenses in relation to net financial income and expenses. Net debt/EBITDA, multiple Interest-bearing liabilities, excluding borrowing relating to major ongoing projects, less cash and cash equivalents in relation to net operating income less central administration costs according to current earnings ability. Average interest, % Average interest rate on the loan portfolio including interest rate derivatives on the balance sheet date. Fixed interest period, years Average remaining fixed interest period on the loan portfolio including derivatives. Capital tied up, years Average remaining period for capital tied up in the loan portfolio. Return on Equity, % Profit for the period as a percentage of average equity after dilution. Equity, SEK m Equity according to the statement of financial position, SEK m. Equity after dilution, SEK m Equity according to the statement of financial position including outstanding warrants. Share-related KPIs Profit before dilution, SEK Profit for the period in relation to average number of shares before dilution. Profit after dilution, SEK Profit for the period in relation to the average number of shares after dilution resulting from outstanding warrants. Net Asset Value (NAV) after dilution, SEK Equity including outstanding warrants plus reversal of deferred tax and derivatives according to the statement of financial position in relation to the number of outstanding shares at the end of the period after dilution. Growth in Net Asset Value (NAV) after dilution, % NAV per share after dilution for the current period in relation to the previous period expressed as a percentage. Profit from property management after dilution, SEK Profit from property management in relation to average number of shares after dilution. Excluding listing expenses Profit from property management excluding listing expenses, in relation to average number of shares after dilution. Growth in Net Asset Value Profit from property management after dilution, % Profit from property management per share after dilution for the current period in relation to the preceding period expressed as a percentage. Excluding listing expenses Profit from property management, excluding listing expenses, per share after dilution for the current period in relation to the preceding period expressed as a percentage. Cash flow after dilution, SEK Cash flow from operating activities before change in working capital in relation to the average number of outstanding shares after dilution. No. of outstanding shares before dilution, m Number of outstanding shares at the end of the period excluding warrants. No. of outstanding shares after dilution, m Number of outstanding shares at the end of the period including outstanding warrants. Average no. of shares before dilution, m Average number of shares for the period excluding outstanding warrants Average no. of shares after dilution, m Average number of shares in the period including outstanding warrants. Share price at the end of the period, SEK Share price at the end of the period. Definitions
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27Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Definitions Sustainability MWp Maximum effect from solar panels installed at SLP’s properties. Scope 1 Relates to direct emissions from sources under proprietary control. Scope 2 Relates to indirect emissions from purchased energy. Scope 3 Relates to other indirect greenhouse gas emissions along the value chain and is divided into upstream and downstream emissions. Upstream emissions relate to minor purchases associated with operations, project-related emissions, transport and waste all business travel and employees commuting to and from the workplace. Downstream emissions relate to tenants’ energy use and refrigerant leakage in properties for which the tenant has reporting responsibility. eNPS employee Net Promoter Score is a standardised tool for measuring how likely employees are to recommend the company as an employer. Sick leave Sick leave has been calculated based on the number of sick days as a proportion of total scheduled working days. Serious accidents or fatalities A serious accident in the operations is defined in accordance with the Swedish Work Environment Authority’s definition of a serious personal injury. This may, for example, include injuries resulting in fractures, severe bleeding, damage to sensory organs, or significant injury to nerves, muscles or tendons. Suppliers that have signed the Code of Conduct Material suppliers that have signed SLP’s Code of Conduct for Suppliers. Material suppliers refers to suppliers with a purchase price in excess of SEK 250,000 in the last 12 months. Contractor suppliers self-assessed against the Code of Conduct, % Material contractor suppliers that have completed a self-assessment based on SLP’s Supplier Code of Conduct. Material contractor suppliers refer to suppliers with procurement volumes exceeding SEK 25 m over the past 12 months. Satisfied tenants SLP conducts an annual customer satisfaction survey (NKI – Customer Satisfaction Index) to measure how satisfied our tenants are with us as a property owner. Sustainable financing Consists of Sustainable loans and Sustainability-Linked Loans. Sustainable loans comprises financing agreements based on the property portfolio being environmentally certified according to certain standards, or on the basis of low energy use. These agreements include a margin discount of 5 -10 basis points per year compared to existing loans. Sustainability-linked loans mean that the margin is dependent on the achievement of the Group’s sustainability-related targets. Unlike sustainable loans, which are tied to a specific property, these loan agreements are linked to SLP's overall s ustainability performance.
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28Interim Report January – September 2026 – Swedish Logistic Property AB (publ) Calendar Year-end Report 2026 4 February 2027 Annual Report 2026 6 April 2027 2027 Annual General Meeting 27 April 2027 Interim Report Jan-Mar 2027 27 April 2027 Interim Report Jan-Jun 2027 13 July 2027 Swedish Logistic Property AB (publ) Corp. ID no.: 559179–2873 Krusegränd 42 D, SE-212 25 Malmö, Sweden www.slproperty.se SLP to build new logistic property totalling 5,000 square metres in Eskilstuna and signs 12-year lease agreement 7 July 2026 SLP constructs an extension of 2,600 square metres and extends a rental agreement by 8 years in Linköping 10 July 2026 SLP lets a further 1,400 square meters to Hårds Transport AB in Ljungby 28 August 2026 SLP appoints new Business Developer to support continued strong growth 4 September 2026 SLP acquires logistics property in Gothenburg for SEK 514 m in another sale and leaseback transaction with DSV 15 September 2026 SLP to build new logistics property of 24,700 square metres in Helsingborg and signs 12-year lease agreement 17 September 2026 SLP acquires logistics property with value-enhancement potential in Malmö for SEK 73 m 29 September 2026 IR contact Filip Persson, CEO filip@slproperty.se +46 (0)733–27 27 57 Calendar A selection of press releases in the quarter