Wallenstam reports higher third-quarter profit for Wallenstam stock

Published on 10/18/2026 at 13:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

On October 15, 2026, profit after tax reached SEK 963 million versus SEK 682 million. Wallenstam stock has 1,078 apartments under construction.

Quarterly results and valuation

Wallenstam's third-quarter profit after tax reached SEK 963 million on October 15, 2026.
Kepler Cheuvreux listed a SEK 44.00 target on October 16, 2026.
The next half-year dividend date is October 27, 2026.

Moderne Wohnhäuser am Kanal in Göteborg im warmen Abendlicht mit vielen Balkonen — Wallenstam AB (ISIN SE0017780137) verwaltet moderne Wohnimmobilien am Wasser in Göteborg mit vielen Balkonen, Illustration mit AI erstellt.

Wallenstam (ISIN SE0017780133) reported third-quarter 2026 profit after tax of SEK 963 million, up from SEK 682 million a year earlier, according to Nasdaq on October 15, 2026. The result gives the Swedish property company a clear earnings headline, but the quality of the increase matters for investors.

Rental income stayed steady

Wallenstam's rental income reached SEK 788 million in the third quarter of 2026, compared with SEK 759 million in the third quarter of 2025. Income from property management rose to SEK 381 million from SEK 344 million over the same comparison, while profit per share increased to SEK 1.50 from SEK 1.10.

The nine-month report also showed rental income of SEK 2,346 million and profit after tax of SEK 1,615 million for January through September 2026. Net asset value per share stood at SEK 65.00 on September 30, 2026, compared with SEK 62.10 on December 31, 2025.

What does the balance sheet signal?

Wallenstam reported a loan-to-value ratio of 47 percent and an equity-to-assets ratio of 44 percent for the first nine months of 2026. The company also said 65 percent of its financing was interest-rate hedged, with an average interest rate of 2.46 percent on September 30, 2026, according to Nasdaq.

Analyst views were mixed on October 16, 2026. Affärsvärlden listed Kepler Cheuvreux with a SEK 44.00 target, reduced from SEK 46.00, while SEB had a SEK 38.00 target, reduced from SEK 39.00. The differing targets show that the profit increase has not removed valuation concerns.

Three dated developments

On September 23, 2026, Wallenstam issued SEK 300 million of green bonds for energy-efficiency improvements at Sergelskrapan, according to MarketScreener. On October 1, 2026, the company said 199 apartments had been completed and let, bringing its construction pipeline to 1,078 apartments, according to MFN.se. The October 15, 2026 interim report then put third-quarter profit after tax at SEK 963 million.

Next dates include a dividend

The next scheduled corporate date is the October 27, 2026 ex-dividend date for a SEK 0.25 half-year distribution. Wallenstam's annual report is scheduled for February 5, 2027, according to the company's event calendar carried by MFN.se.

Stock remains below its yearly high

The last available Nasdaq Stockholm quote was SEK 37.20 on October 16, 2026 at 5:29 p.m. CEST. The same market data placed Wallenstam's 52-week range at SEK 34.00 to SEK 46.30, leaving the earnings quality and valuation debate open for the next report.

The further course of trading is shown by the continuously updated real-time quote of Wallenstam stock.