Sagax Raises 2026 Profit Outlook After 9-Month Earnings Growth

Swedish property company AB Sagax (SAGA-A.ST, SAGA_B.ST) on Wednesday raised its full-year 2026 forecast for property management profit attributable to shareholders to SEK 4.8 billion from a previous estimate of SEK 4.6 billion, after reporting higher rental revenue and profit for the first nine months. Rental revenue for January through September rose 4% year over year to SEK 4.17 billion, while profit from property management attributable to shareholders increased 7% to SEK 3.58 billion. Third-quarter rental revenue grew 6% to SEK 1.45 billion, with property management profit up 22% to SEK 1.43 billion. Profit after tax attributable to shareholders more than doubled to SEK 4.97 billion, from SEK 2.25 billion a year earlier, helped by positive property and financial instrument revaluations.