Heimar H1 2026 slides: 16% revenue growth lifts full-year guidance
Heimar Real Estate Company reported a 16.1% growth in rental income and 14.6% increase in EBITDA for the six months of 2026, leading management to raise full-year guidance. The Icelandic property company owns 98 properties totaling 392,000 square meters, with 74% of rental income generated from core areas in Reykjavik and Akureyri.
Heimar's strong performance in the first half of the year resulted in a 16% increase in rental income and 14.6% growth in EBITDA. Revenue reached ISK 8,325 million in the six months ending June 2026, with real revenue growth of 11.3% after accounting for 4.9% inflation. Net profit surged 310.1% to ISK 4,568 million, driven by a positive fair value adjustment on investment properties.
The company's strategic focus on portfolio development and sustainable infrastructure, as evidenced by the addition of 185 EV charging stations, contributed to a strong financial position. Heimar's net LTV ratio of 59.6% indicates moderate leverage, with no immediate refinancing pressures through year-end 2026.
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