Rental income amounted to SEK 3,460 million (3,416), representing an increase of 1.3 percent.
Net operating income rose to SEK 2,514 million (2,496), while the surplus ratio remained unchanged at 73 percent.
Income from property management attributable to parent company shareholders was SEK 1,348 million (1,544), equivalent to SEK 1.14 per share (1.30). Balder stated that the decrease is primarily explained by the fact that Norion Bank is no longer included in the income from property management from associated companies. Adjusted for Norion Bank's contribution, income from property management per share increased by 3 percent.
Unrealized changes in the value of investment properties amounted to SEK 418 million (949), while changes in the value of interest rate derivatives and the option component of convertibles amounted to SEK 809 million (632).
Net profit attributable to parent company shareholders amounted to SEK 2,102 million (2,691), equivalent to SEK 1.78 per share (2.26).
Long-term net asset value, EPRA NAV, stood at SEK 96.62 per share (89.55). At the end of the previous year, the level was SEK 93.96.
| Balder, SEK million | Q1 2026 | Q1 2025 | Change |
| Rental income | 3,460 | 3,416 | 1.3% |
| Income from property management | 1,348 | 1,544 | -12.7% |
| Net profit | 2,102 | 2,691 | -21.9% |
| Earnings per share | 1.78 | 2.26 | -21.2% |
