BALDER AS AN INVESTMENT

There are several reasons to invest in Balder. Our professionalism and width combined with local knowledge are some of them.

Historically successful investments

Balder has a size and diversification that enables capital to be allocated effectively between different markets and segments, as well as between project development and acquisitions. Capital is allocated where the best potential return is to be found in the long term, and where it adds value in relation to the existing portfolio. Investments are being made in particular in areas where the company is already active, with an emphasis on Stockholm, Gothenburg, Helsinki and Copenhagen. The project portfolio consists of many investments in major urban development projects such as Backaplan in Gothenburg and Kungens Kurva in Stockholm.

Well-diversified property portfolio

The carrying amount distributed by property category, looking at the company's total property portfolio consists of approximately 54 per cent residential and 46 per cent commercial properties. The largest share of the market value is found in the Helsinki region, the Gothenburg region and the Stockholm region.

Strong balance sheet and low financial risk-taking

Balder has an investment grade rating from S&P of BBB with stable outlook, which among other things reflects the company's large and broad property portfolio, stable occupancy rate and rental income. Furthermore, we have a well-diversified loan maturity structure with a modest share of secured debt and a portfolio well suited for both bond financing and secured bank loans. A balance sheet that fulfils the criteria for an investment grade rating and continuous access to bond financing is well in line with the company's risk profile.

Long-term, engaged owners

The principal owners of Fastighets AB Balder are Erik Selin Fastigheter AB, Arvid Svensson Invest AB and a number of institutional investors. These are listed in Balder's list of shareholders. At the end of 2025, the total number of shareholders was around 29,000 and 41 per cent of the share capital was owned by the Board of Directors and management. Balder’s goal is to generate the best long-term total yield for its shareholders. The assessment is still that this is best achieved by reinvesting the profits in the business in order to create further growth. 

Growth since the stock exchange launch

Balder’s most important goal is to increase the profit from property management per share over time. Over the past five years, the profit from property management has increased by an average of 7 per cent per year and the net asset value by an average of 8 per cent per year. During the same period, the share has been traded at an average of 85 per cent of the net asset value and 14 times the profit from property management.

Sustainable financing

Balder as had green financing for several years in the form of green loans and bonds. All properties that are built by new in-house production shall be certified according to the Miljöbyggnad Silver rating or equivalent. In 2025, the company’s green framework was expanded to also enable social financing opportunities, with a focus on affordable rental housing. Balder’s objective is to increase the proportion of activities within the business that can be aligned and classified as compliant with the EU taxonomy. Balder has an ESG risk rating from Sustainalytics of 14.3, which puts the company well within the low-risk framework, and also an ESG rating from MSCI of BBB.