Swedish property company Wihlborgs Fastigheter AB on Thursday reported higher profit and revenue for the first nine months of the year, continuing its growth despite a weak economic environment.
For the January to September period, profit rose to 1.37 billion Swedish kronor from 846 million kronor a year earlier, the company said.
Rental income increased 4% to 3.24 billion kronor, while income from property management, a key measure of operating performance, jumped 12% to 1.48 billion kronor.
The company, which focuses on commercial properties in Sweden and Denmark's Öresund region, reported positive net lettings of 6 million kronor in the third quarter.
"Wihlborgs once again reported a quarter of growth," said Chief Executive Ulrika Hallengren.
She added that while the economic outlook is uncertain, there are signs of improving market conditions, including strong demand for high-quality premises in good locations.
"We continue to invest in markets with population and employment growth, thereby driving our own development," Hallengren said in a statement.
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Swedish property company Wihlborgs Fastigheter AB reported record results for the first half of 2025, navigating a weak economic environment to post higher profit and rental income.