Eik fasteignafélag hf.: Condensed Interim Financial Statement for the first nine months 2026

What happened

Eik fasteignafélag hf. had its first nine months of 2026 interim financial statements approved by its Board of Directors and CEO on 3 November 2026. Income from operations was ISK 11,132 million, including rental income of ISK 9,718 million, and total comprehensive profit was ISK 3,307 million.

Confirmed

Global impact / market context

The results show the landlord collected steady rent and earned ISK 7,284 million in EBITDA, which means operating profit before several accounting adjustments. Profit of ISK 3,307 million and cash from operations of ISK 4,238 million suggest the property portfolio can support debt and spending.

Analyst inference

The loan-to-value ratio of 59.3%, which means net borrowed money divided by property value, signals meaningful debt relative to assets. Cash of ISK 5,246 million against ISK 114,558 million of interest-bearing debt makes refinancing conditions and interest costs central.

Analyst inference

What to watch

1. Economic occupancy was 95.1% and total occupancy was 93.5%, so watch whether vacant space is filled and rental income holds near ISK 9,718 million in coming reports. Confirmed
2. Watch how management addresses the 59.3% loan-to-value ratio, which means net debt divided by property value, including any plans to reduce borrowed money or refinance debt. Proposed
3. A ISK 6,121 million fair value gain lifted results, so watch whether future property revaluations stay positive or reverse, changing reported profit without directly changing cash. Analyst inference

Evidence

• globenewswire.com