Reported Earnings • May 20
First quarter 2026 earnings released: EPS: kr.2.40 (vs kr.2.61 in 1Q 2025) First quarter 2026 results: EPS: kr.2.40 (down from kr.2.61 in 1Q 2025). Revenue: kr.49.7m (flat on 1Q 2025). Net income: kr.9.06m (down 8.0% from 1Q 2025). Profit margin: 18% (down from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 17
Upcoming dividend of kr.3.00 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 28 April 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Danish dividend payers (4.3%). Lower than average of industry peers (3.4%). Announcement • Mar 27
Prime Office A/S announces Annual dividend, payable on April 28, 2026 Prime Office A/S announced Annual dividend of DKK 3.0000 per share payable on April 28, 2026, ex-date on April 24, 2026 and record date on April 27, 2026. Announcement • Dec 04
Prime Office A/S, Annual General Meeting, Apr 23, 2026 Prime Office A/S, Annual General Meeting, Apr 23, 2026. New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: kr.2.66 (vs kr.2.11 in 3Q 2024) Third quarter 2025 results: EPS: kr.2.66 (up from kr.2.11 in 3Q 2024). Revenue: kr.50.2m (flat on 3Q 2024). Net income: kr.10.1m (up 27% from 3Q 2024). Profit margin: 20% (up from 16% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: kr.1.67 (vs kr.11.91 in 2Q 2024) Second quarter 2025 results: EPS: kr.1.67 (down from kr.11.91 in 2Q 2024). Revenue: kr.51.0m (flat on 2Q 2024). Net income: kr.6.30m (down 86% from 2Q 2024). Profit margin: 12% (down from 89% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Jun 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Vice Chairman of the Board John Hansen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman of the Board Flemming Lindeløv was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: kr.15.80 (vs kr.14.63 in FY 2023) Full year 2024 results: EPS: kr.15.80 (up from kr.14.63 in FY 2023). Revenue: kr.201.8m (up 2.2% from FY 2023). Net income: kr.59.6m (up 8.0% from FY 2023). Profit margin: 30% (up from 28% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Board Change • Feb 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Director Marie Moller was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: kr.2.11 (vs kr.1.55 in 3Q 2023) Third quarter 2024 results: EPS: kr.2.11 (up from kr.1.55 in 3Q 2023). Revenue: kr.50.2m (up 2.0% from 3Q 2023). Net income: kr.7.95m (up 36% from 3Q 2023). Profit margin: 16% (up from 12% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Nov 20
Prime Office A/S, Annual General Meeting, Apr 23, 2025 Prime Office A/S, Annual General Meeting, Apr 23, 2025. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: kr.11.91 (vs kr.7.35 in 2Q 2023) Second quarter 2024 results: EPS: kr.11.91 (up from kr.7.35 in 2Q 2023). Revenue: kr.50.6m (up 4.3% from 2Q 2023). Net income: kr.45.0m (up 62% from 2Q 2023). Profit margin: 89% (up from 57% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • May 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Market cap is less than US$100m (kr.675.8m market cap, or US$98.0m). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Director Marie Moller was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: kr.14.63 (vs kr.28.88 in FY 2022) Full year 2023 results: EPS: kr.14.63 (down from kr.28.88 in FY 2022). Revenue: kr.197.4m (up 4.6% from FY 2022). Net income: kr.55.2m (down 49% from FY 2022). Profit margin: 28% (down from 58% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: kr.1.55 (vs kr.6.96 in 3Q 2022) Third quarter 2023 results: EPS: kr.1.55 (down from kr.6.96 in 3Q 2022). Revenue: kr.49.2m (up 4.7% from 3Q 2022). Net income: kr.5.86m (down 78% from 3Q 2022). Profit margin: 12% (down from 56% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Nov 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr.679.5m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.3% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (38% net profit margin). Market cap is less than US$100m (kr.679.5m market cap, or US$99.7m). Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: kr.7.35 (vs kr.13.91 in 2Q 2022) Second quarter 2023 results: EPS: kr.7.35 (down from kr.13.91 in 2Q 2022). Revenue: kr.48.6m (up 3.6% from 2Q 2022). Net income: kr.27.8m (down 47% from 2Q 2022). Profit margin: 57% (down from 112% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Buying Opportunity • Aug 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be kr.265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 5.3%. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (51% net profit margin). Buying Opportunity • Jul 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be kr.265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 5.3%. Buying Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be kr.265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 5.3%. Buying Opportunity • May 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be kr.265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 5.3%. Reported Earnings • May 28
First quarter 2023 earnings released: EPS: kr.9.73 (vs kr.12.59 in 1Q 2022) First quarter 2023 results: EPS: kr.9.73 (down from kr.12.59 in 1Q 2022). Revenue: kr.49.9m (up 7.1% from 1Q 2022). Net income: kr.36.7m (down 23% from 1Q 2022). Profit margin: 74% (down from 102% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Upcoming Dividend • Apr 06
Upcoming dividend of kr.3.00 per share Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 17 April 2023. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 4.0%. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: kr.6.96 (vs kr.7.43 in 3Q 2021) Third quarter 2022 results: EPS: kr.6.96 (down from kr.7.43 in 3Q 2021). Revenue: kr.47.0m (up 4.4% from 3Q 2021). Net income: kr.26.3m (down 6.3% from 3Q 2021). Profit margin: 56% (down from 62% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr.208, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 6x in the Real Estate industry in Denmark. Total returns to shareholders of 25% over the past three years. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS kr.7.43 (vs kr.16.94 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr.45.0m (up 1.7% from 3Q 2020). Net income: kr.28.0m (down 56% from 3Q 2020). Profit margin: 62% (down from 144% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS kr.10.11 (vs kr.6.32 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.45.0m (up 1.0% from 2Q 2020). Net income: kr.38.1m (up 60% from 2Q 2020). Profit margin: 85% (up from 54% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • May 22
First quarter 2021 earnings released: EPS kr.3.00 (vs kr.2.87 in 1Q 2020) The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: kr.44.8m (flat on 1Q 2020). Net income: kr.11.3m (up 4.8% from 1Q 2020). Profit margin: 25% (up from 24% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Apr 08
Upcoming dividend of kr.5.00 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 19 April 2021. Trailing yield: 2.1%. Lower than top quartile of Danish dividend payers (3.7%). Lower than average of industry peers (3.1%). Reported Earnings • Mar 26
Full year 2020 earnings released: EPS kr.38.73 (vs kr.30.42 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr.179.2m (up 9.2% from FY 2019). Net income: kr.146.2m (up 38% from FY 2019). Profit margin: 82% (up from 65% in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 25% per year. Is New 90 Day High Low • Mar 05
New 90-day high: kr.230 The company is up 12% from its price of kr.206 on 04 December 2020. The Danish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period. Reported Earnings • Nov 21
Third quarter 2020 earnings released: EPS kr.16.94 Third quarter 2020 results: Revenue: kr.44.3m (up 7.4% from 3Q 2019). Net income: kr.64.0m (up 462% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year. Is New 90 Day High Low • Nov 05
New 90-day low: kr.192 The company is down 6.0% from its price of kr.204 on 07 August 2020. The Danish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: kr.194 The company is down 6.0% from its price of kr.206 on 17 July 2020. The Danish market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period.