1. Iceland Stocks

  2. •

    Finance

  3. •

    Real estate development
EIK Fasteignafelag HF

EIK Fasteignafelag HF

IICE:EIK
14.20
ISK
-0.20
(-1.39%)
48.86BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.56
1.09
1.61
1.84
2.07
2.19
2.34
2.26
2.37
2.74
3.07
3.14
3.46
- -
Basic EPS, GAAP
0.36
0.39
1.34
1.06
1.07
0.73
0.86
0.25
1.44
2.34
1.71
1.9
1.62
- -
Free Cash Flow per Basic Share
0.24
0.45
0.67
0.77
0.75
0.84
0.81
0.51
0.87
1.19
1.2
1.43
1.45
1.61
Dividend per Share
0.04
- -
0.17
0.24
0.27
0.26
0.3
- -
0.19
0.51
0.59
0.74
1
0.5
Book Value per Share
2.4
5.62
6.81
7.63
8.46
8.94
9.51
9.72
10.98
12.81
14.35
15.52
16.14
16.16
Tangible Book Value per Share
2.4
5.62
6.81
7.47
8.31
8.8
9.38
9.62
10.87
12.71
14.25
15.42
16.03
16.05
Basic Weighted Avg Shares
3,456
3,456
3,456
3,456
3,456
3,456
3,437
3,417
3,415
3,415
3,415
3,414
3,393
3,388
Sales/Revenue/Turnover
1,927
3,753
5,564
6,350
7,165
7,565
8,055
7,724
8,081
9,357
10,492
10,706
11,737
- -
Operating Margin (%)
67.74
72.74
68.78
63.43
62.12
61.23
67.36
66.75
69.52
70.11
68.07
67.63
66.52
- -
Depreciation Expense
5
7
11
118
120
119
165
304
135
138
50
176
188
- -
Net Income, GAAP
1,236
1,336
4,629
3,647
3,702
2,515
2,968
846
4,933
8,001
5,853
6,477
5,493
- -
Effective Tax Rate (%)
26.74
17.53
19.91
13.51
22.28
16.08
20.13
21.38
20.01
20.03
20.02
20.27
20.01
- -
Profit Margin (%)
64.12
35.6
83.2
57.43
51.67
33.25
36.85
10.95
61.04
85.51
55.79
60.5
46.8
- -
Working Capital
758
1,244
45
248
-5,424
-729
-257
147
-2,344
-3,692
-8,496
-3,656
-9,095
-8,144
LT Debt
14,558
41,514
40,558
46,328
48,604
56,451
60,403
62,787
62,416
66,773
69,926
81,494
99,260
109,107
Total Equity
8,308
19,488
23,539
26,369
29,238
30,898
32,552
33,200
37,483
43,744
49,023
52,661
54,761
54,828
Return on Invested Capital (%)
9.15
5.18
10.45
8.65
7.9
6.67
6.59
4.5
8.58
12.5
9.82
8.64
6.95
- -
Return on Capital (%)
8.21
5.72
9.68
7.63
7.18
5.13
5.41
2.83
6.69
9.08
6.96
6.73
5.44
- -
Return on Common Equity (%)
16.74
9.61
21.52
14.61
13.31
8.36
9.36
2.57
13.96
19.7
12.62
12.74
10.23
- -

Capital Structure

ISK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9,819
20,241
10,547
LT Borrowings
94,391
85,985
103,967
LT Finance Leases
4,869
5,140
5,140
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,393
3,393
3,393
Market Capitalization
46,829
47,508
48,865

Working Capital

ISK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,695
5,123
7,528
Cash, Cash Equivalents & STI
2,769
3,472
5,854
Accounts Receivable, Net
596
573
676
Inventories
- -
- -
- -
Total Current Liabilities
12,790
23,488
15,672
Payables & Accruals
- -
- -
- -
ST Debt
9,819
20,241
10,547
Deferred Revenue
- -
- -
- -

Growth Rates

ISK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.9%
10.62%
3.99%
Free Cash Flow
10.98%
25.4%
0.9%
Net Income, GAAP
40.87%
102.78%
-15.19%
Sales/Revenue/Turnover
7.91%
8.84%
9.63%
Total Cash Common Dividend
- -
- -
33.58%

Quarterly Revenue

ISK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,365
2,444
2,520
3,378
10,706
2025
2,589
2,630
- -
3,757
11,737
2026
3,094
3,235
- -
- -
- -

Quarterly Earnings Per Share

ISK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.6
0.22
0.15
0.92
1.9
2025
0.4
0.59
- -
0.5
1.62
2026
0.29
0.83
- -
- -
- -

Quarterly Dividends Per Share

ISK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.74
2025
- -
- -
- -
0.5
1
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Garðar Hannes Friðjónsson
Full Time Employees
54
Sector
Finance
Industry
Real estate development
Address
Turninn, Smáratorgi 3 Reykjavík GR Iceland 201
IPO Date
Apr 29, 2015
Website
eik.is
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Business
Eik fasteignafélag hf. (EIK.IC) specializes in the ownership, leasing, management, development, and maintenance of commercial properties in Iceland. Founded in 2002 and headquartered at Sóltún 26 in Reykjavík, the company operates primarily in the capital region, including key business districts of Reykjavík and Kópavogur, with a diverse portfolio encompassing office buildings, retail spaces, shopping centers such as Glerártorg in Akureyri, warehouses, industrial facilities, restaurants, and specialized spaces; it offers flexible leasing solutions ranging from 15 square meters to several thousand square meters across nearly 500 properties and over 650 units, serving tenants from large corporations and institutions to small businesses and entrepreneurs, including innovative offerings like the Akkur office hotel providing fully serviced, adaptable workspaces without long-term commitments. The company manages two main segments, Investment Properties focused on leasing, marketing, project management, and construction, and Services covering cleaning, maintenance, operations, and advisory support; its shares trade on Nasdaq Iceland, enabling competitive rental rates through favorable financing passed to customers. Recent developments include the signing of an acquisition agreement in May 2025 for all shares in Festing hf. from Blue Ocean B.V. and SMT Partners at an enterprise value of ISK 15.07 billion, with subsequent competition authority reviews cleared in October 2025 confirming no objections; in August 2025, Eik implemented a new organizational structure reducing its executive management team, alongside expansions of its EIK 150536 bond series and dividend payments for 2024; the company also continues active property renovations and developments, such as modern upgrades to facilities like Suðurlandsbraut 10 and Grjóthálsi 1 for tenants including Össur and Men&Mice.