Íþaka fasteignir: Half-year report shows 605 million ISK total income

Real estate company Íþaka fasteignir ehf. has published its interim financial report for the period from January 1 to June 30, 2025. The company's financial statement shows a total income of 605.4 million Icelandic króna.

The company owns and manages 15 commercial properties, totaling approximately 86,000 square meters. These properties are located in valuable areas within the capital region, including addresses such as Þórunnartún 1, Dalveg 30, and Lyngháls 4. Íþaka fasteignir focuses on developing and leasing commercial real estate to businesses.

During the period, a valuation adjustment of investment properties resulted in an increase of 636 million ISK. The total value of the company's investment properties stood at 45.7 billion ISK at the end of the period. The balance sheet shows total assets of nearly 48.7 billion ISK and equity of 14.9 billion ISK, yielding an equity ratio of 30.6 percent.

Íþaka fasteignir ehf. is a wholly-owned subsidiary of Mókolls ehf., making it part of the Mókolls group. The interim report was reviewed by independent auditors Deloitte ehf., who stated that the report provides a clear picture of the company's performance and financial position.