Rec. PTP adj. -13% vs ABGSCe Financial net impacted by one-offs Cons to lower rec.
CEPS up 3% for '25e and 7% for '26e Three solid growth drivers in place Trading below sector average Solid earnings capacity and estimates ...
NOI increased 6% y-o-y, +4% vs. ABGSCe Value changes 0.
Rec. PTP beat on NOI-margins and hedging Expect call of hybrid bonds in September Report leads us to reverse part of '24e CEPS cuts Higher ...
- Rec. PTP +9% vs. ABGSCe - Value changes positive, first time since Q4'22 - Earnings capacity IFPM +4% on lower net interest Beat on operat...
CEPS miss on one-off tax item Halving hybrid leads to higher CEPS '24e-'26e CEPS CAGR of ~14% vs sector at ~9% Divestment triggered one-off...
~4% miss on NOI adj. for one-off LTV down 50 bps q-o-q to 53% Earnings capacity -4% due to divestments Figures include positive one-off of ...
CEPS up 13% for '24e and 16% for '25e Coop vacancy leased out in full.
NOI increased 20% y-o-y, +2% vs. ABGSCe Value changes -0.
Ongoing projects proceeding well... ...while Coop termination weighs in the short term ~20% below NAV vs.
NOI increased 21% y-o-y, +2% vs. ABGSCe Value changes -1.
- Operational metrics continue to improve - Executing on its project potential - Bond maturities in 2024 and 2025 Record-high occupancy rate...
• NOI increased 28% y-o-y, +6% vs. ABGSCe • Value changes -1.
Q1 NOI beat drives estimates higher Another report with strong operational performance Relatively sizeable bond maturities in 2024 and 2025 ...
NOI increased 22% y-o-y, +7% vs. ABGSCe Basically no property value changes Earnings capacity (NOI) +3.
Hedged against further rate hikes Plenty of project completions in 2023 Sector-high earnings growth in '23-'25e Solid sequential uptick in ...
Recurring PTP SEK 55m vs ABGSCe at SEK 57m Q4'22: Rental income SEK 192m (1% vs ABGSCe 189m), NOI 136m (-1% vs ABGSCe 137m), Recurring PTP 5...
NOI increased 13% y-o-y, -1% vs. ABGSCe Value gains of 0.
Well-shielded from high inflation and interest rates Tenants still able to withstand large rent hikes Trading ~35% below logistics/industr...
Rental income up 1-2% from projects & M&A Ample firepower: SEK 1bn of available liquidity Trading below peers on both NAV and IFPM Progre...
Net operating income -1% vs. ABGSCe Net leasing SEK 17m (-4m) and 62m TTM (18m) Now 20% below peers on P/IFPM Income from property manageme...
Letting holds up – and 20% rental uplifts are encouraging Expected property value decline drives EPRA NRV lower Potential index inclusion: c...
Positive occupancy and NOI margin trend Balance sheet supports further growth New fair value range due to lower peer multiples Confirmed st...
Better occ. rate and 20% rent increase on renegotiations Average valuation yield of 5.
ESG activities In 2022, the company renewed its sustainability strategy and will in the forthcoming years focus on: operational excellence, ...
Recurring PTP of SEK 70m, 8% above ABGSCe Rental income was SEK 160m in Q2, in line with ABGSCe.
