Stendörren: Positive message for 2025 - ABG

NOI increased 6% y-o-y, +4% vs. ABGSCe
Value changes 0.5% vs ABGSCe at 0.5%
Earnings capacity (NOI) +8.5% q-o-q


Recurring PTP 86m (-5% vs ABGSCe 90m)

Q3'24: Total income SEK 221m (0% vs ABGSCe 222m), NOI 185m (4% vs ABGSCe 178m), recurring PTP 86m (-5% vs ABGSCe 90m), CEPS 2.39 (-7% vs ABGSCe 2.59). The NOI margin expanded 2.8 pp y-o-y to 83.7% (80.9%) vs ABGSCe at 80.4%. NOI in the earnings capacity (EC) increased 8.5% q-o-q to SEK 755m (695m in Q2’24), and the EC recurring PTP increased 4.5% q-o-q. The occupancy rate was flat at 93% (93% in Q2’24 & 94% in Q3'23).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/stendorren/Equity-research/2024/10/stendorren---positive-message-for-2025/