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Sveafastigheter AB/Skr SVEAF B

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About Sveafastigheter AB

Ticker
Skr SVEAF B
Primary listing
XSTO
Employees
172
Headquarters
Stockholm, Sweden

SVEAF B Metrics

BasicAdvanced
kr 6.2B
13.89
kr 2.26
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-

Bulls say / Bears say

In Q2 2026, like-for-like rental income rose 4.4% and net operating income rose 3.2%, while profit from property management increased to SEK 110m from SEK 97m a year earlier. This shows the existing portfolio is still growing its cash earnings. (Sveafastigheter)
The completed KlaraBo merger creates a platform with about 26,500 apartments and is expected to deliver at least SEK 120m in annual synergies. A larger share of rent-producing homes may support steadier earnings if the savings are achieved. (Sveafastigheter, Sveafastigheter)
Fitch upgraded Sveafastigheter to BBB with a Stable Outlook after the merger and debt-maturity extensions. Its new EUR 350m bond, fixed at 4.5% and maturing in 2032, also helps spread funding maturities and diversify borrowing. (Sveafastigheter, Sveafastigheter)
The merger brings about SEK 55m in one-off transaction and integration costs, and the company expects around 50 roles to be redundant. Integrating the businesses and turning planned savings into lasting earnings remain execution risks. (Sveafastigheter, Sveafastigheter)
Fitch forecast net debt to EBITDA of 14.4 times in 2026 and interest cover of 1.9 times, and expects borrowing costs to rise to about 4% in 2028 as older, cheaper debt resets. That leaves earnings exposed to higher financing costs and limits financial headroom. (MarketScreener)
The enlarged portfolio remains focused on Sweden, leaving the business exposed to one country’s rental rules; rent rises are negotiated with tenant unions. Fitch expects rental growth to slow, which could make it harder to offset rising costs through higher rents. (MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 3 Nov 2026.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.