Sveafastigheter AB/Skr SVEAF

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About Sveafastigheter AB

Sveafastigheter AB is a Swedish real estate company specializing in the ownership, development, and management of residential properties. Operating primarily in the Property Management and New Construction segments, the company focuses on regulated rental housing, ensuring stable long-term value and low vacancy risk. As of June 2024, Sveafastigheter's portfolio included approximately 14,500 apartments under management and around 7,900 apartments in development, with a total property value of SEK 27.5 billion. The company was founded in 2014 and is headquartered in Stockholm, Sweden. In October 2024, Sveafastigheter was listed on Nasdaq First North Premier Growth Market, becoming Sweden's largest publicly listed pure-play residential real estate company. The company's strategic focus on regulated rental housing in growth regions provides favorable conditions for stable and increasing revenues over time.
Ticker
Skr SVEAF
Sector
Real Estate
Primary listing
XSTO
Employees
172
Headquarters
Stockholm, Sweden
Website
sveafastigheter.se

SVEAF Metrics

BasicAdvanced
kr 6.6B
14.40
kr 2.26
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Bulls say / Bears say

Rental income rose 6.5% year on year in Q2 2026, while net operating income increased 7.1%; like-for-like rental income still grew 4.4%. This suggests the existing residential portfolio is delivering steady organic growth. (MFN.se)
The planned KlaraBo merger is expected to create a group with about 26,500 apartments and at least SEK120m of annual synergies. Greater scale and a higher share of cash-flow-generating properties could lift property-management profit per share and dividend capacity. (MarketScreener)
Sveafastigheter has priced a EUR350m five-and-a-half-year bond, extending maturities and broadening its funding base. Fitch expects to upgrade the company to BBB with a stable outlook by the end of September if the merger and the remaining refinancing steps are completed. (Placera.se)
Q2 property-management profit was SEK110m, below the SEK123m analyst consensus, and the company still reported a SEK26m net loss. Revenue and net operating income growth are therefore not yet translating consistently into bottom-line earnings. (MarketScreener)
The enlarged group remains exposed to refinancing risk: Fitch expects the average cost of debt to rise to about 4% in 2028 as older low-cost debt resets, while forecast net interest cover is only around 1.9 times. Higher funding costs could absorb much of the rental growth. (MarketScreener)
The merger adds execution and governance complexity. SB1 Markets says its forecasts remain below Sveafastigheter’s pro forma earnings capacity and that integration costs could weigh on near-term results, so it retains a Neutral rating despite raising its target price. (MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 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.