Sveafastigheter AB Financial Update: Increased Rental Income and Management Results

Stockholm, May 13, 2025 — Sveafastigheter AB, a prominent real estate company listed on the Swedish Stock Exchange, has reported a positive financial performance for the first quarter of 2025. The company, which manages a portfolio of 14,794 apartments, has seen a notable increase in its rental income and management results, reflecting its strategic focus on enhancing occupancy rates and operational efficiency.

Rental Income and Management Results

Sveafastigheter’s rental income for the first quarter of 2025 reached SEK 376 million, a significant increase from SEK 312 million in the same period last year. This growth in rental income has contributed to a management result of SEK 56 million, despite a slight decrease of 3% compared to previous expectations. The company’s CEO, Erik Hävermark, highlighted the potential to further increase the occupancy rate, which currently stands at 94.9%, up from 94.3% since the second quarter of 2024.

Operational Performance

The company’s operational performance has been strong, with a net operating income of SEK 217 million, up from SEK 166 million in the previous year. This improvement is attributed to higher rental income and effective cost management strategies. Sveafastigheter’s focus on maintaining a robust portfolio and optimizing its operations has been a key driver of its financial success.

Market Position and Outlook

Despite a negative price-to-earnings ratio of -5.9, Sveafastigheter’s market capitalization stands at SEK 6.64 billion. The company’s strategic initiatives, including property expansion and portfolio management, have positioned it well for continued growth. The recent surge in rental income by 20.9% in Q4 2024, as reported in their presentation, underscores the company’s ability to capitalize on market opportunities.

Conclusion

Sveafastigheter AB’s financial performance in the first quarter of 2025 demonstrates its resilience and strategic focus on growth. With a strong start to the year and a clear path for increasing occupancy rates, the company is well-positioned to continue its upward trajectory in the competitive real estate market. Investors and stakeholders can look forward to further developments as Sveafastigheter continues to expand its portfolio and enhance its operational efficiency.