Sveafastigheter AB (OSTO:SVEAF)

kr 38.86 -0.36 (-0.92%) Market Cap: 7.77 Bil Enterprise Value: 19.98 Bil PE Ratio: 0 PB Ratio: 0.52 GF Score: 11/100

Q1 2025 Sveafastigheter publ AB Earnings Call Transcript
May 13, 2025

kr36 (+5.70%)

Earnings

Q1 2025 Sveafastigheter publ AB Earnings Call Transcript

May 13, 2025 / 07:00 AM GMT

Release Date Price: kr36 (+5.70%)

Transcript

Key Points

Positve

Sveafastigheter AB (OSTO:SVEAF) reported a strong growth in rental income, which increased by 20.4% to 376 million.
Net operating income saw a significant rise of 31.3% to 270 million, indicating efficient cost management.
The company has a clear growth strategy with plans to start new construction of 600 to 800 apartments annually and upgrade 2000 apartments by 2029.
Sveafastigheter AB (OSTO:SVEAF) received an expected investment grade rating of minus with a positive outlook from Fitch, reflecting its strong financial position.
The occupancy rate improved by 0.6% points since the company's establishment, showing effective leasing strategies.

Negative

The company faced non-recurring administrative costs of 11 million, impacting the profit from property management.
There are signs of rising vacancy rates in certain areas, such as Kulle, due to external economic factors.
Higher tariffs for district heating and water have increased property expenses, affecting the NOI margin.
The company expects additional one-off costs in the upcoming quarters, which could impact future profitability.
There is no specific guidance on the number of new apartments to be constructed this year, indicating potential delays or uncertainties in project execution.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SVEAF.ST - Sveafastigheter publ AB
Q1 2025 Sveafastigheter publ AB Earnings Call
May 13, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Sviafat Diet or Q1 earnings call 2025. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers, session participants are able to ask questions by dialing und Key 5 on their telephone keypad. Now I will hand the conference over to the company. Please go ahead.

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Unidentified_2 [2]
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Welcome to SAA faci's earnings call and presentation of our Q1 2025 results. My name is Crystal, and I'm head of Treasurer and IR. Today's presenter is CEO Eric Hallmark. After the presentation, we are

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