Q4 NOI beat of >10% filtering through Highest occupancy in the Swedish RE sector P/NAV at ~0.3x, net LTV peak at ~72% Impressive Q4 report Studentbostäder delivered a Q4 report with NOI +14% vs ABGSCe, and occupancy continues to be sector-high at an ...
Q4 NOI +29% y-o-y, +14% vs ABGSCe Property values -0.6%, net LTV 65.8% Occupancy at ~99% Q4 snapshot Studentbostäder delivered a Q4 report with rental income of SEK 90m (+11% vs ABGSCe) and NOI of SEK 52m (+14% vs ABGSCe) with a margin of 57.7% (+0.6...
Operational momentum – expect higher occupancy q-o-q Higher interest rate path leads to negative CEPS ‘23-‘24e 2022e P/NAV of 0.37x, ~40% below residential peers Strong student letting market Studentbostäder i Norden AB will release its Q3 report on ...
Soaring interest rates affect estimates negativelyForecast property value decline of ~10%Both higher growth and discount to NAV vs. peersResults above ABGSCe but interest rates weigh on estimatesStudentbostäder i Norden (SBS) delivered a stable Q2 report...
NOI of SEK 39m vs ABGSCe at SEK 42mProperty value changes of SEK 33m – in line vs ABGSCeNet LTV of 60.9% (62.9% in Q1’22)First take on Q2 resultsStudentbostäder delivered a Q2 report with total income of SEK 66m (+2% vs ABGSCe at SEK 65m) with a lower...
Strong Q1 with continued expansion in NOI marginEst. revisions related to investments and interest ratesTrading ~35% below residential peers on 2024eQ1 report and estimate revisionsStudentbostäder i Norden delivered a strong Q1 report with rental income...
Company activitiesStudentbostäder I Norden has a vision to provide sustainable housing for students. Its renewed strategy for sustainability development is divided into three focus areas; 1) develop environmentally sustainable housing, 2) develop socially...
NOI +14% vs ABGSCeProperty value changes of SEK 110m (+1.9%)Net LTV of 62.9% (ABGSCe at 64.0%)First take on Q1 resultsStudentbostäder delivered a Q1 report with total income of SEK 73m (+6% vs ABGSCe at SEK 70m) with a higher -than-expected NOI margin...
Pure residential exposure (~99% of the portfolio)Acquisitions and vast development pipeline drive growthInitiate coverage with a fair value range of SEK 10.0-11.5Several attractive market driversSince its foundation in 2018, Studentbostäder i Norden ...