contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


stenhus-fastigheter-slightly-higher-costs-weigh-on-q2-results-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Stenhus Fastigheter i Norden operates in the real estate industry and focuses on the acquisition, development and management of residential and commercial properties. The company's portfolio includes rental and tenant-owned properties. The operations are primarily concentrated in Sweden. Stenhus Fastigheter i Norden was founded in 2020 and is headquartered in Stockholm, Sweden.

Stenhus Fastigheter i Norden

* Stable occupancy and positive net letting* Cons to lower estimates (rec. PTP) by ~2%* Share to trade broadly in-line with the real estate sector todayQ2 NOI -2% vs ABGSCeStenhus delivered ...

* Stable occupancy and positive net letting* Cons to lower estimates (rec. PTP) by ~2%* Share to trade broadly in-line with the real estate sector todayQ2 NOI -2% vs ABGSCeStenhus delivered a Q2 report with rental income of SEK 251m (0% vs ABGSCe of SEK 252m), and NOI of SEK 194m (-2% ABGSCe of SEK 197m), the NOI margin was down 0.7pp y-o-y to 77.3%. Central administration costs and net financials was slightly higher than expected resulting in rec. PTP of SEK 96m (-6% vs ABGSCe at SEK 102m). Occupancy was down 0.4pp q-o-q to 92.4% (92.8% in Q1'25), and the WAULT amounts to 6.1 years (6.0 in Q1'25). Net letting was positive and amounted to SEK 2.6m (SEK 1m in Q1). The earnings capacity including projects, divestment and acquisitions was flat q-o-q and amount to SEK 421m (-2% vs ABGSCe). A SEK 299m acquisition was announced in late June, currently not in estimates, will increase rental income by ~2.2%.Property values +0.3%, avg interest rate down 20 bps q-o-qUnrealised and realised value changes amounted to SEK 38m (+0.3% of property value) compared to our estimate of SEK 68m (+0.5%) and the average property valuation yield was flat q-o-q at 6.12%. The average interest rate was down by 20 bps q-o-q to 4.0%, the average interest maturity flat at 1.2 years (1.2 as of Q1) and the capital maturity down slightly to 2.3 years (2.4 as of Q1). The net LTV (ABGSC definition) came down by 1pp q-o-q to 52.9%.Share to trade in-line with the sector todayQ2 miss was driven by slightly higher operating costs, while central administration costs and net financial was also slightly ahead of our expectations. Net letting was positive, while the earnings capacity including projects, divestment and acquisitions was flat q-o-q and amount to SEK 421m (-2% vs ABGSCe). We expect cons to lower estimates (rec. PTP) by ~2% on the back of this report, and the share to trade broadly in-line with the sector today.