Sweden's NP3 Fastigheter Q3 rental income rises, maintains profit forecast

By Reuters News


Overview

  • Sweden commercial property owner's Q3 rental income rose 12% yr/yr

  • Q3 profit from property management grew 12% yr/yr, driven by higher net operating income

  • Net profit after tax for Q3 increased 52% yr/yr


Outlook

  • NP3 maintains 2026 profit from property management forecast at SEK 1,240 mln

  • Company expects stable demand but notes longer decision-making due to interest rate volatility

  • NP3 sees good prospects to strengthen occupancy rate and cash flow as economy recovers


Result Drivers

  • HIGHER RENTAL INCOME - Co said Q3 net operating income rose mainly due to higher rental income from a larger property portfolio

  • LOWER INTEREST RATE - CEO said profit from property management rose due to higher net operating income and a lower average interest rate

  • ACQUISITIONS IMPACT - Co said vacancy value increased slightly, mainly due to vacancies in acquired properties


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Rental Income

SEK 639 mln

Q3 Net Profit After Tax

SEK 514 mln

Q3 Profit From Property Management

SEK 355 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

  • Wall Street's median 12-month price target for NP3 Fastigheter AB is SEK309.00, about 39.5% above its October 15 closing price of SEK221.50

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Oct 15 - Swedish Logistic Property's 9M rental income rises 24%, helped by acquisitions

  • Oct 15 - Sweden's Emilshus posts higher profit on stable occupancy; hikes forecast, to start paying dividend

  • Oct 15 - Sweden's Wallenstam nine-month profit rises on wind divestment


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.