Sweden's Genova Q4 rental income up 2% y/y on property divestment

Genova Property AB

19/02/2026 07:40

Overview

Sweden property firm's Q4 rental income rose 2% yr/yr

Company's Q4 income from property management fell 59% due to comparative period value changes

Company divested Knivsta properties for SEK 875m, boosting liquidity by SEK 120m

Outlook

Genova plans to redeem capital securities in March 2026

Company initiated share buy-back programme to strengthen earnings per share

Genova sees strengthened balance sheet and cash flows supporting 2026 profitability

Result Drivers

PROPERTY DIVESTMENT - Genova divested properties in Knivsta for SEK 875m, boosting liquidity by SEK 120m

STOCKHOLM ACQUISITION - Acquisition of properties in Stockholm region expected to boost income from property management per share by 20%

SUSTAINABILITY FINANCING - Genova signed sustainability-linked financing agreements totaling SEK 2.8 bln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Rental Income
SEK 128 mln
Q4 EPS
SEK 2.60
Q4 Net Income
SEK 130 mln
Q4 Operating Income
SEK 89 mln
SEK 78 mln (1 Analyst)
Q4 Income From Property Management
SEK 23 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "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 Genova Property Group AB is SEK54.00, about 35.3% above its February 18 closing price of SEK39.90

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nWkr26C5Dr

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(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.)