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JOMA John Mattson Fastighetsforetagen publ AB News Story

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Sweden's John Mattson income from property management up 14.6%

Overview

Swedish residential property firm's income from property management grew 14.6% per share

Company's surplus ratio reached a record high of 72.4%

Company proposed a dividend of SEK 0.25 per share for 2025

Outlook

John Mattson plans new production in early 2026, starting with a care home in Bromma

Company maintains positive outlook despite geopolitical uncertainties

John Mattson announces long-term dividend policy of 30% of income from property management

Result Drivers

REVENUE AND COST CONTROL - Higher revenue and cost control contributed to a 14.6% increase in income from property management per share

INVESTMENTS AND CAPITAL RELEASE - Profitable investments in existing portfolio released capital for future growth plans

PROPERTY DIVESTMENT AND SHARE REPURCHASE - Divested properties at a premium and repurchased shares trading at a discount to enhance shareholder value

Key Details

MetricBeat/MissActualConsensus Estimate
FY Rental RevenuesSEK 673 mln
FY Net IncomeSEK 397.20 mln
FY DividendSEK 0.25
FY Income From Property ManagementSEK 223.30 mln
FY InvestmentsSEK 261.70 mln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the real estate rental, development & operations peer group is "buy" Wall Street's median 12-month price target for John Mattson Fastighetsforetagen publ AB is SEK75.00, about 14% above its February 11 closing price of SEK65.80 The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 24 three months ago Press Release: ID:nWkrc9jcc0 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.)

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