Sweden's John Mattson Q1 rental revenue rises 4.1%

John Mattson Fastighetsforetagen publ AB

23/04/2026 07:12

Overview

Sweden residential property firm's Q1 rental revenue rose 4.1% yr/yr

Income from property management per share grew 9.8% yr/yr

Company divested two properties at premiums, signed long-term lease for new care home

Outlook

Company says uncertainty in the external environment has increased

John Mattson to continue project development and joint ventures to broaden residential offering

Company remains focused on value creation in project portfolio and residential development

Result Drivers

RENTAL INCOME GROWTH - Co said rental income increased due to annual rent negotiations, apartment upgrades, and improved leasing performance in the commercial portfolio

VALUE CHANGES - Positive value change in property portfolio driven by stable yield requirements, improved net operating income, and realised value changes from completed tenant-owner conversions

PROPERTY DIVESTMENTS - Sale of two residential properties at premiums contributed positively to earnings and value development

Company press release: ID:nWkr6dVZfq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Revenues
SEK 172.20 mln
Q1 Net Income
SEK 152.20 mln
Q1 Income From Property Management
SEK 50.90 mln
Q1 Investments
SEK 63.30 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 John Mattson Fastighetsforetagen publ AB is SEK74.50, about 24.2% above its April 22 closing price of SEK60.00

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 24 three months ago

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.)