Sweden's SBB reports stable rental income, profit declines

Samhallsbyggnadsbolaget I Norden AB

25/02/2026 07:12

Corrects headline and third bullet of Overview section to say loss attributable narrows, not profit declines

Overview

Nordic property firm's FY rental income stable at SEK 1,871 mln

Net operating income rose 7.4% in comparable portfolios

Loss for the period including discontinued operations attributable showed significant decline

Outlook

Company did not provide specific guidance for future quarters or the upcoming year

Result Drivers

STRATEGIC PLAN COMPLETION - CEO Leiv Synnes stated that SBB has completed its strategic plan

PROPERTY VALUE CHANGES - Unrealized changes in property values amounted to SEK -413m, impacting overall profitability

CASH FLOW CHALLENGES - Operating cash flow before changes in working capital was negative at SEK -1,017m

Company press release: ID:nMFN4pDTrN

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental income
SEK 1.87 bln
FY Adjusted Operating Cash Flow
-SEK 1.02 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 Samhallsbyggnadsbolaget I Norden AB is SEK5.50, about 28.3% above its February 24 closing price of SEK4.29

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

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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.)