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Sweden's Stendörren Q2 rental income rises 19%

Sweden's Stendörren Q2 rental income rises 19%


Overview

  • Swedish logistics property firm's Q2 rental income rose 19% yr/yr, net operating income up 17%

  • Co posted profit of SEK 141 mln from a loss a year earlier

  • Growth driven by acquisitions, completed projects, and reduced loan margins


Outlook

  • Company sees good conditions for expanding data center capacity in Almnäs, Södertälje


Result Drivers

  • ACQUISITIONS AND PROJECTS - Co said income growth was driven by property acquisitions and completed development projects

  • POSITIVE NET LETTING - Co reported positive net lettings and a higher occupancy rate, now at 95%

  • PUBLIC SECTOR DEMAND - Increased demand from public tenants contributed to revenue stability


Company press release: ID:nWkrrMvMC


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Rental Income

SEK 602 mln

H1 Net Operating Income

SEK 482 mln


Reuters Recommended Reads

  • July 20 - UK's Segro rejects $18.2 billion Prologis bid as takeover tussle intensifies

  • July 20 - France's Argan H1 rental income rises 4%, raises 2026 target

  • July 20 - UK's Big Yellow Q1 revenue rises on new store openings


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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