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.)
Recent news on Stendorren Fastigheter AB
See all newsBrief: Stendörren Fastigheter Signs Seven-Year Lease Deal With Northlab Photonics
Brief: Stendörren Signs Three-Year Lease Agreement With City Of Stockholm
Brief: Stendörren Acquires Warehouse And Light Industrial Property In Vallentuna
Sweden's Stendörren Q2 rental income rises 19%
Brief: Stendorren Q2 Rental Income SEK 312 Mln