Swedish Logistic Property's 9M rental income rises 24%, helped by acquisitions

Swedish Logistic Property AB

15/10/2026 07:19

Overview
Property owner's 9M rental income rose 24% yr/yr
Net operating income for 9M increased 25% yr/yr
Company acquired six properties and began several new logistics projects

Outlook
Company expects ongoing construction projects to generate SEK 50 mln in net operating income by end-2027
Swedish Logistic Property says it has a strong acquisition pipeline supporting continued growth

Result Drivers
POSITIVE NET LETTINGS - Co said positive net lettings contributed to Q3 performance
PROJECT ACTIVITY - Co cited high level of project activity as a driver of Q3 results
ACQUISITIONS - Co said several acquisitions in strategic logistics locations supported growth in Q3

Company press release: ID:nWkr46zxLQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Rental Income
 
SEK 920 mln
 
9M EPS
 
SEK 2.54
 
9M Net Asset Value Per Share
 
SEK 36.49
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 Swedish Logistic Property AB is SEK41.00, about 26.9% above its October 14 closing price of SEK32.30
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 14 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.)