Overview
Sweden property firm's rental income rose 4% to SEK 4.35 bln
EPS increased to SEK 7.22 from SEK 5.55
Income from property management grew 14% to SEK 2.04 bln
Outlook
Wihlborgs expects higher growth in coming years due to increased project investments
Company continues heavy investment in project development, reaching SEK 2.7 bln annually
Wihlborgs adapts to changing tenant needs, enhancing property attractiveness and rental growth
Result Drivers
RENTAL INCOME GROWTH - Rental income for Q4 was highest to date for a single quarter, increasing 5% compared to Q4 2024
PROJECT DEVELOPMENT INVESTMENT - Co increased annual investments from SEK 1.5 bln to SEK 2.7 bln over four years, despite weak economic trend
TENANT ADAPTATION - Co adapted to changing tenant needs, contributing to growth in rent levels and property attractiveness
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental Income
SEK 4.35 bln
FY EPS
SEK 7.22
FY Net Income
SEK 2.22 bln
FY Operating Surplus
SEK 3.11 bln
FY Profit From Property Management
SEK 2.04 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "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 Wihlborgs Fastigheter AB is SEK105.00, about 13.8% above its February 9 closing price of SEK92.30
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nWkr3Cpq8l
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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.)