Management of commercial real estate

FastPartner

FastPartner owns, manages and develops primarily commercial real estate. The portfolio consists mainly of warehouse and production properties, but also offices and retail premises. Greater Stockholm is and remains FastPartner's most prioritized investment area. About 80% of rental income comes from the Greater Stockholm area and 20% from the rest of the country, with Gävle as the largest management unit. Moreover, FastPartner's property portfolio includes five properties in Stockholm city.

Financials

FASTPARTNER

SEKm 2017 2018 2019
Rental Income 1349 1456 1560
Rental growth (%) 6,2 7,9 7,2
Net operating income 936 994 1082
NOI margin (%) 69,4 68,3 69,4
CEPS Adj 3,15 3,28 3,75
CEPS Adj. growth (%) 5,5 4,1 14,5
DPS 1,43 1,6 1,7
EPRA NAVPS 50,2 59,31 64,62
EPS 7,81 7,69 3,3
EPS Adj 8,02 7,9 3,51
P/CEPS Adj. (x) 15,5 17 14,9
P/E Adj. (x) 6,1 7,1 15,9
P/EPRANAV (x) 0,97 0,94 0,86
Implicit yield (%) 4,5 4,3 4,6
div.yield (%) 2,9 2,9 3,1
LTV (%) 54,6 50,8 49

Main shareholders

FastPartner

Main shareholders Share capital % Voting shares %
Sven-Olof Johansson 69.5 % 71.5 %
Länsförsäkringar Fonder 5.1 % 5.2 %
Nordea Fonder 4.3 % 4.4 %
Swedbank Robur Fonder 2.8 % 2.8 %
Familjen Kamprads stiftelse 1.6 % 1.6 %
ODIN Fonder 0.8 % 0.8 %
Bengt Olsson 0.5 % 0.5 %
Alfred Berg 0.5 % 0.5 %
SEB Fonder 0.5 % 0.5 %
Björn Molin 0.5 % 0.5 %