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 | 16,9 | 14,8 |
| P/E Adj. (x) | 6,1 | 7 | 15,8 |
| 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 |
Equity research
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Main shareholders
FastPartner
| Main shareholders | Share capital % | Voting shares % | Verified |
|---|---|---|---|
| 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 % |
