Expansive real estate company with Stockholm in focus

Stendörren

Stendörren is a small, but expansive property company focusing on commercial properties, primarily light industry and warehouses in the Stockholm region and Mälardalen. The portfolio originates from Kvalitena AB, founded in the mid-1990s. Stendörren has a real estate portfolio of around 100 properties, or 600,000 rentable sqm, mainly located in the municipalities of: Stockholm, Upplands Bro, Järfälla, Botkyrka and Enköping.

Financials

Stendörren

SEKm 2017 2018 2019
Rental Income 454 532 641
Rental growth (%) 3,2 17,2 20,5
Net operating income 318 371 449
NOI margin (%) 70 69,8 70,1
CEPS Adj 5,76 5,74 6,45
CEPS Adj. growth (%) 42 -0,2 12,3
DPS 2,24 2,34 2,44
EPRA NAVPS 98,2 110,32 120,82
EPS 14,37 9,02 5,87
EPS Adj 14,37 9,02 5,87
P/CEPS Adj. (x) 11,8 16,5 14,7
P/E Adj. (x) 4,7 10,5 16,2
P/EPRANAV (x) 0,69 0,86 0,79
Implicit yield (%) 5,3 4,4 5,2
div.yield (%) 3,3 2,5 2,6
LTV (%) 56,6 63,1 61,9

Main shareholders

Stendörren

Main shareholders Share capital % Voting shares % Verified
Kvalitena 20.1 % 37.8 % 30 Sep 2018
Altira AB 10.3 % 14.6 % 30 Sep 2018
Johan Thorell 2.2 % 10.1 % 30 Sep 2018
Länsförsäkringar Fonder 9.6 % 5.3 % 30 Sep 2018
Avanza Pension 6.7 % 3.7 % 30 Sep 2018
SEB Fonder 6.1 % 3.4 % 30 Sep 2018
Staffan Rasjö 3.6 % 2.0 % 30 Sep 2018
Humle Fonder 3.0 % 1.7 % 30 Sep 2018
Anders Ivarsson Aktiebolag 2.4 % 1.3 % 30 Sep 2018
Fredrik Brodin 2.3 % 1.3 % 30 Sep 2018

Insider list

Stendörren

Name
Hans Fredrik Sebastian Brodin
Frej Adolph
Carl Johan Magnus Sundell
Johan Bråkenhielm
Caroline Karin Josefine Johansson Gebauer
Caroline Karin Josefine Johansson Gebauer
Caroline Karin Josefine Johansson Gebauer
Caroline Karin Josefine Johansson Gebauer
Arthur Mörk
Arthur Mörk
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