MaxFastigheter Set for strong IFPM growth in 2021
The Q4 report was solid, and showed continued resilience despite Covid-19. We have raised our fair value range to SEK37–44 after lifting our 2022e EPS by 2% following recent acquisitions, as well as trimming our valuation yield following tightening credit spreads in the capital markets. We expect a strong improvement in IFPM (income from property management) per share, with 20% growth in 2021 (from 4.5% in 2020), driven by project completions and acquisitions.MaxFastigheter i Sverige AB is a Sweden-based company, which is primarily focused on real estate development and operations industry. The Company owns, manages and develops commercial properties. The Company's property portfolio consists of commercial properties located on various local venues in Sweden, such as Avesta, Eskilstuna, Fagersta, Karlstad, Norrkoping, Sandsvall, Vasteras, Osthammar. Its property portfolio's leasable area is approximately 70,000 sqm.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.