Sveafastigheter (Buy, TP: SEK45.00) - Last quarter until costs normalise
We believe Q4 results will include one-off costs in relation to bringing in-house the final externally managed properties. We believe the market is looking for a track record for the company’s normalised cost base before a repricing could materialise – we expect this to happen in 2025–2026. We reiterate our BUY, while cutting our target price to SEK45 (47) due to an interest rate uptick.
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.