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Fredrik Stensved ... (+3)
  • Fredrik Stensved
  • Markus Henriksson
  • Victor Krüeger

Studentbostäder i Norden - Both higher growth and risks

Soaring interest rates affect estimates negatively Forecast property value decline of ~10% Both higher growth and discount to NAV vs. peers

Fredrik Stensved ... (+3)
  • Fredrik Stensved
  • Markus Henriksson
  • Victor Krüeger

Studentbostäder i Norden - Both top line and IFPM above expectations

NOI of SEK 39m vs ABGSCe at SEK 42m Property value changes of SEK 33m – in line vs ABGSCe Net LTV of 60.9% (62.9% in Q1’22)

Fredrik Stensved ... (+3)
  • Fredrik Stensved
  • Markus Henriksson
  • Victor Krüeger

Studentbostäder i Norden - Projects to drive earnings growth

Strong Q1 with continued expansion in NOI margin Est. revisions related to investments and interest rates Trading ~35% below residential peers on 2024e

Fredrik Stensved ... (+3)
  • Fredrik Stensved
  • Markus Henriksson
  • Victor Krüeger

Studentbostäder i Norden - ESG profile

The construction and real estate sector leaves carbon footprints through the entire value chain, including the production of materials, buildings and managing properties. Buildings have an environmental impact, and it is important for Studentbostäder I Norden to minimise this impact by reducing its consumption of energy, waste, water and chemicals. Other risks that the company is exposed to are social and governance issues such as health and safety, ethical business conduct, and transparency. Th...

Fredrik Stensved ... (+3)
  • Fredrik Stensved
  • Markus Henriksson
  • Victor Krüeger

Studentbostäder i Norden - Higher sales and strong NOI margin

NOI +14% vs ABGSCe Property value changes of SEK 110m (+1.9%) Net LTV of 62.9% (ABGSCe at 64.0%)

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