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

Fastpartner - Improved balance sheet, good project timing

Occupancy rate +180 bps since Q3’21 to ~93% Management remains cautious on property valuation ~55% discount to reported NAV

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

Fastpartner - Higher net interest causes IFPM miss

NOI increased 10% y-o-y, 0% vs. ABGSCe Value gains of 0.0% vs. ABGSCe 0.5% Occupancy rate remains solid at ~92%

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

Fastpartner - Solid balance sheet and local know-how

Local awareness may prove vital in times like this NOI +2-4% and CEPS -3-4% Trading at ~0.55x reported P/EPRA NRV

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

Sector Fast Comment - Rate hike impact on commissioned coverage

The Swedish Riksbank has hiked the repo rate by 100bps... …we have mapped out how this effects our coverage See sensitivity analysis below

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