Recurring PTP continues to fall short of our forecasts Good growth in EPRA NAVPS likely to continue Low operational risk bodes well for yield compression
Recurring PTP up 25% y-o-y but 15% below ABGSCe Property values up by SEK 159m (0.5% of prop.value) Trading at the highest P/CE multiples in the sector
Low operational risk increases chance of yield compression EPRA NAVPS to grow 21% in 2019e and 14% in 2020e High earnings multiples but low risk and good growth