FastPartner AB

Latest Results (30.05.2026):

Fastpartner AB — Q3 2025: For the quarter and first nine months ended 30 September 2025 Fastpartner AB reports mixed operational momentum: rental income and net operating income edged down (rental income Jan–Sep SEK 1,700.8m, –1.5%), while profit from property management improved strongly (+21% to SEK 628.0m Jan–Sep; Q3 SEK 232.6m). The property portfolio was valued at SEK 34,116.3m but showed unrealised value changes of SEK –191.2m for the period, and after‑tax profit Jan–Sep was SEK 288.7m. Rolling annual profit from property management is about SEK 860m (company target SEK 1,100m by end‑2025).

Revenue & NOI

Q3 2025 rental income SEK 568.6m (vs SEK 574.0m prior year Q3). Jan–Sep 2025 rental income SEK 1,700.8m (–1.5%). Net operating income Jan–Sep SEK 1,202.8m (–2.0%); Q3 NOI SEK 412.3m. Surplus ratio Q3 72.5%; YTD 70.7%.

Profit from property management

Q3 2025 profit from property management SEK 232.6m (up 21% vs Q3 2024). Jan–Sep 2025 profit from property management SEK 628.0m (up 21%). Rolling 12‑month profit from property management ~SEK 860m.

Valuations & net result

Market value of properties at 30/09/2025 SEK 34,116.3m. Unrealised changes in property values for Jan–Sep 2025 SEK –191.2m (vs +118.8m prior year). After‑tax profit Jan–Sep 2025 SEK 288.7m (SEK 1.28 per class A share), down from SEK 488.8m prior year.

Balance sheet & leverage

Equity SEK 14,938m; equity/assets ratio 40.9% (NRV‑adjusted 48.9%). Interest‑bearing liabilities SEK 16,487m; interest‑bearing net liabilities SEK 15,544.8m (~45.7% of property market value). Average interest rate on loans ~3.7%.

Liquidity & financing

Cash and cash equivalents including unutilised overdraft facilities SEK 598.3m; unutilised bank credit facilities SEK 2,815m. Current portion of loans maturing within 12 months SEK 3,168m; company states refinancing prospects are good. Outstanding listed bonds/commercial paper ~SEK 5,689m.

Investments & development

Investments in existing properties Jan–Sep SEK 312.0m. Current project commitments SEK 790.9m with remaining investment ≈SEK 430m. Development rights valued at SEK 726m (≈416,000 m2 potential GFA).

Shareholder actions & per‑share metrics

Repurchased 1.6m class A shares (avg SEK 54.20; total repurchase SEK 86.9m). Dividend paid SEK 273.4m (incl. class D dividend SEK 73.3m). Long‑term NRV per class A share SEK 98.6. Earnings per class A share Jan–Sep SEK 1.28; profit from property management per class A share SEK 3.45.

Outlook

Management notes cautious optimism due to lower interest rates and improving tenant demand; reiterated target to reach a rolling annual profit from property management of SEK 1,100m by end‑2025. Key risks remain interest/financing and property value movements.