10:45 / 21 december 2022
Today ABG Sundal Collier sponsored research initiates coverage of Stenhus Fastigheter. Read the full report here!
Supportive long-term fundamentals
Stenhus was listed in 2020 and has grown fast, primarily via acquisitions. The property portfolio amounts to ~SEK 14bn and consists of light industrial properties, grocery stores, public properties and offices, geographically split across Sweden. Stenhus focuses on cash-flow generating properties with strong tenants and long lease agreements. The management team has a long track record of transactions, and has in recent times completed both public takeovers (MaxFastigheter, Randviken) and divestments.