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Fastpartner

Fastpartner

Fastpartner owns, manages and develops primarily commercial real estate. The portfolio consists mainly of offices and logistics/warehouse/production properties, but with some premises within retail and hospitality, residentials and community service properties. Greater Stockholm remains Fastpartner's most prioritised investment area, accounting for a majority of rental income. Besides Stockholm, the company focuses on Gothenburg, Gävle, Malmö, Norrköping and Uppsala.

Sustainability information

The main risk for a real estate company is the macro development in the markets in which it operates. The demand situation should be more sustainable in Stockholm given the growing population, but historically volatility has been higher in the downturns. Moreover, the major shareholder and CEO of Fastpartner, Sven-Olof Johansson, is very important to the company.

SEKm 2025 2026e 2027e
Rental income 2271 2213 2271
Rental growth -1 -2,6 2,6
NOI 1596 1538 1581
NOI margin (%) 70,3 69,5 69,6
CEPS 3,58 3,45 3,63
CEPS growth (%) 28,6 -3,6 5,3
DPS 1,15 1,15 1,15
EPRA NRV per share 92,14 96,67 103,09
EPS 1,35 5,5 6,46
EPS adj. 0 0 N/A
P/CEPS 12,6 13,1 12,4
P/E (x) 33,5 8,2 7
P/EPRA NRV 0,49 0,47 0,44
Implicit yield (%) 5,6 5,3 5,4
Dividend yield (%) 2,5 2,5 2,5
Net LTV (%) 47,71 46,58 45,1
LTV (%) 0 N/A N/A
SEKm 2025 2026e 2027e
Rental income 2271 2213 2271
Other income 0 0 0
Operating costs -676 -675 -690
NOI 1596 1538 1581
NOI margin (%) 70,3 69,5 69,6
Adm. costs -58 -66 -68
All other income & costs 0 0 0
Recurring EBIT 1538 1472 1512
Net financial items -703 -678 -680
Income from property management 834 794 832
Value chg. realized 0 0 0
Value chg. unrealized -351 553 736
Value chg. derivatives -2 0 0
Pretax profit 481 1348 1568
Deferred tax -52 -182 -223
Current tax -110 -95 -100
Net profit 319 1070 1245
Minority interest 0 0 0
Div. Pref/D-shares and hybrids -73 -73 -73
Net profit to shareholders 245 997 1172
Cash earnings 651 626 659
Other related information N/A N/A N/A
Tax Rate (%) 33,8 20,6 20,6
Investments in developments -570 -510 -500
Acquisitions 0 0 0
Other investments N/A N/A N/A
Divestments 0 0 0
EPS 1,35 5,5 6,46
CEPS 3,58 3,45 3,63
Dividend per share 1,15 1,15 1,15
Payout ratio of CEPS 32,12 33,32 31,65
Rental growth -0,96 -2,58 2,63
NOI growth -0,9 -3,6 2,8
CEPS growth 28,63 -3,6 5,28

Equity research

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Media

Fastpartner - Company presentation with Vice President Christopher Johansson
Fastpartner - Company presentation with Vice President Christopher Johansson

Main shareholders - Fastpartner

Main shareholders Share capital % Voting shares % Verified
Sven-Olof Johansson 72.0 % 74.7 % 20 Feb 2026
Länsförsäkringar Fonder 2.3 % 2.4 % 31 Jan 2026
Familjen Kamprads stiftelse 2.1 % 2.0 % 23 Dec 2025
Alcur Fonder 1.6 % 1.7 % 31 Dec 2025
Carnegie Fonder 1.3 % 1.4 % 31 Dec 2025
Swedbank Robur Fonder 1.0 % 1.1 % 31 Jan 2026
FastPartner AB 1.0 % 1.0 % 23 Dec 2025
Handelsbanken Fonder 0.7 % 0.7 % 31 Jan 2026
SEB Funds 0.6 % 0.6 % 31 Jan 2026
Avanza Pension 1.2 % 0.6 % 23 Dec 2025
Source: Holdings by Modular Finance AB