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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 N/A N/A N/A
Sales 2271,3 2197,89 2272,05
Rental growth -0,96 -3,23 3,37
NOI 1595,7 1536,39 1590,93
NOI margin (%) 70,3 69,9 70
CEPS 3,58 3,42 3,61
CEPS growth (%) N/A N/A N/A
CEPS growth 28,63 -4,61 5,73
DPS N/A N/A N/A
Dividend per share 1,15 1,15 1,15
EPRA NRV per share 92,14 95,12 101,96
EPS 1,35 3,51 6,5
EPS adj. 0 0 N/A
P/CEPS 11,4 12 11,3
P/E (x) 30,34 11,65 6,3
P/EPRA NRV 0,44 0,43 0,4
Implicit yield (%) 5,7 5,4 5,6
Dividend yield (%) 2,8 2,8 2,8
Net loan to value 47,71 48,08 46,57
LTV (%) 0 N/A N/A
SEKm 2025 2026e 2027e
Sales 2271,3 2197,89 2272,05
Rental income N/A N/A N/A
Other income N/A N/A N/A
Other income RE 0 0 0
Operating costs -676 -662 -681
NOI 1595,7 1536,39 1590,93
NOI margin (%) 70,3 69,9 70
Adm. costs -58 -61 -63
All other income & costs 0 0 0
Recurring EBIT 1538 1476 1528
Net financial items N/A N/A N/A
Net financial items RE -703 -712 -735
Income from property management 834 763 793
Value chg. realized 0 0 0
Value chg. unrealized -351 141 733
Value chg. derivatives -2 3 0
Pretax profit N/A N/A N/A
Pretax profit RE 481 908 1526
Deferred tax N/A N/A N/A
Deferred profit tax -52 -127 -227
Current tax -110 -85 -87
Net profit N/A N/A N/A
Net profit RE 319 696 1212
Minority interest 0 0 0
Div. Pref/D-shares and hybrids N/A N/A N/A
Dividend to preferred shareholders -73 -73 -73
Net profit to shareholders N/A N/A N/A
Net profit to shareholders RE 245 623 1138
Cash earnings 651 605 632
Other related information N/A N/A N/A
Year N/A N/A N/A
Tax Rate (%) N/A N/A N/A
Tax Rate RE 33,8 23,4 20,6
Investments in developments -570 -506 -500
Acquisitions 0 0 0
Other investments N/A N/A N/A
Divestments 0 122 0
EPS 1,35 3,51 6,5
CEPS 3,58 3,42 3,61
Dividend per share 1,15 1,15 1,15
Payout ratio of CEPS 32,12 33,67 31,85
Rental growth -0,96 -3,23 3,37
NOI growth -0,94 -3,72 3,55
CEPS growth 28,63 -4,61 5,73

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 72.5 % 75.3 % 7 Jul 2026
FastPartner AB 4.1 % 4.4 % 26 Jun 2026
Länsförsäkringar Fonder 2.3 % 2.4 % 26 Jun 2026
Alcur Fonder 1.1 % 1.1 % 30 Apr 2026
Carnegie Fonder 0.8 % 0.9 % 26 Jun 2026
Avanza Pension 1.4 % 0.7 % 26 Jun 2026
Handelsbanken Fonder 0.6 % 0.7 % 31 May 2026
SEB Funds 0.6 % 0.7 % 31 May 2026
Nordea Funds 0.6 % 0.7 % 26 Jun 2026
BlackRock 0.5 % 0.6 % 31 May 2026
Source: Holdings by Modular Finance AB