Oscar Properties was founded in 2004 with the common share listed on Nasdaq Stockholm in 2015. From being a residential developer it changed strategy in 2020 to become a property management company. The investment property portfolio grew rapidly in 2021, from ~SEK 1.4bn to SEK 6.7bn, mainly from acquisitions. The main target by year-end 2024 is to reach SEK 20bn in property value. The company looks at properties with higher yields, in most segments and geographies. Oscar Engelbert is the founder and CEO.
Opportunistic management has in a short time transposed Oscar Properties’ property portfolio. The changed focus in late 2020 towards high-yielding recurring earnings from investment properties raises the possibility that the average interest rate will fall significantly if the investment property management proves successful.
Macro developments in the operating markets are crucial for real estate companies. Although Oscar Properties has plenty of real estate experience, its track record as an investment property manager is limited. Near-term growth could be substantially financed via equity issues, which hurts shareholders if operations prove unsuccessful.