Studentbostäder i Norden was founded in 2018 and is the only listed pure student housing player in the Nordics. It manages, develops and acquires student apartments with the aim to fill the significant student housing shortage in the Nordic region. The company went public through a reversed merger of Prime Living in 2020 and targets to grow its property portfolio to 10,000 student apartments by 2025.
Net LTV is higher than the sector average and the interest maturity is relatively short. With low-yielding assets and high financial leverage, the earnings risk is higher than peers in times of increasing interest rates.