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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 2193 2256
Rental growth -1 -3,4 2,9
NOI 1596 1535 1582
NOI margin (%) 70,3 70 70,1
CEPS 3,58 3,4 3,43
CEPS growth (%) 28,6 -5,1 0,8
DPS 1,15 1,15 1,15
EPRA NRV per share 92,14 94,8 102,48
EPS 1,35 3,04 6,38
EPS adj. 0 0 N/A
P/CEPS 10,5 11,1 11
P/E (x) 28 12,4 5,9
P/EPRA NRV 0,41 0,4 0,37
Implicit yield (%) 5,9 5,6 5,7
Dividend yield (%) 3 3 3
Net LTV (%) 47,71 48,59 47,17
LTV (%) 0 N/A N/A
SEKm 2025 2026e 2027e
Rental income 2271 2193 2256
Other income 0 0 0
Operating costs -676 -658 -674
NOI 1596 1535 1582
NOI margin (%) 70,3 70 70,1
Adm. costs -58 -60 -63
All other income & costs 0 0 0
Recurring EBIT 1538 1475 1519
Net financial items -703 -716 -772
Income from property management 834 759 747
Value chg. realized 0 0 0
Value chg. unrealized -351 -38 732
Value chg. derivatives -2 87 0
Pretax profit 481 808 1479
Deferred tax -52 -112 -223
Current tax -110 -87 -82
Net profit 319 609 1174
Minority interest 0 0 0
Div. Pref/D-shares and hybrids -73 -73 -73
Net profit to shareholders 245 535 1101
Cash earnings 651 599 591
Other related information N/A N/A N/A
Tax Rate (%) 33,8 24,6 20,6
Investments in developments -570 -523 -500
Acquisitions 0 0 0
Other investments N/A N/A N/A
Divestments 0 138 0
EPS 1,35 3,04 6,38
CEPS 3,58 3,4 3,43
Dividend per share 1,15 1,15 1,15
Payout ratio of CEPS 32,12 33,85 33,57
Rental growth -0,96 -3,44 2,86
NOI growth -0,9 -3,8 3
CEPS growth 28,63 -5,12 0,84

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 73.0 % 75.9 % 27 Aug 2026
FastPartner AB 5.4 % 5.7 % 28 Sep 2026
Länsförsäkringar Fonder 2.3 % 2.4 % 30 Sep 2026
Avanza Pension 1.5 % 0.8 % 28 Sep 2026
SEB Funds 0.6 % 0.7 % 30 Sep 2026
Handelsbanken Fonder 0.6 % 0.7 % 30 Sep 2026
Carnegie Fonder 0.6 % 0.7 % 28 Sep 2026
Nordea Funds 0.6 % 0.7 % 28 Sep 2026
Bengt Olsson 0.5 % 0.5 % 28 Sep 2026
ODIN 0.3 % 0.4 % 30 Sep 2026
Source: Holdings by Modular Finance AB