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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 2334
Rental growth -1 -2,6 5,5
NOI 1596 1537 1626
NOI margin (%) 70,3 69,5 69,7
CEPS 3,58 3,41 3,47
CEPS growth (%) 28,6 -4,9 2
DPS 1,15 1,15 1,15
EPRA NRV per share 92,14 96,59 102,86
EPS 1,35 5,1 6,28
EPS adj. 0 0 N/A
P/CEPS 11 11,6 11,4
P/E (x) 29,3 7,7 6,3
P/EPRA NRV 0,43 0,41 0,38
Implicit yield (%) 5,8 5,5 5,7
Dividend yield (%) 2,9 2,9 2,9
Net LTV (%) 47,71 47,03 46,06
LTV (%) 0 N/A N/A
SEKm 2025 2026e 2027e
Rental income 2271 2213 2334
Other income 0 0 0
Operating costs -676 -676 -708
NOI 1596 1537 1626
NOI margin (%) 70,3 69,5 69,7
Adm. costs -58 -61 -64
All other income & costs 0 0 0
Recurring EBIT 1538 1476 1562
Net financial items -703 -701 -772
Income from property management 834 775 790
Value chg. realized 0 0 0
Value chg. unrealized -351 458 737
Value chg. derivatives -2 39 0
Pretax profit 481 1272 1527
Deferred tax -52 -189 -228
Current tax -110 -84 -87
Net profit 319 999 1213
Minority interest 0 0 0
Div. Pref/D-shares and hybrids -73 -73 -73
Net profit to shareholders 245 925 1139
Cash earnings 651 618 630
Other related information N/A N/A N/A
Tax Rate (%) 33,8 21,5 20,6
Investments in developments -570 -519 -500
Acquisitions 0 0 -317
Other investments N/A N/A N/A
Divestments 0 0 0
EPS 1,35 5,1 6,28
CEPS 3,58 3,41 3,47
Dividend per share 1,15 1,15 1,15
Payout ratio of CEPS 32,12 33,76 33,1
Rental growth -0,96 -2,59 5,51
NOI growth -0,9 -3,7 5,8
CEPS growth 28,63 -4,86 2

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 72.4 % 75.2 % 28 Apr 2026
FastPartner AB 3.5 % 3.7 % 29 Apr 2026
Länsförsäkringar Fonder 2.3 % 2.4 % 31 Mar 2026
Familjen Kamprads stiftelse 2.1 % 2.0 % 27 Mar 2026
Alcur Fonder 1.6 % 1.7 % 31 Mar 2026
Carnegie Fonder 1.3 % 1.4 % 31 Mar 2026
Handelsbanken Fonder 0.6 % 0.7 % 31 Mar 2026
Nordea Funds 0.6 % 0.7 % 27 Mar 2026
SEB Funds 0.6 % 0.6 % 31 Mar 2026
Avanza Pension 1.2 % 0.6 % 27 Mar 2026
Source: Holdings by Modular Finance AB