Logotype for Stendörren Fastigheter

Stendörren Fastigheter (STEF) investor relations material

Stendörren Fastigheter Stockholm Corporate Finance Conference 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Stendörren Fastigheter
Stockholm Corporate Finance Conference 2025 summary11 Sep, 2025

Business overview and growth strategy

  • Focus on warehouse logistics and light industrial properties, primarily in Stockholm, with a portfolio valued at approximately SEK 15 billion and a strong inbuilt rental growth due to urban location.

  • Large development rights portfolio of 630,000 sqm, enabling significant future expansion, with recent geographic diversification into Oslo, Copenhagen, and Helsinki.

  • High-yielding segment with properties generating around 6.5% yield, long lease terms (4.2 years), and a diversified tenant base, with the largest tenant accounting for only 8% of rental flow.

  • Growth driven by acquisitions and internal development, with a strategy to avoid competitive auctions and focus on smaller, higher-yielding property purchases.

  • Operational improvements include halving vacancy rates and increasing net operating income by 12-13% over five years, with most growth internally generated.

Financial performance and stability

  • Achieved 17% increase in net operating income and 13% growth in management results per share in the first half of the year.

  • Maintained strong financial stability with 70% of interest-bearing debt hedged and a long average debt maturity of over three years.

  • Recent property acquisitions total SEK 1.7 billion at yields above 7%, split between Sweden and other Nordic capitals.

  • Development projects delivered over 20,000 sqm in the past year with 85% occupancy, and ongoing projects have a net operating income potential of SEK 50 million.

  • Reduced energy consumption per sqm by 30% over five years, reflecting strong cost control and sustainability focus.

Market positioning and valuation discussion

  • Trades at a slight discount to net asset value, unlike many peers in the hot logistics and light industrial sector, due to the market not valuing the development rights portfolio in the share price.

  • The development rights portfolio represents about 10% of total property value, but is not reflected in market valuation until developed.

  • Management prefers a long-term industrial approach, retaining and developing land rather than selling for short-term gains.

  • The market for development rights is illiquid, and timing is crucial for value realization.

  • Main shareholder is a private equity fund with a long-term, industrial mindset, supporting the company’s growth strategy.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Stendörren Fastigheter earnings date

Logotype for Stendörren Fastigheter
Q3 202524 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Stendörren Fastigheter earnings date

Logotype for Stendörren Fastigheter
Q3 202524 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Stendörren Fastigheter AB is a Swedish real estate company that focuses on the management, development, and acquisition of properties, especially within logistics, warehouse, and light industry sectors. The company primarily operates in the Nordic growth regions, aiming for profitable growth in net asset value through strategic property and building rights investments. Stendörren Fastigheter's business model includes repositioning and optimizing the value of its property portfolio by targeting properties and areas with significant development potential. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage