)

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.
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.
Next Stendörren Fastigheter earnings date

Next Stendörren Fastigheter earnings date

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.
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage