Studentbostäder i Norden (STUDBO) investor relations material

Portfolio overview and growth

• Portfolio valued at SEK 8.1 billion, with 6,581 student apartments and a 99.2% occupancy rate.

• 64% of the portfolio is located in Stockholm, Gothenburg, and the Öresund region, with a focus on proximity to leading universities.

• Majority of properties are modern, with an average building age of 9 years.

• Portfolio growth driven by acquisitions and new developments between 2021 and 2025, quadrupling size since 2020.

• Increased exposure to major cities and top universities, with 97% of assets in university towns.

Market trends and demand drivers

• Long-term trend toward higher education and a growing young adult population support demand.

• Student housing market characterized by a persistent shortage, especially in key university cities.

• Student aid has increased faster than wages since 2022, supporting affordability.

• 93% of rental value comes from apartments under 38 sqm, matching student needs for compact, affordable housing.

• Portfolio primarily located in municipalities with a shortage of student housing.

Operational strategy and value proposition

• Focus on small, well-planned apartments with private kitchens and bathrooms to maximize yield and appeal.

• Common areas such as gyms, lounges, and study rooms enhance community and student experience.

• Efficient management and digital solutions tailored for students improve operational efficiency.

• Affordable rents set at 42% of students’ disposable income, supporting high occupancy.

• Value creation through acquisitions, renovations, and new developments.