Studentbostäder i Norden (STUDBO) Q3 2025 earnings summary

Executive summary

• Revenue increased by 7% to 353 MSEK for Jan–Sep 2025, with a 100% occupancy rate at period end, reflecting strong demand and effective cost control.

• Operating surplus rose 6% to 220 MSEK, and property value changes contributed 218 MSEK, driven by market strength and a favorable court ruling.

• Net profit for the period was 212 MSEK, up from a loss of -51 MSEK year-over-year; EPS reached 0.33 SEK.

• The company divested a project property in Karlstad and completed a rights issue of 145 MSEK.

Financial highlights

• Jan–Sep 2025 revenue: 353 MSEK (+7% YoY); operating surplus: 220 MSEK (+6% YoY).

• Management result: 27 MSEK (7 MSEK YoY); property value change: 218 MSEK (-22 MSEK YoY).

• Q3 revenue: 115 MSEK (+6% YoY); Q3 operating surplus: 74 MSEK (+9% YoY).

• Net profit Jan–Sep: 212 MSEK (-51 MSEK YoY); Q3 net profit: 65 MSEK (-3 MSEK YoY).

• Long-term NAV per share: 3.73 SEK (3.86 SEK YoY).

Outlook and guidance

• The company maintains a positive outlook, citing strong demand, full occupancy, and a robust financial position.

• Strategic focus remains on sustainable growth, cost control, and further strengthening of the balance sheet.