First take on Q2 figures
Fastpartner delivered a Q2 report with rental income of SEK 553m (+12% y-o-y, -3% vs ABGSCe. The NOI margin expandend by 2.1 pp y-o-y to 74.7% (ABGSCe at 72.8%), leading to NOI of SEK 413m (-1% vs ABGSCe). Net financial expenses continue to weigh significantly on earnings, given the company's high share of floating terms, and IFPM amounted to SEK 204m (-27% y-o-y, -5% vs ABGSCe). Total occupancy was flat sequentially at 93.1% (93.3% excluding project properties).
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