Rec PTP -7% vs ABGSCe, -8% y-o-y
Fastpartner delivered a Q2 report with rental income of SEK 574m (-1.4% vs ABGSCe) with a margin of 73.6%, driving NOI of SEK 423m (-3.7% vs ABGSCe). The NOI margin declined 1.0pp y-o-y (3rd consecutive quarter of y-o-y decline) and was 1.7pp below ABGSCe. While operating lines were slightly below our estimate, net financial expenses were slightly lower than we anticipated, with redeeming effects on rec. PTP, which ended up -7% vs ABGSCe. The occupancy rate was more or less flat q-o-q at 92.5% (92.6% adjusted for projects, down 0.1pp q-o-q).
LÄS MER
