Rec PTP -2% vs ABGSCe, driven by higher property costs Vacancies up slightly, property values flat Share to trade slightly below the sector today
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Rec PTP -2% vs ABGSCe
Fastpartner delivered a Q1 report with rental income of SEK 572m (1.4% vs ABGSCe of SEK 580m and 1.3% y-o-y), while NOI amounted to SEK 374m (-4.6% vs ABGSCe of SEK 392m and -2.7% y-o-y). The NOI margin amounted to 65.4% vs ABGSCe at 67.5% and 66.3% in 1Q'24. Rec. PTP amounted to SEK 185m (-2.2% vs ABGSCe of SEK 189m and 32.9% y-o-y). Occupancy was down q-o-q at 91.7% (92.4% in Q4), and 92.0% (92.4% in Q4) adjusted for projects.
