Neobo Fastigheter AB
16.63
SEK
-0.21
(-1.25%)
Neobo Fastigheter AB
LSE:0XCY
(London Stock Exchange)
Recent
price
16.63
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div
yld
- -
ROIC.AI
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- Business
- Neobo Fastigheter AB (publ) (NEOBO.ST) operates as a Swedish real estate company focused on the long-term ownership, management, and refinement of rental residential properties in growth municipalities across Sweden; its portfolio comprises approximately 8,381 apartments across 268 properties with a leasable area of around 713,000 square meters, where residential assets account for 97% of market value alongside parking lots, premises, and limited commercial spaces; the company targets stable rental markets with population growth and high employment, serving individual tenants and emphasizing sustainable living environments through environmental, economic, and social initiatives. Founded in 1999 and headquartered at Mäster Samuelsgatan 42 in Stockholm, Neobo Fastigheter delivers services including vacancy management for apartments, secure parking solutions, and adaptable commercial premises while integrating energy efficiency measures and property upgrades to enhance tenant safety and attractiveness. In recent developments, the company, formerly known as Amasten Fastigheter AB (publ) until its name change in December 2022, reports strengthened Q3 2025 results with profit from property management up 32% to SEK 161 million, driven by 4.2% like-for-like rental income growth and SEK 2 billion in bank loan refinancing at lower margins; it continues portfolio optimization through divestments such as non-cash-flow properties in Sollentuna, Karlskoga, Enköping, and Eskilstuna at book values, alongside a SEK 50 million share repurchase authorization, new management hires in real estate, transactions, and treasury, and strategic leasing with the Swedish prison and probation service to reduce commercial vacancies.