HEBA Fastighets AB Class B

HEBA Fastighets AB Class B

22.15
SEK
-0.30
(-1.34%)
2.49EPS
9.70P/E
3.75BMarket Cap
Feb 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.5
1.62
1.71
1.79
2.03
2.3
2.35
2.38
2.72
3.09
3.43
3.4
3.77
3.94
Basic EPS, GAAP
1.11
0.76
5.47
2.26
2.23
3.96
4.39
4.35
8.93
-0.82
-4.31
0.6
1.8
2.49
Free Cash Flow per Basic Share
0.38
0.65
0.7
0.91
1.05
1.03
1.05
1.14
1.41
1.19
1.43
1.3
1.35
1.12
Dividend per Share
0.28
0.3
0.33
0.38
0.4
0.45
0.55
0.6
0.65
0.8
0.45
0.52
0.54
1.09
Book Value per Share
16.69
17.15
22.29
24.17
26
29.51
33.34
37.09
45.38
43.75
38.99
39.07
40.87
41.57
Tangible Book Value per Share
16.68
17.14
22.28
24.16
25.99
29.49
33.33
37.08
45.34
43.71
38.96
39.01
40.82
41.51
Basic Weighted Avg Shares
165
165
165
165
165
165
165
165
165
165
165
165
160
157
Sales/Revenue/Turnover
248
267
282
295
335
381
388
394
450
510
566
562
605
619
Operating Margin (%)
54.2
54.52
55.75
54.79
55.81
57.97
59.69
60.86
61.33
63.44
64.64
64.94
65.6
65.59
Depreciation Expense
1
1
1
2
2
2
3
3
3
4
2
4
5
5
Net Income, GAAP
184
126
903
372
368
654
724
718
1,475
-136
-712
99
289
392
Effective Tax Rate (%)
21.85
22
21.99
15.33
21.89
9.77
7.22
21.1
16.83
- -
- -
30.73
23.44
23.88
Profit Margin (%)
74.19
47.04
319.7
126.1
109.9
171.77
186.45
182.39
328.08
-26.71
-125.93
17.57
47.65
63.26
Working Capital
-566
-796
-851
-543
-836
-1,518
-1,672
-2,504
-1,652
-1,680
-545
-1,762
-1,549
-1,734
LT Debt
883
907
1,135
1,911
2,472
2,101
1,905
2,461
4,448
5,960
5,043
4,497
5,137
5,502
Total Equity
2,756
2,832
3,681
3,991
4,293
4,873
5,506
6,125
7,493
7,224
6,437
6,450
6,344
6,452
Return on Invested Capital (%)
2.97
2.95
2.71
2.57
2.41
2.83
2.78
2.13
2.09
- -
- -
2.25
2.62
2.6
Return on Capital (%)
5.45
3.72
18.53
6.82
5.86
8.81
8.89
7.54
12.29
- -
- -
1.72
3.34
4.05
Return on Common Equity (%)
6.84
4.5
27.72
9.71
8.88
14.26
13.95
12.35
21.67
-1.85
-10.43
1.53
4.51
6.05

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,490
1,540
1,690
LT Borrowings
4,984
5,350
5,349
LT Finance Leases
153
153
153
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
155
155
155
Market Capitalization
4,765
4,315
3,748

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
58
89
90
Cash, Cash Equivalents & STI
17
40
47
Accounts Receivable, Net
1
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1,607
1,678
1,824
Payables & Accruals
- -
- -
- -
ST Debt
1,490
1,540
1,690
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.01%
1.28%
-1.66%
Free Cash Flow
7.45%
4.06%
1.07%
Net Income, GAAP
52.53%
99.53%
192.4%
Sales/Revenue/Turnover
8.07%
9.12%
7.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
136
140
142
144
562
2025
151
152
- -
151
605
2026
157
159
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.24
0.11
0.09
0.65
0.6
2025
0.32
0.38
- -
0.87
1.8
2026
0.7
0.55
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.54
- -
- -
0.52
2025
- -
0.52
- -
- -
0.54
2026
- -
0.55
- -
- -
- -

Company Description

CEO
Patrik Emanuelsson
Full Time Employees
41
Sector
Finance
Industry
Real estate development
Address
Box 17006 Stockholm AB Sweden 104 62
IPO Date
Jun 13, 1994
Business
Heba Fastighets AB (publ) Heba Fastighets AB (publ) (HEBA-B.ST) is a Sweden-based real estate company that develops, owns, manages, and leases residential and community service properties primarily in the Stockholm region and Mälardalen Valley. The company offers youth housing, rental apartments, nursing homes, elderly care facilities, group homes, day-care centers, and public buildings such as community service properties; its portfolio includes approximately 58 properties with 3,110 residential units, 825 apartments in elderly care facilities, and 119 non-residential units as of March 2025. Heba Fastighets AB (publ) focuses on target markets including individual renters, elderly care providers, and municipal tenants, with operations concentrated in cities such as Stockholm, Lidingö, Huddinge, Täby, Nynäshamn, and Norrtälje. Founded in 1952 and listed on Nasdaq Stockholm Nordic Mid Cap since 1994, the company is headquartered in Stockholm, Sweden, and employs 43 people. Heba Fastighets AB (publ) maintains a long-term joint venture with Åke Sundvall Byggnads AB for constructing rental and tenant-owned cooperative apartments, supporting a development pipeline of around 20 projects with potential for 1,600 units; recent projects include the start of construction on 128 rental apartments in Källberga, Nynäshamn, in Q3 2024 with an estimated investment of SEK 400 million and the divestment of phases of the Vårbergstoppen project to AB Svenska Bostäder, with the second phase scheduled for June 2025. In the last 1-2 years, Heba Fastighets AB (publ) has pursued growth through strategic acquisitions of community service properties, including the April 2025 acquisition of H-Huset Sbs AB from Credentia AB for SEK 22.4 million, encompassing a newly built nursing home in Norrtälje valued at SEK 230 million under a 15-year lease with Attendo until 2041; the company also reported stronger income from property management in Q1 2025, with rental income up 11% and net operating income up 15% year-over-year, driven by 2024 acquisitions and renovations. Ongoing investments total SEK 1.5 billion for portfolio modernization to enhance rental yields, alongside emphasis on sustainability initiatives like green transitions and climate-smart living features for tenants. Elderly care facilities now contribute 30% of net operating income, diversifying from its residential core.