contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


stenhus-fastigheter-strong-operational-performance-in-q3-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Stenhus Fastigheter i Norden är verksamt inom fastighetsbranschen och fokuserar på förvärv, utveckling och förvaltning av bostads- och kommersiella fastigheter. Bolagets portfölj inkluderar hyres- och bostadsrätter. Verksamheten är främst koncentrerad till Sverige. Stenhus Fastigheter i Norden grundades 2020 och har sitt huvudkontor i Stockholm.

Stenhus Fastigheter i Norden

* Strong NOI margin behind rec. PTP +1% vs ABGSCe* Cons to raise estimates (rec. PTP) by ~5%* Share to trade ahead of the real estate sector todayQ3 NOI +3% vs ABGSCeStenhus delivered a Q3 report...

* Strong NOI margin behind rec. PTP +1% vs ABGSCe* Cons to raise estimates (rec. PTP) by ~5%* Share to trade ahead of the real estate sector todayQ3 NOI +3% vs ABGSCeStenhus delivered a Q3 report with rental income of SEK 258m (+2% vs ABGSCe of SEK 252m), and NOI of SEK 213m (+3% ABGSCe of SEK 207m), the NOI margin was up 1.6pp y-o-y to 82.6%. Central administration costs were fairly in-line with our expectations while net financials were slightly higher than expected resulting in rec. PTP of SEK 114m (+1% vs ABGSCe at SEK 113m). Occupancy was up 0.4pp q-o-q to 92.8% (92.4% in Q2'25), and the WAULT amounts to 6.3 years (6.1 in Q2'25). Net letting was negative and amounted to SEK -2.3mm (SEK 2.6m in Q2). The earnings capacity including projects, divestment and acquisitions was up 10% q-o-q and amount to SEK 465m (+~10% vs ABGSCe).Property values +0.2%, avg interest rate down 10 bps q-o-qUnrealised and realised value changes amounted to SEK 21m (0.2% of property value) compared to our estimate of SEK 67m (0.5%) and the average property valuation yield was up 1bp q-o-q to 6.13% (6.12% in Q2). The average interest rate was down by 10 bps q-o-q to 3.9%, the average interest maturity stable at 1.3 years (1.2y in Q2) and the capital maturity was up to 2.5 years (2.3y in Q2). The net LTV (ABGSC definition) came up by 0.9pp q-o-q to 53.8%.Share to trade outperform the sector todayStenhus delivered solid Q3 numbers with an NOI margin improvement of 1.6pp y-o-y, net letting was negative at SEK -2.3m (+2.6m in Q2), and the occupancy rate was up q-o-q to 92.8%. The earnings capacity including projects, divestment and acquisitions was up 10% q-o-q and amount to SEK 465m (+10% vs ABGSCe). Stenhus has announced the divestment of two development properties during the quarter, and one in Q4, which contributes to improving occupancy for the portfolio, and improved cash earnings as these properties were largely vacant. They have also announced an acquisition of SEK 295m at an estimated NIY of ~7%, which should add ~2% to top-line estimates and ~3% on rec. PTP. We expect cons. to raise estimates (rec. PTP) by ~1% on the back of this report isolated, and ~4% on recent transactions, and the share to trade ahead of the sector today.