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
    }
  }
}


studentbostader-i-norden-both-top-line-and-ifpm-above-expectations-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Studentbostäder i Norden operates in the real estate industry. The company is a lessor and manager of student housing. The main focus is on the development of student housing in its own administration. Studenbostäder i Norden operates on the Nordic market. The company was originally established in 2009 and previously went by the name Prime Living. The head office is located in Uppsala. 

Studentbostäder i Norden

NOI of SEK 39m vs ABGSCe at SEK 42mProperty value changes of SEK 33m – in line vs ABGSCeNet LTV of 60.9% (62.9% in Q1’22)First take on Q2 resultsStudentbostäder delivered a Q2 report with total...

NOI of SEK 39m vs ABGSCe at SEK 42mProperty value changes of SEK 33m – in line vs ABGSCeNet LTV of 60.9% (62.9% in Q1’22) First take on Q2 resultsStudentbostäder delivered a Q2 report with total income of SEK 66m (+2% vs ABGSCe at SEK 65m) with a lower-than-expected NOI margin of 58.8% (ABGSCe at 64.0%), leading to a NOI of SEK 39m (ABGSCe at SEK 42m). Central administration costs include a negative one-off of SEK 1.7m while net financial expenses were SEK -21m vs ABGSCe at SEK -24m. This brings IFPM to SEK 8m (ABGSCe at SEK 8m) and SEK 10m adj. for the one-off. The number of apartments in the project portfolio of 2,903 units were down somewhat vs. 2,961 units in Q1’22. Property value changes was in line with expectations while CEPS was somewhat below, driving EPRA NRV -1% vs ABGSCe. Conclusion: solid topline (+2% vs ABGSCe) while NOI margin (-5.2 pp vs ABGSCe) was a bit soft; we expect consensus NOI estimates for 2022 to come down by ~3-4% and the share should underperform the real estate sector today. EPRA NRV growth of 13% y-o-yQ2 property value changes amounted to SEK 33m (0.5% of property value) compared to our estimate of SEK 33m (0.5%). EPRA NRV grew 13% y-o-y and 2.3% q-o-q. The average valuation yield amounted to 3.99%, down by 4 bps q-o-q from 4.03% in Q1’22 (4.06% in Q4’21). Approximately SEK 40m of the value changes stem from projects, i.e. ~SEK -6m from investment properties. The net LTV amounted to 60.9%, down 2.0 pp q-o-q, while 5.4 pp lower than our estimate of 66.4%, driven by a later-than-expected closed acquisition. Post Q2, SBS has announced a direct share issue of SEK 125m at SEK 5.01 per share, equivalent to a discount to Q2 EPRA NRV of ~55%. High beta in sector headwindsStudentbostäder is a relatively small and fast-growing student housing niche player. SBS has a higher share of projects than our sector average, and higher gearing. In an environment of skyrocketing development costs due to inflation, and increased interest rate expectat...Läs mer på ABG Sundal Collier