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Wihlborgs Fastigheter AB (publ)

Real Estate
WIHL.ST: 

Research by MICKE

    • 80.00 +8.55% ()
    • 110.10 +49.39% (18/10/2023)
    • SHORT-LIST 

  • A very well managed real estate company with focus on south of Sweden (Malmö, Lund, Helsingborg) and Copenhagen. As most (all?) real estate companies they have significant borrowings and with market rates rising it seems hard to make a reasonable profit in this sector this year (2023).

  • Financial (2)

    • Rental income increases with inflation, as contracted rents are typically adjusted with inflation. Wihlborgs also works with its portfolio to upgrade existing buildings and build new, based on customer demad.

      29/08/2023 by MICKE｜
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    • They have borrowings of about 27 billion SEK, should the average interest rate increase with 3% (which I think could be a likely scenario) this would give additional costs of 810 million SEK per year. The operational result 2022 was 2.2 billion, thus a all other same (which it isn't) the result would be 1,39 billion SEK.

      09/05/2023 by MICKE｜
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