Samhällsbyggnadsbo. i Norden

Corporate Details

ISIN(s):

SE0009554454 (+3 more)

LEI:

5493002M6S7SO7B6IZ86

Country:

Sweden

Address:

C/O Newsec Property Asset Management. AB, 404 29 Göteborg

Website:

https://sbbnorden.se/en/

Sector:

Real estate activities

Industry:

Real estate activities with own or leased property

Description

SBB operates in markets with stable and strong underlying driving forces (economic development and population growth). SBB’s property portfolio is characterized by a high occupancy rate and long lease contracts. Rental income consists of secure, long-term flows, primarily from Nordic central governments/ municipalities/county councils and from Swedish rent-regulated residentials. Of the company’s income, 98 percent derives from community service properties in the Nordics and Swedish rent-regulated residentials – social infrastructure. Cash flows are uniquely stable with three of the Nordic central governments being among only ten sovereigns around the world to hold an AAA rating from the three leading credit rating agencies. As a whole, the property portfolio provides exposure to the Nordics’ strong demographic trend, with a sharp increase in population compared with the rest of the EU.