No dividend in the near future for Sveafastigheter's shareholders

Erik Hävermark.

Image: Sveafastigheter

No dividend in the near future for Sveafastigheter's shareholders

Sweden — The property company Sveafastigheter is to be listed on First North on Friday 18 October, following a sell-off by SBB, which is selling 44 percent of the shares. But the dividend may be delayed.

2024-10-16

CEO of Sveafastigheter, Erik Hävermark, says in an interview with Bloomberg News that the company will grow organically and not through acquisitions. The company has no plans to pay dividends in the near future.

"We believe we can create the best shareholder value by reinvesting the profits in our existing assets and in our development portfolio," he says.

Sveafastigheter is focused on residential properties with 14,500 apartments under management and a further 7,900 apartments in project development or construction. The company aims to start construction of 800 apartments per year.

The subscription price ends up in the range of SEK 39.50 to 45.50 per share, which values the company at between SEK 7.9 to 9.1 billion.

Ida Mikko

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