FPAR-DNasdaq StockholmReal EstateIFRS · SEK

Fastpartner D

Fastpartner AB is a Swedish listed property company that owns, manages, and develops commercial real estate. Its portfolio is concentrated in Sweden’s largest population centers, with a particular focus on the Stockholm region and nearby growth areas.

Revenue2,271m SEK
−1.0 %y/y
Net income687m SEK
+6.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2,00002,0004,0006,000m SEK2021: 1,856 m SEK2021: EBIT 4,289 m SEK20212022: 1,998 m SEK2022: EBIT 481 m SEK20222023: 2,209 m SEK2023: EBIT -934 m SEK20232024: 2,293 m SEK2024: EBIT 1,696 m SEK20242025: 2,271 m SEK20252,271
RevenueOperating profit (EBIT)

Business

Share of revenue
Property ownership and management70 %

Long-term ownership, operation, maintenance and administration of income-producing real estate.

Rental income from commercial premises20 %

Leasing of offices, logistics, warehouse, industrial, retail and service premises.

Property development and tenant improvements7 %

Reconfigurations, upgrades and build-outs tailored to tenant requirements.

Property transactions and disposals3 %

Acquisition and sale of properties as part of portfolio management.

Customers

Fastpartner’s tenants are mainly businesses and public-sector organizations that need commercial premises in well-connected urban locations. The company serves a mix of office users, logistics and industrial operators, retailers, and public or community-oriented tenants such as healthcare and education providers.

Office tenants

Companies and organizations leasing office space in Stockholm, Uppsala, Gävle and other urban markets for accessibility and talent access.

Logistics, warehouse and industrial tenants

Operators leasing functional premises near transport corridors for distribution, storage and production.

Public-sector tenants

Municipalities, regions and government-related users leasing adapted premises for healthcare, administration and services.

Retail and service tenants

Shops, restaurants and local service providers leasing premises in mixed-use and high-footfall areas.

Education and community tenants

Schools, training and community organizations leasing premises suited to social infrastructure uses.

Strategy

Fastpartner’s strategy is to own and develop properties in Sweden’s largest population centers, where demand is supported by dense labor markets, infrastructure and tenant depth. The company emphasizes long-term ownership, active asset management, and tenant adaptation to support occupancy and rental growth over time.

Concentrate on urban growth marketsMedium term

Dense, growing regions support tenant demand, liquidity and long-term asset value.

Active leasing and tenant customizationShort term

Tailored premises help secure tenants and extend lease relationships.

Portfolio diversification across property typesMedium term

Mixing office, logistics, industrial, retail and social infrastructure reduces concentration risk.

Long-term ownership with sustainability focusLong term

Energy, resource efficiency and social sustainability support tenant appeal and asset resilience.

Geography

Fastpartner’s portfolio is concentrated in Sweden, especially the Stockholm region and the surrounding Mälaren area. The company also has properties in other Swedish cities, including Gävle, Uppsala, Norrköping and Söderhamn, which broadens its tenant base while keeping the business anchored in urban growth markets.

Risks

Fastpartner’s main risks come from property-market cycles, interest rates, financing access and valuation changes in its real estate portfolio. Because the business is concentrated in Swedish commercial property, occupancy, rent renegotiations and local market conditions can materially affect cash flow and asset values.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Interest-rate and financing risk1Liquidity and refinancing access2Regional concentration risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Interest-rate and financing riskImpact: HighLikelihood: Low

    Higher rates raise funding costs and can pressure investment economics.

    Exposure: Debt refinancing and new borrowing

  2. Liquidity and refinancing accessImpact: HighLikelihood: Low

    The company relies on capital markets and bank funding for ongoing operations and maturities.

    Exposure: Bond and loan refinancing

  3. Property valuation volatilityImpact: High

    Fair values depend on yield assumptions, vacancies and market sentiment.

    Exposure: Commercial real estate portfolio in Swedish growth markets

  4. Regional concentration riskImpact: MediumLikelihood: Low

    A large share of value is tied to Stockholm and nearby markets.

    Exposure: Stockholm region and Mälaren area

  5. Vacancy and tenant retention riskImpact: Medium

    Lower occupancy reduces rental income and can require incentives or capex.

    ExposureOfficeLogisticsMixed-use properties

Accounting

Judgemental items
Fair value of investment properties

Property valuations use discounted cash flow and yield assumptions that can materially change reported earnings.

Impact: Unrealized value changes and balance sheet asset values

Lease income recognition

Rental income depends on contract terms, incentives and lease timing.

Impact: Revenue recognition and comparability across periods

Capitalization of tenant improvements

Build-outs and upgrades may be capitalized if they extend economic benefit.

Impact: Depreciation, asset values and operating expense timing

Estimates and assumptions under IFRS

Management judgment affects valuations, useful lives and impairment-related assessments.

Impact: Reported profit, equity and leverage metrics

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Fastpartner D (FPAR-D) Revenue, Earnings & Financials 2025 – Clarifo