NEOBONasdaq StockholmReal EstateIFRS · SEK

Neobo Fastigheter

Neobo Fastigheter is a Swedish real estate company specializing in the ownership, management, and refinement of residential properties. The company operates a portfolio of 256 properties across 38 municipalities in Sweden, primarily focusing on residential rental apartments. Neobo is committed to sustainable property management and value creation through strategic renovations and energy optimization. The company aims to maintain high occupancy rates and optimize its property portfolio for long-term growth and stability.

Revenue934m SEK
+2.9 %y/y
Operating profit (EBIT)0.0m SEK
−100.0 %y/y
EBIT margin0.0%
−0.7 ppy/y
Net income78.0m SEK
+140.4 %y/y
Free cash flow161m SEK
+78.9 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2,000-1,00001,000m SEK20212022: 839 m SEK2022: EBIT -1,786 m SEK20222023: 888 m SEK2023: EBIT 54 m SEK20232024: 908 m SEK2024: EBIT 6.0 m SEK20242025: 934 m SEK2025: EBIT 0.00 m SEK20259340.00
RevenueOperating profit (EBIT)

Business

Share of revenue
Residential Properties77 %

Management and leasing of residential apartments.

Commercial and Community Service Properties19 %

Leasing of commercial spaces and community service properties.

Other Services4 %

Includes energy optimization and tenant adaptations.

Customers

Neobo's customer base primarily consists of private individuals renting residential apartments. The company also caters to corporate clients leasing commercial spaces within residential properties, such as stores, restaurants, and offices. Community service properties are leased to entities like the Swedish Prison and Probation Service and Sala Municipality. Neobo's customer-centric approach ensures high occupancy rates and tenant satisfaction, which are crucial for its business model focused on long-term property value enhancement.

Residential Renters

Private individuals renting apartments for living purposes.

Commercial Tenants

Businesses leasing commercial spaces within residential properties.

Community Service Clients

Entities leasing properties for community services.

Strategy

Neobo's strategic priorities include long-term ownership and management of residential properties with stable cash flows. The company focuses on sustainability, integrating energy efficiency and tenant satisfaction into its operations. Neobo aims to optimize its property portfolio through strategic divestments and investments in value-creating initiatives. The company also emphasizes a local management approach to enhance tenant relationships and occupancy rates.

Sustainability IntegrationLong term

To meet stakeholder requirements and future legislation.

Portfolio OptimizationMedium term

To unlock capital for prioritized investments.

Tenant SatisfactionShort term

To maintain high occupancy rates and stable cash flows.

Geography

Neobo operates exclusively in Sweden, managing properties across 38 municipalities. The company's geographic presence is strategically divided into three regions: North, Central, and South, to ensure effective local property management. This regional division supports Neobo's strategy of maintaining high occupancy rates and fostering tenant relationships. The Swedish market provides a stable demand for residential properties, aligning with Neobo's long-term growth objectives.

Risks

Neobo faces risks related to market conditions, including economic downturns and interest rate fluctuations, which can impact property values and rental income. The company's focus on the Swedish market exposes it to regional economic risks. Additionally, sustainability regulations may require further investments in energy efficiency. Neobo's reliance on external financing also poses financial risks, particularly in volatile interest rate environments.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Interest Rate Fluctuations1Economic Downturns2Sustainability Regulations3
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 FluctuationsImpact: HighLikelihood: Low

    Can increase financing costs and affect cash flows.

  2. Economic DownturnsImpact: MediumLikelihood: Low

    May reduce property values and rental income.

  3. Sustainability RegulationsImpact: MediumLikelihood: Low

    Require investments in energy efficiency.

Accounting

Judgemental items
Fair Value Measurement

Affects balance sheet valuations and financial results.

Seasonal Variations

Influence quarterly net operating income.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Neobo Fastigheter (NEOBO) Revenue, Earnings & Financials 2025 – Clarifo