Nasdaq StockholmReal EstateIFRS · SEK

Samhällsbyggnadsbolaget i Norden AB

Samhällsbyggnadsbolaget i Norden AB (SBB), founded in 2016, is a prominent real estate company operating primarily in the Nordic region. It focuses on three main business areas: Community, Residential, and Education properties. SBB is committed to creating sustainable environments and is one of the largest players in social infrastructure in Sweden, Norway, Finland, and Denmark. The company is known for its high occupancy rates and long-term lease contracts, contributing to stable revenue streams.

Revenue1,380m SEK
−24.9 %y/y
Operating profit (EBIT)996m SEK
+169.5 %y/y
EBIT margin72.2%
+150.2 ppy/y
Net income843m SEK
+169.4 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2,00002,0004,0006,0008,000m SEK2020: 5,121 m SEK2020: EBIT 3,479 m SEK20202021: 5,930 m SEK2021: EBIT 4,047 m SEK20212022: 7,447 m SEK2022: EBIT 2,462 m SEK20222024: 1,837 m SEK2024: EBIT -1,434 m SEK20242025: 1,380 m SEK2025: EBIT 996 m SEK2025TTM 2026: 2,779 m SEKTTM2,779
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Community48 %

Properties for social infrastructure like elderly care and public services

Residential42 %

Housing properties for individuals and families

Education10 %

Properties for educational institutions

Customers

SBB serves a diverse range of customers across its three business areas. In the Community segment, clients include municipalities and organizations providing social services. The Residential segment caters to individuals and families seeking housing solutions. Educational institutions, ranging from primary schools to universities, are the primary customers in the Education segment. SBB's customers value the company's commitment to sustainability and long-term lease agreements, which provide stability and predictability.

Municipalities

Lease community properties for social services

Families

Rent residential properties for living

Educational Institutions

Rent properties for schools and universities

Strategy

SBB's strategic priorities include enhancing sustainability across its property portfolio and increasing energy efficiency. The company aims to be the world's most sustainable property company by 2030, with specific targets and a concrete Sustainability Policy in place. SBB is also focused on maintaining high occupancy rates and securing long-term lease contracts to ensure stable revenue streams. Additionally, the company is actively investing in property development projects to expand its portfolio and meet growing demand.

SustainabilityLong term

To become the most sustainable property company

Portfolio ExpansionMedium term

To meet growing demand and enhance revenue

Geography

SBB operates in Sweden, Norway, Finland, and Denmark, regions known for their strong credit ratings and favorable population growth. The company's property portfolio is strategically located in these countries to capitalize on stable economic conditions and demand for social infrastructure. SBB's decentralized management structure allows for efficient operations across these geographies, ensuring close customer interactions and effective property management.

Risks

SBB faces several risks, including market fluctuations in the real estate sector and changes in regulatory environments. The company's exposure to interest rate changes can impact financing costs and profitability. Additionally, SBB's operations in multiple Nordic countries expose it to geopolitical risks and economic variations. Sustainability initiatives, while beneficial, also pose execution risks as they require significant investment and operational changes.

Sorted by severity
Interest Rate ChangesHigh

Affects financing costs and profitability

Regulatory ChangesMedium

Can impact property management and operations

Accounting

Judgemental items
Fair Value Assessments

Impact reported earnings through property valuations

Impact: high

Lease Accounting

Affects recording of lease liabilities and assets

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026