Interest rate and refinancing risk
The company is a net borrower and depends on external funding for property ownership and development.
- Scope
- Property loans and interest-bearing liabilities
- Materiality
- high
HEBA B
Heba is a Swedish property company that owns, develops and manages residential properties and elderly care facilities, mainly in the Stockholm and Mälaren regions. Its portfolio combines long-term rental housing with community service properties that support housing and care needs across different life stages.
0.05
0.02
| % | |
|---|---|
| Residential properties | 70% Rental apartments and housing units for tenants in Heba's portfolio. |
| Community service properties | 25% Properties used for elderly care and other socially important services. |
| Property development | 5% New-build and project development activities that expand the portfolio. |
Heba serves residential tenants who rent apartments in its portfolio, including households seeking stable housing in...
- Residential tenantsprimary
Individuals and households renting apartments in Heba's housing portfolio.
- Elderly care operatorsprimary
Operators of care homes and community service facilities that lease specialized properties.
- Community service tenantssecondary
Organizations using properties for socially important services with long-term occupancy needs.
- Housing seekers in growth areassecondary
Tenants attracted by Stockholm-region locations, low vacancy and access to modern housing.
Heba’s business is concentrated in Sweden, with properties primarily in the Stockholm region and some exposure to the...
- •Primary exposure to the Stockholm region
- •Additional properties in the Mälaren region
- •Operations concentrated in Sweden
- •Location mix supports low vacancy and stable demand
- •Regional focus links performance to Swedish housing markets
Heba’s strategy centers on growing its portfolio through renovations, strategic acquisitions of community service...
01
Portfolio growth in housing and care propertiesmedium-term
Adds scale in markets with durable demand and supports long-term rental income.
02
Digitalized property managementshort-term
Improves coordination, maintenance planning and operational consistency across the portfolio.
03
ESG-led portfolio positioninglong-term
Supports tenant appeal, financing credibility and long-term asset relevance.
Heba’s main risks come from property operations, tenant satisfaction, financing and the condition of its buildings...
Indoor environment and building condition risk
Tenants may be affected by ventilation, moisture, radon, temperature and fire protection deficiencies.
- Scope
- Residential and care properties
- Materiality
- high
Employee recruitment and retention risk
Service quality and property management depend on attracting and keeping skilled staff.
- Scope
- Property management and customer service
- Materiality
- medium
IT and cyber security risk
Digital property systems and real-time data access increase dependence on secure systems.
- Scope
- Operational systems and property data
- Materiality
- medium
Geopolitical and cost inflation risk
Construction, energy and financing costs can be affected by broader macro and geopolitical conditions.
- Scope
- Development and operating costs
- Materiality
- medium
Investment property valuation
Can materially change asset values and profit or loss through valuation movements
Lease accounting for ground leases
Affects liabilities, finance expense and NOI presentation
Interest-bearing debt and derivatives
Affects financing costs, maturity profile and risk sensitivity
Estimates and assumptions
Can affect comparability across periods
: 11/08/2026