# Jefast Borrower II

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/jefastborrowerii).

## Overview

Jefast Borrower II AB (publ) is a Swedish property-owning and property-financing group within the Jefast structure, focused on commercial, residential, and hotel real estate. Its portfolio is centered in Helsingborg and nearby areas in Sweden, with an additional hotel property in Fort Lauderdale, Florida.

## Products & services

• Ownership and development of commercial properties
• Ownership and development of residential properties
• Hotel property ownership and operation
• Property leasing and tenant management
• Real estate financing within the Jefast group

- **Commercial property leasing** (45%) — Rental and management of commercial real estate spaces for business tenants.
- **Residential property leasing** (25%) — Rental and management of apartments and other housing units.
- **Hotel property operations** (20%) — Ownership and operation of hotel real estate and related accommodation use.
- **Property development and asset management** (10%) — Development, improvement, and active management of the property portfolio.

- Ownership and development of commercial properties
- Ownership and development of residential properties
- Hotel property ownership and operation
- Property leasing and tenant management
- Real estate financing within the Jefast group

## Customers

The company serves tenants and users of its real estate portfolio rather than end consumers of manufactured goods. Its customer base includes commercial tenants, residential occupants, and hotel guests, with revenue driven by occupancy, lease terms, and property use.

- **Commercial tenants** (primary) — Businesses leasing premises in the Swedish property portfolio for operations, services, or retail use.
- **Residential tenants** (secondary) — Households renting homes in the group’s residential properties in Sweden.
- **Hotel guests** (secondary) — Short-stay users of the Fort Lauderdale hotel property.
- **Group and related-party property users** (secondary) — Internal or group-linked property usage and financing relationships within the Jefast structure.

- Commercial tenants leasing office or other business premises
- Residential tenants renting apartments or housing units
- Hotel guests using the Fort Lauderdale property
- Local businesses and organizations needing space in Helsingborg area
- Tenants renewing or renegotiating leases over time

## Geography

The business is anchored in Helsingborg and nearby areas in southern Sweden, where most of the property portfolio is located. It also owns a hotel property in Fort Lauderdale, Florida, giving the group exposure to both Swedish and U.S. real estate markets.

- **Sweden** (80%) — Estimated from the stated core portfolio location in Helsingborg and nearby areas.
- **United States** (20%) — Estimated from the hotel property in Fort Lauderdale, Florida.

- Helsingborg and surrounding areas are the core operating market
- Sweden is the main source of property income and asset value
- Fort Lauderdale, Florida adds U.S. hotel exposure
- Local geography matters because leasing demand is highly location-specific
- Cross-border ownership creates different market and regulatory exposures

## Strategy

The group’s strategy is centered on managing and developing its property portfolio, maintaining tenant occupancy, and preserving asset value across its Swedish and U.S. holdings. Lease renewals, property appraisals, and active asset management are important because they support rental income and the long-term value of the portfolio.

- **Tenant retention and lease renewal** (short-term) — Rental income depends on occupancy and stable tenant relationships.
- **Portfolio value preservation** (medium-term) — Property values underpin financing capacity and balance-sheet strength.
- **Geographic diversification within real estate** (medium-term) — A U.S. hotel asset adds a different market and tenant mix to the Swedish base.

- Manage and develop the property portfolio in Helsingborg and nearby areas
- Maintain tenant relationships and renew leases to support occupancy
- Preserve and enhance property values through active asset management
- Use property appraisals to support financing and covenant monitoring
- Balance Swedish real estate exposure with the U.S. hotel asset

## Risks

The business is exposed to tenant concentration, property valuation changes, and refinancing or leverage sensitivity because rental income and asset values support the financing structure. Real estate and hotel operations also carry market, occupancy, and appraisal risk, while cross-border ownership adds exposure to different legal and operating environments.

- **Tenant concentration** [high] — A large tenant can materially affect rental income if terms change or vacancy occurs.
- **Property valuation risk** [high] — Reported property value and loan-to-value metrics depend on appraisal assumptions and market pricing.
- **Leverage and refinancing risk** [high] — The group’s financing structure is sensitive to changes in asset value and interest costs.
- **Hotel demand volatility** [medium] — Hotel income depends on travel demand, occupancy, and pricing conditions.

- Large-tenant exposure can affect rental income if a lease is renegotiated
- Property values can move with local market conditions and appraisals
- Leverage is sensitive to changes in asset value and cash flow
- Hotel operations face occupancy and travel-demand volatility
- Sweden and U.S. exposure creates different regulatory and market risks

## Accounting

Key accounting judgments are centered on fair value and use value assessments for investment properties, since these directly affect reported asset values and leverage ratios. Rental income recognition, depreciation, and any transaction or financing-related adjustments also matter because they influence operating profit and comparability across periods.

- **Investment property valuation** — Changes in valuation can alter net loan-to-value and reported equity.
- **Rental income recognition** — Affects quarterly revenue comparability.
- **Depreciation and transaction costs** — Can materially change reported operating profit versus adjusted measures.

- Fair value and use value appraisals affect reported property values
- Loan-to-value calculations depend on valuation assumptions
- Rental income timing affects quarterly comparability
- Depreciation and transaction costs influence operating profit
- Financing-related adjustments can affect covenant-style metrics

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*Last updated: 2026-08-11T04:04:53.602203+00:00*