Neobo Fastigheter AB (publ): Interim report J...

(LSE/AIM:0XCY) Neobo Fastigheter AB (publ) reported that rental income increased to SEK 469 m (466) for January–June 2026, with a 3.8 percent increase in the like-for-like portfolio. Net operating income fell to SEK 244 m (260) due to divested properties and a colder first quarter, while profit from property management decreased to SEK 87 m (102). The property portfolio’s value at the end of the period increased to SEK 13,601 m (13,562), and the net asset value rose to SEK 48.02 per share (47.19). Two loan agreements totaling SEK 1.2 billion were extended during the quarter, both at lower margins than the average margin for Neobo’s loan portfolio. During the quarter, 645,000 own shares were repurchased for SEK 11 m, and in total, Neobo now holds approximately 5.8 million shares, corresponding to 4 percent of the total number of registered shares. The Prästkragen 5 property in Helsingborg was divested at an underlying property value of SEK 27.5 m, and the Örnholmen 3 and 4 leasehold properties in Vårberg were divested at SEK 104 m, which was 18 percent above book value as of March 31, 2026. The company projects that these transactions will release capital for investments with higher returns, aiming to increase net asset value and earnings per share.