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Swedish REIT that owns commercial, industrial and logistics properties concentrated in northern Sweden.
Swedish REIT that owns commercial, industrial and logistics properties concentrated in northern Sweden.
Collects rent under leases that are typically linked to inflation, and keeps growing the portfolio by buying and developing industrial and logistics buildings in northern Swedish cities. It is based in Sundsvall.
In one line: A regional industrial/commercial REIT focused on an underserved geography.
Moat: narrow (installed base, scale). Strong regional position in northern Sweden's growing industrial/mining/green-energy investment corridor with less competition.
Headquarters: Sundsvall, Sweden · Founded: 2010 · Employees: 72
Size NP3 Fastigheter (NP3.ST) is a Sweden Real Estate company (Real Estate Development) with a market value of $1.45B, the 107th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 230.50 on 6 Nov 2026.
Performance Over six months the shares fell 14.2%, against -15.0% for the median peer and +8.2% for the Sweden market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +2.0%); the operating margin is 72.1% (peer median 12.7%).
Valuation It trades at 1.23× book value against a peer median of 1.03× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 12.7%; NP3 Fastigheter delivers 15.5%, so the price asks less than the business earns today.
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 2.45B | SEK 2.27B | SEK 1.99B | SEK 1.80B | SEK 1.55B |
| Revenue growth | — | +14% | +11% | +16% | — |
| Gross profit | SEK 1.87B | SEK 1.73B | SEK 1.51B | SEK 1.35B | SEK 1.15B |
| EBITDA | n/a | SEK 1.64B | SEK 1.43B | SEK 1.28B | SEK 1.08B |
| Net income | SEK 1.70B | SEK 1.28B | SEK 914M | -SEK 62.0M | SEK 1.22B |
| Free cash flow | SEK 1.30B | SEK 1.03B | SEK 864M | SEK 563M | SEK 723M |
| Capital expenditure | SEK 0 | SEK 0 | SEK 0 | SEK 0 | SEK 0 |
| Total debt | SEK 16.2B | SEK 14.2B | SEK 12.7B | SEK 12.1B | SEK 12.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| NP3 Fastigheter NP3.ST | $1.45B | -14% | +11% | 15% | 1.23× | 12.7% |
| Catena CATE.ST | $2.61B | -11% | +17% | 9% | 0.91× | 8.1% |
| Wihlborgs Fastigheter WIHL.ST | $2.28B | -14% | +7% | 10% | 0.89× | 7.5% |
| Castellum CAST.ST | $5.94B | +10% | -3% | 4% | 0.91× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NP3.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.0% | -0.9% | 3rd highest of 21 |
| 6-month return | -14.2% | -15.0% | 11th highest of 21 |
| Return on equity | 15.5% | 5.0% | 3rd highest of 21 |
| Price / book | 1.23× | 1.03× | 8th most expensive of 21 |
| ROE the price implies | 12.7% | 6.8% | 7th most demanding of 19 |
| ROE delivered | 15.5% | 5.0% | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| NP3 Fastigheter NP3.ST | Sweden | $1.45B | -14% | +11% | 15% | 1.23× | 12.7% | 15.5% |
| Intea Fastigheter INTEA-B.ST | Sweden | $1.45B | -11% | +28% | 14% | 2.89× | 17.0% | 14.4% |
| Atrium Ljungberg ATRLJ-B.ST | Sweden | $1.45B | -24% | +8% | 2% | 0.49× | 5.3% | 2.1% |
| Sobha SOBHA.NS | India | $1.44B | -12% | +10% | 4% | 2.88× | 42.0% | 4.1% |
| Grand City Properties GYC.DE | Germany | $1.42B | -19% | +2% | 10% | 0.33× | 4.5% | 9.9% |
| Shenzhen Heungkong 600162.SS | China | $1.48B | +63% | -25% | -2% | 1.76× | 14.5% | -1.6% |
| China Overseas Property 2669.HK | Hong Kong | $1.41B | -17% | +11% | 22% | 1.53× | 16.9% | 21.8% |
| Deutsche EuroShop DEQ.DE | Germany | $1.40B | -16% | +2% | 12% | 0.66× | 4.0% | 11.9% |
| GreatTown 600094.SS | China | $1.51B | -2% | -36% | -1% | 1.05× | 8.4% | -1.5% |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 1% | 1.09× | n/a | 1.0% |
| Grandjoy 000031.SZ | China | $1.38B | -30% | -25% | -30% | 0.96× | 9.7% | -29.6% |
| Shanghai Chengtou 600649.SS | China | $1.38B | -14% | -53% | -1% | 0.44× | 4.7% | -0.8% |
| Evergrande Property Services 6666.HK | Hong Kong | $1.37B | -34% | +9% | 64% | 4.37× | 33.7% | 64.3% |
| Shanghai Jinqiao Export Processing Zone Development 600639.SS | China | $1.37B | -10% | +203% | 6% | 0.70× | 2.9% | 6.3% |
| Zug Estates ZUGN.SW | Switzerland | $1.37B | -2% | +1% | 6% | 1.01× | n/a | 5.9% |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -197% | 1.48× | 28.0% | -196.9% |
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 6% | 0.81× | 7.2% | 5.9% |
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 1% | 0.19× | 6.3% | 0.7% |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | 1.12× | 5.7% | 14.0% |
| Yuexiu Property 0123.HK | Hong Kong | $1.55B | -30% | -21% | -2% | 0.19× | 4.7% | -2.1% |
| Castellana Properties Socimi YCPS.MC | Spain | $1.57B | -4% | +59% | 15% | 1.24× | 6.3% | 14.9% |