Fabege’s Q4/24 figures led to a flattish reaction as the share closed the day of the report with a +0.2% development. Net letting disappointed yet again and overall, 2024 is a year best forgotten. With this said, yields have stabilized and the return of positive revaluations in 2025/2026 will help see NAV-growth return. We believe that the equity market is underestimating the rebound of the office rental market in Stockholm in 2025 as well as Fabege’s potential to deliver strong net letting figu ....
