Hello!
Today we published an Equity Brief on SLP based on the company’s Q1 report, see here: SLP: Aktiebrief Q1'26 - Inderes
During the first quarter, SLP’s income from property management per share increased by approximately 20% compared to Q1’25. This development was primarily driven by growth in the property portfolio, net operating income-enhancing property development, and continued low central administration costs. The occupancy rate for the first quarter was 95.6% - a decrease of 1.4 percentage points compared to the previous year. The slightly lower occupancy rate is due to a vacancy in a property that the company acquired during the period. The company considers it likely that the favorable market conditions for logistics properties will persist going forward, largely driven by trends such as increased inventory holding, nearshoring of production, and a focus on robust supply chains. These trends are expected to be further strengthened by the current geopolitically unstable situation in the world.