Svenska fastighetsbolags prestation i perioder av ekonomisk osäkerhet En kvantitativ jämförelse av kommersiella och icke-kommersiella fastighetsbolag av olika åldrar

Abstract

The purpose of the report is to describe how interest rates have affected real estate companies in recent years and if the effects vary depending on the founding year of the company (before or after 1994) or the type of properties they manage (residential, commercial and community properties). The research questions were addressed through a quantitative approach, focusing on key metrics such as profit margin, EBITDA margin, rental income, financial net, vacancy rate, loan-to-value ratio, and solidity. The results indicated that the profit margin and EBITDA margin for real estate companies have generally decreased since 2022. Rental income has increased more for new companies than for older ones since 2018, but the new companies have experienced greater variation and a decline since the beginning of 2022. Despite younger companies having been shown to be more risk-prone and having a higher loan-to-value ratio than older companies, they exhibited a smaller increase in financial costs than the older ones. In summary, there is no strong correlation between age or property type and the financial performance of companies. One explanation for this could be that factors such as contract length and type of loan have had a greater impact.