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Pandox AB ( ($SE:PNDX.B) ) has shared an update.
Pandox AB closed 2025 with solid operational growth and a transformative acquisition, underscoring its strategy of expanding its hotel property portfolio in Europe. In the fourth quarter, revenue from leases rose 22% and net operating income from both leases and own operations increased strongly, while headline EBITDA dipped slightly due to substantial transaction and financing costs tied to the acquisition of Dalata Hotel Group plc; adjusted for these one-offs, EBITDA and cash earnings showed robust double-digit growth. For the full year, total revenue and net operating income increased, profit nearly doubled to SEK 3.2 billion driven in part by an acquisition gain of SEK 1.6 billion from Dalata, and EPRA NRV per share grew 7.3% adjusted for dividends, with the property portfolio’s market value climbing 20%. The Dalata deal, which adds 31 investment properties in Ireland and the UK and is reported as if the related hotel operating platform divestment to Scandic were already completed, significantly boosts net asset value and reinforces Pandox’s position in the European hotel real estate market, albeit at the cost of higher leverage, with loan-to-value rising to 52.7% and net debt/EBITDA to 11.8x. The board proposes a higher dividend of SEK 4.50 per share, and management notes that exposure to the financially distressed Revo Hospitality Group in Germany is expected to have only a limited impact, signalling confidence in cash flows despite a slightly weaker interest coverage ratio of 2.6x.
The most recent analyst rating on ($SE:PNDX.B) stock is a Hold with a SEK201.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.
More about Pandox AB
Pandox AB is a hotel property company that owns and leases hotel real estate, combining lease-based income with revenue from its own hotel operations. Its portfolio spans investment properties across key European markets, including Ireland, the UK and Germany, with a focus on income-generating hotel assets and long-term partnerships with established operators.
Average Trading Volume: 140,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK37.36B
For an in-depth examination of PNDX.B stock, go to TipRanks’ Overview page.