Strong Gross Margin (~69%)A sustained gross margin near 69% indicates durable pricing power and cost control in property operations and development. High gross profitability supports reinvestment in assets and cushions operating variances, aiding long-term cash generation and portfolio value retention.
Consistent Positive Cash GenerationPositive operating cash flow and a 65% rebound in free cash flow in 2025 show strong cash conversion and liquidity creation from core real estate activities. Reliable FCF supports debt servicing, development funding, and strategic investment without depending solely on equity issuance.
Focused Stockholm Commercial Property FranchiseConcentration on Stockholm office and mixed‑use markets provides a structural competitive advantage through local market expertise, relationships with municipalities, and targeted urban development projects. This focus enables better asset rotation and tenant alignment over multi-year cycles.