Recurring Rental + Development Revenue MixA dual business model combining recurring rental income from leased commercial assets with value creation via project development provides diversified and complementary cash flows. Over 2–6 months this supports resilience: rents stabilize cash generation while development drives medium-term asset growth and upside.
Consistent Positive Free Cash FlowPersistent positive operating and free cash flow, and a meaningful FCF improvement in 2025, indicate strong cash conversion from operations. This durable cash generation supports reinvestment in development, covers distributions, and reduces refinancing risk over the coming months if maintained.
Meaningful Revenue ScaleAn enlarged revenue base demonstrates scale in the Swedish commercial property market, underpinning steady rental income potential and development throughput. Even with uneven growth, a larger scale provides operational leverage, bargaining power with tenants and contractors, and durability in cash flows.