Heba Fastighets AB (publ) B

Heba Fastighets AB (publ) B is the B share class of a Sweden-based real estate company specializing in residential properties. Primarily engaged in the acquisition, management, and operation of rental apartments and community service properties such as elderly care facilities, special-needs housing, and preschools, it focuses on the greater Stockholm area including cities like Lidingö, Huddinge, and Täby. As of December 31, 2024, its portfolio comprises 58 properties totaling 263,400 square meters valued at approximately SEK 14 billion, featuring a mix of mid-20th-century buildings that have been refurbished and newer constructions with excellent energy efficiency at 75 kWh/sqm. The company generates stable rental income in Sweden's regulated housing market, characterized by high demand, low vacancy rates below 0.5%, and geographic concentration in Stockholm's robust market. Heba also pursues limited development through joint ventures for both rental and for-sale apartments, supported by a prudent financial policy targeting portfolio growth to SEK 20 billion and gross loan-to-value below 45%. With 43 employees and a history dating back to 1952, it plays a key role in addressing Stockholm's housing needs while emphasizing sustainability, aiming for climate neutrality by 2045.