# Neobo Properties Reports SEK 704 Million Rental Income and Plans SEK 100 Million Buyback > Neobo Properties reported SEK 704 million in rental income for January-September 2026 and announced a new SEK 100 million share repurchase program. - Published: 2026-10-21T05:33:34+00:00 - Section: Earnings & Results - Author: News Desk - URL: https://newsforagent.com/news/2026-10-21/neobo-properties-interim-report-buyback - Source: [TradingView](https://www.tradingview.com/news/modular_finance:af6461b4ba9bf:0-neobo-fastigheter-ab-publ-interim-report-january-september-2026/) ## Key takeaways - Neobo Properties reported rental income of SEK 704 million for January-September 2026, with like-for-like rental income up 3.0 percent. - The company divested all properties in Skara, Skövde and Mariestad at an underlying property value of SEK 480 million, with closing set for November. - The Board of Directors intends to launch a new share repurchase program of up to SEK 100 million once the current SEK 50 million program is completed. [Neobo Properties](https://akta.pro/company-profiles/000zte7/neobo-properties) reported rental income of SEK 704 million for January-September 2026, up 3.0 percent for the like-for-like portfolio, while net profit fell to SEK 48 million. The interim report was published by [TradingView](https://www.tradingview.com/news/modular_finance:af6461b4ba9bf:0-neobo-fastigheter-ab-publ-interim-report-january-september-2026/) on October 21, 2026. ## Neobo Properties Divests Skaraborg Portfolio Neobo Properties is a Swedish residential property company that owns, manages and refines approximately 8,100-8,300 rental apartments across 255 properties in Swedish growth municipalities, according to akta.pro [company records](https://akta.pro/company-data). In September, the company divested all properties in Skara, Skövde and Mariestad at an underlying property value of SEK 480 million, which was 16 percent below the book value as at June 30, 2026. Closing will take place in November. The company also divested the commercial property Vikingen 13 in Helsingborg for SEK 25.4 million, with closing in October. Net operating income fell to SEK 386 million from SEK 395 million, which the company attributed to the absence of net operating income from divested properties and a colder, snowier first quarter compared with the preceding year. Profit from property management decreased to SEK 156 million from SEK 161 million. Profit from property management per share outstanding on the balance sheet date increased to SEK 1.13 from SEK 1.11, due primarily to completed share repurchases. The property portfolio's value at the end of the period increased to SEK 13,564 million from SEK 13,562 million, and the change in value of the properties amounted to SEK -131 million for the period. The net asset value increased to SEK 48.16 per share from SEK 47.19. "Our focused leasing efforts continue to deliver results, with residential vacancy decreasing significantly during the quarter to 4.4 percent, the lowest level reported by Neobo to date," CEO Ylva Sarby Westman said. ## Neobo Properties Buyback and Refinancing According to company records, Neobo Properties restructured its capital return policy in February 2026 by adjusting the dividend framework to grant the board increased flexibility and launching successive share repurchase programs, with SEK 50 million authorizations in October 2025, February 2026 and May 2026. Under the early-2026 program, 2,705,737 shares were repurchased. During the third quarter, 1.7 million own shares were repurchased at a value of SEK 31.3 million. Following the cancellation of 5.2 million shares in July, Neobo holds approximately 2.3 million shares, corresponding to 1.6 percent of the total number of registered shares. After the end of the quarter, a loan of SEK 1.1 billion was refinanced at a credit margin that falls below the average margin in the loan portfolio. ## Neobo Properties' Recent Divestments In July 2026, Neobo Properties divested the leasehold properties Örnholmen 3 and 4 in Vårberg, Stockholm, at an underlying property value of SEK 104 million, 18 percent above book value, with closing in October 2026, according to company records. In June 2026, the company divested the property Prästkragen 5 in Helsingborg at an underlying property value of SEK 27.5 million, 3 percent above book value, with closing in September 2026. ## Neobo Properties' Next Steps The divestment of the Skaraborg properties is scheduled to close in November. The Board of Directors intends to launch a new share repurchase program of up to SEK 100 million through the 2027 Annual General Meeting, once the current SEK 50 million repurchase program has been completed. ## Companies in this story - [Neobo Properties company profile](https://akta.pro/company-profiles/000zte7/neobo-properties) · website: https://www.neobo.se --- News for Agent · https://newsforagent.com/llms.txt