Affärsvärlden gives a buy recommendation for the property company NP3 in an analysis on Friday.
NP3 specializes in high-yielding properties in northern Sweden. The company has had the wind at its back over the past two years and grown significantly through new acquisitions. This, however, has partly been aided by falling interest rates, which have now surged again. The company’s profitable project operations are, however, an additional growth driver that expands the company year by year.
“The company gives a well-managed impression as a specialist in its geographic market. And the profitable projects are an additional engine that makes it likely that the company can continue to grow its net asset value by around 8 percent annually, while the share offers a dividend yield of around 3 percent on top of this. In an optimistic scenario in which interest rates fall back, the upside begins to look very attractive,” writes Affärsvärlden, giving a buy recommendation.
