Neobo Properties

What Neobo Properties does

Neobo Fastigheter AB (publ), trading as Neobo and listed on Nasdaq Stockholm under ticker NEOBO (ISIN SE0005034550), is a Sweden-domiciled residential property company that owns, manages, and refines rental apartments in Swedish municipalities with population growth. The company was created in December 2022 when Samhällsbyggnadsbolaget i Norden AB (SBB) spun off its residential portfolio into a new entity, originally Amasten Fastighets AB (publ), which was subsequently renamed Neobo. The portfolio comprises 255 properties with approximately 8,100-8,300 apartments and 672,000 sqm of lettable area, supplemented by a smaller commercial premises book (e.g., a six-year, ~3,400 sqm lease with Kriminalvården at Träkolet 16 in Sollentuna at SEK 9.8m annual rent). Reported 2025 rental income reached 934 mkr SEK, with operating net of 513 mkr (+8.5% YoY) and property management result up 31.8% in Q1-Q3 2025.

Name

Neobo Properties

Legal name

Neobo Fastigheter AB (publ)

Website

https://neobo.se

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Neobo Fastigheter AB (publ) is a Swedish publicly listed residential property company that owns, manages, and refines approximately 8,100-8,300 rental apartments across 255 properties in Swedish growth municipalities, generating SEK 934m of rental income in 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Rental Income: Neobo generates the majority of its revenue through rental income from approximately 8,000+ residential apartments across Sweden. Rents are typically charged on a monthly basis to tenants, with increases implemented annually based on market conditions and negotiations. The company reported rental income of 934 mkr for 2025.
2. Commercial Rental Income: Neobo leases commercial premises (lokaler) including retail spaces, offices, and specialized facilities such as the six-year lease with Kriminalvården (Swedish Prison and Probation Service) for approximately 3,400 sqm at Träkolet 16 in Sollentuna with an annual base rent of 9.8 mkr. Commercial tenants represent a secondary revenue stream from the property portfolio.
3. Property Divestments: Neobo generates additional income through strategic property sales as part of portfolio optimization. Recent transactions include the sale of Örnholmen 3 and 4 in Vårberg for 104 mkr (18% above book value) and Prästkragen 5 in Helsingborg for 27.5 mkr (3% above book value). These are one-time transaction-based revenues used to optimize the portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Neobo owns, manages, and refines a portfolio of approximately 8,100-8,300 residential rental apartments across 255 properties and 672,000 sqm of lettable area in Swedish municipalities with population growth. The company also leases commercial premises and parking spaces, and offers the Boendeappen tenant app for fault reporting and tenant communication. Revenue is generated primarily through monthly rental income (934 mkr in 2025) and strategic property divestments.

Product overview

Neobo Properties is a Swedish real estate company that manages and refines residential rental properties across Sweden. The company's core offering consists of residential apartments (lägenheter), commercial premises (lokaler), and parking lots (parkeringsplatser) located in Swedish municipalities with population growth and good rental demand. Neobo manages approximately 8,100-8,300 apartments across 255 properties totaling 672,000 square meters. The company also provides a digital tenant platform called Boendeappen (Resident App) that enables tenants to report faults, access information, and communicate with property management. Neobo's portfolio optimization strategy involves divesting lower-yielding properties while acquiring properties in markets with stronger demand.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Apartments (Lägenheter) Rental apartments across Sweden in municipalities with population growth and strong rental demand. Portfolio comprises approximately 8,100-8,300 apartments. Rent varies by property, size, and location; applications via housing queue.
• Commercial Premises (Lokaler) Commercial spaces for retail, office, and institutional use within Neobo's residential-focused portfolio. Direct leasing to businesses and institutions.
• Parking Lots (Parkeringsplatser) Parking spaces available for rent in conjunction with Neobo's residential and commercial properties.
• Boendeappen (Resident App) Digital tenant portal application for reporting maintenance issues, accessing property information, making payments, and communicating with Neobo property management.

Quantifiable outcome

• Rental income increased to 934 mkr in 2025 (from 908 mkr in 2024)
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor.

• Liljebo FastigheterminorOthers · 1 July 2026Liljebo Fastigheter acquired leasehold properties Örnholmen 3 and 4 in Vårberg, Stockholm from Neobo at an underlying property value of 104 mkr. Following the acquisition, Liljebo manages nearly 400 apartments concentrated in Vårberg. Neobo no longer owns any properties in Vårberg after this transaction.
• Private Real Estate Owner (Helsingborg)minorOthers · 24 June 2026A private real estate owner in Helsingborg acquired property Prästkragen 5 from Neobo at an underlying property value of 27.5 mkr (3% above book value). The property has 10 apartments with a lettable area of 900 sqm. Closing takes place in September 2026.
• KarlskogahemminorOthers · 30 September 2025Karlskogahem acquired the commercial property Rapphönan 16 in Karlskoga from Neobo at an underlying property value of 9 mkr. The property has a lettable area of 1,690 sqm with only 34 sqm rented at the time of sale.
• Kriminalvården (Swedish Prison and Probation Service)minorOthers · 16 September 2024Neobo entered into a six-year lease agreement with Kriminalvården for approximately 3,400 sqm of office space at the Träkolet 16 property in Sollentuna. The premises house the Probation Services (Frivården) with an annual base rent of 9.8 mkr. This represents a long-term commercial tenant relationship.
• Lantmännen Handelsfastigheter ABminorOthers · 1 July 2024Lantmännen Handelsfastigheter AB acquired the commercial property Tegelbruket 4 in Falun from Neobo at an underlying property value of 75 mkr (18% above the latest external valuation). The property has a lettable area of 8,146 sqm with Willys as the largest tenant. Neobo exited the Falun market through this transaction.

Scale indicators8 records

Recent moves19 records

Expansion highlights5 records

Direct peers

• Heimstaden: Heimstaden is the largest residential property owner in Sweden and the Nordics, directly competing with Neobo in Swedish municipalities. Both operate long-term residential rental portfolios targeting similar tenant segments, with comparable lease administration and tenant-service models.
• Wallenstam: Wallenstam is a Nasdaq Stockholm-listed Swedish property company owning and managing residential and commercial properties in Stockholm, Gothenburg, and Uppsala. The residential segment and tenant-services model closely mirror Neobo's core operations.
• Akelius Residential Property: Akelius owns and manages a large residential portfolio concentrated in Stockholm and other Swedish cities. The business model — owning, managing, and refining residential apartments with long-term leases — is closely aligned with Neobo's approach.
• Rikshem: Rikshem is one of Sweden's largest private residential property owners, directly comparable to Neobo in business model, tenant base, and focus on long-term residential rental in Swedish growth municipalities. Ali Ali, Neobo's Transaction Manager, joined from Rikshem.
• HEBA Fastigheter: HEBA is a Stockholm-focused residential property company listed on Nasdaq Stockholm, owning and managing residential apartments. Closely comparable in scale, residential focus, and Swedish growth-market orientation to Neobo.
• Stena Fastigheter: Stena Fastigheter is a major Swedish residential property owner and manager with a portfolio of tens of thousands of apartments across growth municipalities. Direct competitor for residential tenants and in acquisition markets.
• HSB Sverige: HSB is one of Sweden's largest residential housing organizations, owning and managing apartments across Swedish municipalities. Comparable as a long-term residential landlord with similar geographic breadth and tenant-service orientation.

Broad incumbents

• Castellum: Castellum is one of Sweden's largest listed commercial and mixed-use property companies. CEO Ylva Sarby Westman previously served as Castellum's Vice CEO/CFO. Comparable as a large Swedish property operator with similar governance and capital markets profile, though more commercial-focused.

Emerging players

• Sveafastigheter: Sveafastigheter is a Swedish residential-focused property investor operating in growing municipalities. Comparable as a residential landlord pursuing portfolio growth in similar Swedish markets, though typically a more transaction-driven investor.

Regional players

• Diös Fastigheter: Diös is a Swedish listed property company focused on northern Sweden cities, including some overlapping municipalities with Neobo (Sundsvall). Comparable in Nordic regional residential and commercial ownership and management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/neobo-fastigheter

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neobo Properties