Heba Fastighets

What Heba Fastighets does

Heba Fastighets AB is a Stockholm-headquartered residential property company founded in 1952 and listed on Nasdaq Stockholm since 1994 under the ticker HEBA. It owns and manages 58 properties comprising 3,263 residential apartments, 825 elderly-care units, and 119 commercial premises, concentrated in the Stockholm region and Mälardalen. The portfolio has a structural near-zero residential vacancy, an internal queue of roughly 5,000 active applicants with 10x documented oversubscription, and 84% of revenue is generated from green-certified properties under its Nasdaq Green Equity Designation.

The company's revenue model is principally long-duration residential and care-property leasing. Standard residential leases operate on a three-month notice basis, while commercial and elderly-care tenancies involve longer-duration commitments with named operators including Attendo, Aleris, Humana, Solgården, and Tellus. Tenant acquisition runs through both municipal housing agencies (Hem & Helhet, Bostadsförmedlingen) and Heba's own queue. The most recent disclosed quarterly performance (Q1 2026) showed rental income of 157.0 MSEK (+4% YoY) and a period result that roughly doubled YoY to 108.5 MSEK.

Development pipeline activity is anchored by the Smedjan i Källberga new-build project adding 128 units, alongside the addition of townhouse product types and ongoing roll-out of EV charging. Sustainability is positioned as a core operating discipline rather than a marketing layer: a Sustainable Contracts Program covers 50% of tenants at launch (target 100% by 2030), and full green financing is targeted by the same year. A stated objective of reaching approximately 20 BSEK in property value by 2030 implies a disciplined, accretive acquisition-and-development cadence rather than large-scale M&A.

Name

Heba Fastighets

Legal name

Heba Fastighets AB

Website

https://hebafast.se

Company type

Public

Founded year

1952

Operating status

Operating

Headcount range

11–50 employees

Short description

Heba Fastighets AB is a Swedish residential property company, listed on Nasdaq Stockholm since 1994, that owns 58 properties with 3,263 apartments and 825 elderly-care units concentrated in the Stockholm and Mälardalen regions. It serves general residential tenants and institutional care operators under a green-certified portfolio strategy.

Ownership category

akta.pro rank

Product category

Residential Real Estate / Rental Housing

NAICS

Residential Property Managers (531311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Operators Of Apartment Buildings (6513), Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512), Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Senior Living Property Management (BPAJAGAI), Multifamily (Apartment) Property Management (BPAJAGAD), Rental / Fee-for-Service CCRCs (HLADAEAB)

Keywords

• Residential property management
• Rental apartment services
• Community property leasing
• Sustainable real estate
• Elderly care facilities

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income: Primary revenue stream from rental of residential apartments (3,263 units as of late 2025). Tenants pay monthly rent in advance. Q1 2026 rental income was 157.0 MSEK, representing a 4% increase year-over-year.
2. Community/Public Building Rental Income: Revenue from rental of community properties including elderly care facilities (825 apartments) and other public buildings (14 properties as of December 2025). The company targets at least 20% of operating net from community properties.
3. Commercial Unit Rental Income: Revenue from 119 commercial/retail units in connection with residential properties. Smedjan project includes 4 commercial units planned for Källberga torg.
4. Parking and Storage Rental: Revenue from rental of parking spaces (garages and p-platser) and storage units (förråd) to tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Heba Fastighets develops, owns, and manages residential rental properties and community/public buildings in the Stockholm region and Mälardalen. The portfolio includes 3,263 rental apartments, 825 apartments in elderly care facilities, and 119 commercial units across 58 properties, leased to individual tenants, youth tenants aged 18-25, elderly care operators, and commercial occupants on recurring monthly contracts. Digital tenant services (Boendeappen Avy mobile app and Mina sidor portal) support rent payment, maintenance requests, and housing applications.

Product overview

Heba Fastighets is a residential and community property company operating in Stockholm region and Mälardalen. The core offering consists of rental housing products including standard rental apartments (Hyreslägenheter), youth apartments for ages 18-25 (Ungdomsbostäder), rental townhouses (Radhus), and community properties (Samhällsfastigheter) primarily focused on elderly care. The portfolio comprises 58 properties with 3,263 rental apartments, 825 care home apartments, and 119 commercial spaces (as of December 2025). Digital tenant services include the Boendeappen Avy mobile app and the Mina sidor online portal for rent payment, fault reporting, and housing applications. Heba also develops new properties such as Smedjan i Källberga with 128 units, and offers parking/storage add-ons with expanding EV charging capabilities. Sustainability is embedded through the Hållfast proprietary certification and a Green Financing Framework. Apartments are distributed through Heba's own queue, HomeQ, and regional housing agencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Hyreslägenheter (Rental Apartments)

Quantifiable outcome

• Energy consumption reduced to 65 kWh/kvm (record low, down from 73 kWh/kvm)
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, flagship, supporting and minor.

• S&P GlobalcoreOthers · 1 January 2025Independent sustainability auditor for Nasdaq Green Equity Designation. S&P Global conducts annual review confirming Heba meets green criteria (>50% revenue from green properties, >50% costs/investments green, <5% fossil revenue). 2025 audit confirmed 84% green revenue.
• Stockholms stad (Stockholm City)flagshipStrategic or Co-development Partner · 1 January 2023Heba's main sponsorship (since 2023, participant since 2013) of Laxsläppet, Stockholm city's annual sea trout release event. 150,000 sea trout released annually in Stockholm waters. Demonstrates Heba's commitment to biodiversity and environmental responsibility as a property owner.
• Bostadsförmedlingen i StockholmcoreChannel Partner/ Reseller/ DistributorOfficial partnership with Stockholm city's housing allocation service. Heba lists available apartments through this platform to reach housing seekers registered in the Stockholm region. This is a primary channel for tenant acquisition in Heba's core market.
• Uppsala BostadsförmedlingcoreChannel Partner/ Reseller/ DistributorPartnership with Uppsala city's housing allocation service for distributing Heba properties in the Mälardalen/Uppsala region. Enables Heba to reach tenants in their secondary geographic market.
• HomeQsupportingChannel Partner/ Reseller/ DistributorPrivate housing allocation platform partnership for distributing new construction and available rental units. Heba uses HomeQ alongside their own queue and other partnerships.
• Human BridgeminorStrategic or Co-development PartnerPartnership for textile collection in several Heba properties. Residents can dispose of textiles for reuse and recycling through containers placed in waste rooms.
• 2SecureminorOthersExternal provider of Heba's whistle-blowing service (visselblåsartjänst). Enables employees and partners to report concerns anonymously. Accessed via wb.2secure.se with company code HEB520.
• Semrén + MånssonsupportingStrategic or Co-development PartnerArchitecture firm for Smedjan i Källberga new construction project. Semrén + Månsson designed the 128 rental apartments (115 units + 13 townhouses + 1 studio house) in Nynäshamn.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Wallenstam: Stockholm-focused, Nasdaq-listed residential and commercial property company with a similar mix of centrally located rental apartments in the same region as Heba, making it the closest direct comparable on geography, asset class, and Swedish rent-regulation exposure.
• Stena Fastigheter: Swedish residential property company operating in Greater Stockholm and other major Swedish cities, with a portfolio of rental apartments that overlaps directly with Heba's Stockholm-region focus.
• Rikshem: Swedish residential property owner with a portfolio that includes elderly-care and community-style housing in Stockholm and other regions, mirroring Heba's mix of rental apartments plus samhällsfastigheter.
• K2A Knaust & Andersson Fastigheter: Swedish property company focused on residential and community housing in the Stockholm-Mälardalen region, the same geographic footprint and similar Swedish rent-regulation exposure as Heba.
• Heimstaden: Major Nordic residential landlord with significant exposure to Stockholm; competes for the same rental-housing tenants and operates a comparable long-term indexation-linked rent model under Swedish tenancy law.
• Akelius Residential Property: Owns and operates urban residential apartments across the Nordics and Northern Europe, including Stockholm, with a business model of long-term ownership and renovation-led rent uplift comparable to Heba's.

Broad incumbents

• JM: Major Swedish residential developer active in Greater Stockholm where Heba operates, providing a comparable read on Stockholm new-build pricing, absorption, and construction-cost trends.
• Fastighets AB Balder: Large, diversified Swedish property company with significant residential and commercial holdings across Sweden including Stockholm; broader portfolio and far larger scale than Heba but overlapping market.

Regional players

• Sveafastigheter: Swedish residential-focused property company with presence in Stockholm/Mälardalen, comparable to Heba on geography and rental-residential business model, though operating at a different scale and capital structure.
• Bonava: Swedish residential developer that produces new-build apartments in the Stockholm region, comparable as a new-build supply competitor and as a proxy for Stockholm new-construction market dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/heba-fastighets-ab

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Heba Fastighets