Earnings call transcript: Neobo Q3 2026 shows stronger per-share profit

Neobo reported a 22% increase in profit per share from property management in Q3 2026, driven by stronger income in its remaining portfolio and reduced central administration costs. Despite declining residential vacancy to a record low of 4.4%, the company continued to reshape its portfolio by selling non-core properties. The Skaraborg transaction, expected to close in November, will generate around SEK 300 million in liquidity.

Neobo also announced plans to launch a new SEK 100 million share buyback program following the completion of its current program. The company's valuation metrics indicate an opportunity for investors, with a Fair Value assessment suggesting it is undervalued. Neobo's shares were unchanged at $16.44 in early trading, trading near the bottom of its 52-week range.

The stock's position suggests cautious market sentiment, as investors await the full earnings release and more details on EPS and revenue. Neobo's focus remains on creating sustainable living environments and delivering attractive returns to shareholders.