Investing in the future of the Nordics
SBS creates long-term value through sustainable, attractive and digitally optimised student housing at the Nordic region's strongest university locations.
STUDBO
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Latest info
Latest report
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Period January—March 2025
- Revenues increased by 10 per cent to SEK 124 million (113)
- Operating surplus increased 13 percent to SEK 72 million (64)
- The surplus rate was 58 per cent (57)
- Profit from management amounted to SEK 14 million (-5)
- The change in value amounted to SEK 78 million (-85)
- Earnings per share amounted to SEK 0.16 (-0.15)
- Long-term net asset value per share amounted to SEK 3.96 (3.86)
SBS at a glance
Investing in the future of the Nordic region
Student Housing in the Nordic Region offers a unique opportunity to invest in a stable and growing property portfolio for the future of the Nordic region.
Secure cash flows with proven growth
32% average growth per year.
Breakdown property value
Share of property value:
64% of property value located in the largest regions of Sweden and Denmark
Stockholm
Gothenburg
Öresund Region
Others
Our strategy
To own, manage and develop student housing in the long term. By being the given partner for municipalities and higher education institutions, added value is created both for students and for investors.
Established in
2018
Business units
456
Net revenue 2024 (SEK)
8,8 billion
Student apartments
6 645
Our business model
Student Housing in the Nordic Region (SBS) offers a unique opportunity to invest in a stable and growing property portfolio for the future of the Nordic region. The challenge with student housing is the intense relocation and to fend this off SBS is working under a clear strategy. We have our own housing queue to deliver the next student and an efficient management through a digitized platform, where the organization is built specialized for student housing.
Acquisitions
The cash flow provides the opportunity for the acquisition of existing properties
The SBS Concept
Value-added management delivers higher cash flow
Project-
developmental
developmental
Cash flow provides opportunities for renovations, energy efficiency improvements and new production
We shape the student housing of the future
At SBS, we are at the forefront of promoting social sustainability, security and well-being among students. We believe that the student accommodation of the future is a combination of surface-efficient apartments and generous community spaces.
We call this the Student Housing (re) form. Let's use Campus Star as an example of what the student housing of the future might look like.
We call this the Student Housing (re) form. Let's use Campus Star as an example of what the student housing of the future might look like.
Elias, living at Campus Star
The Gym, Campus Star
Student, living at Campus Star
“Students feel best when they feel part of a community.”
In autumn 2023, when we opened the doors of the first apartments at Campus Star in Stockholm, the tenants had to face a new form of accommodation.
“The form of accommodation is based on two main insights. The first is that many students value their private living space with its own kitchen and bathroom. The second is that students feel best when they feel part of a community, with a proximity to social togetherness. Much has been about marrying these two insights into a well-functioning whole,” says Samira Mchaiter, Head of Administration.
“The form of accommodation is based on two main insights. The first is that many students value their private living space with its own kitchen and bathroom. The second is that students feel best when they feel part of a community, with a proximity to social togetherness. Much has been about marrying these two insights into a well-functioning whole,” says Samira Mchaiter, Head of Administration.
Minska ensamheten
Psykisk ohälsa bland unga är en växande utmaning i samhället. För oss är det en prioriterad fråga att främja välmående genom att minska ensamheten. Att ha ett socialt sammanhang är ofta avgörande för att må bra. Genom gemensamma ytor, arrangemang av sociala evenemang och goda möjligheter till fysisk aktivitet bidrar vår boendeform till att skapa en stark gemenskap bland studenterna som bor hos oss.
Fysisk aktivitet
En god studentmiljö handlar inte bara om en plats att bo på, det handlar också om möjligheten till fysisk aktivitet och att må bra. Flera studier visar att fysisk aktivitet är viktigt för både kropp och själ, särskilt under intensiva studieperioder. På Campus Star är miljön skapad för att uppmuntra till rörelse, och där finns flera möjligheter till fysisk aktivitet.
Our strategy - a home for the future
Growth in the Right Positions
Focus on university cities
Acquisitions & new production
Expansion in the Nordics
Sustainable and safe homes
Energy-efficient solutions
Social community
Social sustainability
Profitability and efficiency
Optimized management
Digital solutions
Strong cost control
Our properties - focus on the right position
Since 2021, SBS has grown strongly in major cities, especially Stockholm and Copenhagen, which today account for over 50% of property value. Together with new production in Jönköping, Karlstad and Norrköping, these cities make up 64% of the portfolio. Stockholm, Gothenburg and the Öresund region — where Lund is highlighted as a future growth location — account for the majority of both rental and property value. The strategy is based on creating critical mass in attractive growth localities for efficient management and long-term demand.
3 länder
75 000 i bostadskö
6 645 student-bostäder
18 orter
3 countries
83,000 in our housing queue
6,645 student housing units
18 resorts
Ankarstocken, Norrköping
Campus Star, Stockholm
Engvej, Copenhagen
Campus Träbyn, Jönköping
Market trends
Increased demand for student housing
According to the SFS Housing Report 2023, the housing situation has deteriorated in several study locations, including Gävle, Falun and Helsingborg. More students are now being forced to wait longer than a month for secure housing. At the same time, rents increased by an average of 4.3%, which further pressures students' finances.
Reduced new production of student housing
Boverket reports that municipalities expect the number of student housing starts to decline sharply in 2024—2025. In total, 14 municipalities are planning for a total of just under 2,600 student housing units during this period, which is a marked decrease compared to previous forecasts.
Adaptations in building regulations to facilitate student housing construction
Boverket has proposed easing construction requirements for student housing, including exemptions from accessibility and usability requirements for a certain percentage of housing. This aims to simplify and speed up the construction process to meet the increased demand.
Financial objectives
Growth
10%
The growth in net asset value per share shall be at least 10 per cent per year.
Interest coverage ratio
1.75x
The interest coverage ratio shall be at least 1.75 times in the long term.
Borrowing ratio
60%
The loan-to-value ratio shall not exceed 60% in the long term.
Rebecka Eidenert
CEO
David Juhlin
CFO
Samira Mchaiter
Head of Asset Management
Camilla Thunmarker
Project Manager
Victoria Lenander
Sales and Marketing Manager
Sebastian Schönström
Deputy CEO, Head of Finance and Transactions since 2023
Magnus Jägre
Sustainable Innovation Manager
Tomas Lifvendahl
Chairman of the Board
Leiv Synnes
Charlotte Axelsson
Amir Gal
Management & board
Rebecka Eidenert
CEO
Rebecka Eidenert
CEO
sedan
2020
Education:
University of Gävle, SLU and Malmö University within law, Civil Engineering, Real Estate Science and economy.
Other current positions (in selection):
Director of R Eidenert AB. Deputy director and CEO of STUSAB Fastigheter 3 AB and Framtidens Boende in Göteborg AB.
Övriga nuvarande befattningar (i urval):
Member of the Board of Directors of R Eidenert AB.
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
David Juhlin
CFO
David Juhlin
CFO
sedan
2022
Education:
Bachelor of Business Administration (BBA), Accounting and Finance and a Masters degrée of Finance (MSc) at Linköping University.
Other current positions (in selection):
Trainee Rikshem AB, Property Manager Rikshem AB, Controller Rikshem AB, Property Manager Amasten Fastighets AB (publ), Group Controller Amasten Fastighets AB (publ).
Övriga nuvarande befattningar (i urval):
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
Samira Mchaiter
Head of Asset Management
Samira Mchaiter
Head of Asset Management
sedan
2020
Education:
Certified Property Manager, Newton YH Degree.
Other current positions (in selection):
Regional Manager Rikshem AB, Property Manager Rikshem AB, Operations Manager and Area Manager HSB Stockholm
Övriga nuvarande befattningar (i urval):
Chairman of the Board at Bostadsrättsföreningen Idared Sundbyberg.
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
Camilla Thunmarker
Project Manager
Camilla Thunmarker
Project Manager
sedan
2020
Education:
Bachelor of Science in Engineering within Civil Engineering and Design at KTH Royal Institute of Technology.
Other current positions (in selection):
Building Inspector Uppsala Municipality, Construction and Project Manager Hydracon, Construction and Project Manager, A-sidan Architect's Office.
Övriga nuvarande befattningar (i urval):
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
Victoria Lenander
Sales and Marketing Manager
Victoria Lenander
Sales and Marketing Manager
sedan
2024
Education:
High School Economist.
Other current positions (in selection):
COO TMPL Solution AB, CCO Ngenic AB, Head of Marketing Widerlöv & Co
Övriga nuvarande befattningar (i urval):
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
Sebastian Schönström
Deputy CEO, Head of Finance and Transactions since 2023
Sebastian Schönström
Deputy CEO, Head of Finance and Transactions since 2023
sedan
2023
Education:
Bachelor's degree in finance from Stockholm University, master's degree in finance and accounting Stockholm University
Other current positions (in selection):
Analyst Amasten Fastighets AB (publ), Chief Financial Officer Amansten Fastighets AB (publ), CEO Ride Group AB.
Övriga nuvarande befattningar (i urval):
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
Magnus Jägre
Sustainable Innovation Manager
Magnus Jägre
Sustainable Innovation Manager
sedan
2021
Education:
Computer Science at Stockholm University.
Other current positions (in selection):
CEO Jagre Management AB, IT- and Head of Sustainability Amasten Fastighets AB (publ), Chief Information Officer Rikshem AB.
Övriga nuvarande befattningar (i urval):
Shareholdings:
See this page for updated holding
Last updated:
2025-03-13
Stäng
Tomas Lifvendahl
Chairman of the Board
Tomas Lifvendahl
Chairman of the Board
Education:
Bachelor of Science in Business Administration with a focus on finance and macroeconomics, Stockholm University
Professional experience and other significant positions (selected):
Bachelor of Science in Business Administration with a focus on finance and macroeconomics, Stockholm University
Holdings of shares and subscription warrants in the Company:
See this page for updated possession.
Independence/dependence in relation to the company, management, and shareholders:
Last updated:
2024-02-08
Stäng
Leiv Synnes
Leiv Synnes
Education:
Bachelor of Science in Business Administration, Umeå University.
Professional experience and other significant positions (selected):
Bachelor of Science in Business Administration, Umeå University.
Holdings of shares and subscription warrants in the Company:
See this page for updated possession.
Independence/dependence in relation to the company, management, and shareholders:
Independent in relation to the company and management but dependent in relation to larger shareholders.
Last updated:
2024-02-08
Stäng
Charlotte Axelsson
Charlotte Axelsson
Education:
Bachelor of Social Work, Stockholm School of Social Work
Professional experience and other significant positions (selected):
Bachelor of Social Work, Stockholm School of Social Work
Holdings of shares and subscription warrants in the Company:
See this page for updated possession.
Independence/dependence in relation to the company, management, and shareholders:
Independent in relation to the company and management respectively shareholders.
Last updated:
2024-04-04
Stäng
Amir Gal
Amir Gal
Education:
Qualified lawyer and Bachelor of Laws, Israel. DPhil candidate in law, Oxford University (ongoing).
Professional experience and other significant positions (selected):
Qualified lawyer and Bachelor of Laws, Israel. DPhil candidate in law, Oxford University (ongoing).
Holdings of shares and subscription warrants in the Company:
See this page for updated possession.
Independence/dependence in relation to the company, management, and shareholders:
Independent in relation to the company and management but dependent in relation to larger shareholders.
Last updated:
2024-02-06
Stäng
Our history
2018
Studentbostäder i Sverige AB was formed through a consolidation of real estate companies and acquired 21 properties as the basis for its initial portfolio.
2019
Expansion through the acquisition of properties in Luleå (approximately 1,400 student housing units) and Karlstad (approximately 160 student housing units). New shareholders were added through these acquisitions.
2020
• In October, it was announced that Prime Living AB and Studentbostäder i Sverige AB would merge.
• The merger was completed on 8 December and the company changed its name to Studenbostäder i Norden AB (SBS).
• On December 18, SBS was listed on the Nasdaq First North Growth Market.
• The merger was completed on 8 December and the company changed its name to Studenbostäder i Norden AB (SBS).
• On December 18, SBS was listed on the Nasdaq First North Growth Market.
2021
In April, an expansion into Denmark was announced via a new construction project worth SEK 1.6 billion.
• In May, SEK 500 million of sustainable corporate bonds were issued.
• In September, the company entered Norway through the acquisition of student housing worth NOK 111 million.
• In May, SEK 500 million of sustainable corporate bonds were issued.
• In September, the company entered Norway through the acquisition of student housing worth NOK 111 million.
2023
Move-in began in newly produced properties in Norrköping and Stockholm, adding 1,241 student housing units.
• A national housing queue system was launched in which people from the age of 13 could register for student housing in 15 Swedish cities.
• A rights issue was carried out which contributed SEK 331 million to the company before issue costs.
• A national housing queue system was launched in which people from the age of 13 could register for student housing in 15 Swedish cities.
• A rights issue was carried out which contributed SEK 331 million to the company before issue costs.
2024
• Refinansierar krediter om 770 MSEK till längre löptider och längre ränta.
• Tecknar hyresavtal med Handelshögskolan i Stockholm omfattande 107 studentbostäder.
• Avyttrar bostadsfastigheter i Karlstad om ett underliggande fastighetsvärde om 132,5 MSEK.
• Refinansierar ytterligare banklån om 758 MSEK till sänkt kreditmarginal och lägre löpande amortering.
• Tecknar hyresavtal med Handelshögskolan i Stockholm omfattande 107 studentbostäder.
• Avyttrar bostadsfastigheter i Karlstad om ett underliggande fastighetsvärde om 132,5 MSEK.
• Refinansierar ytterligare banklån om 758 MSEK till sänkt kreditmarginal och lägre löpande amortering.
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