SBB’s Rental Income Beats Estimates as CEO Sees Turnaround

SBB, the firm at the center of Sweden’s property crisis two years ago, reported better-than-expected rental income in the second quarter thanks to growth in its residential segment.

Rental income at Samhallsbyggnadsbolaget i Norden AB — as the company is formally known — totaled 845 million kronor ($87.9 million), exceeding average analyst estimates of 817 million kronor. Net operating income of 643 million kronor also beat expectations.