This report does not constitute a rating action. Overview Enterprise profile Financial profile Förvaltnings AB Framtiden (Framtiden) is one of the largest public housing providers in Sweden and operates in the city of Göteborg, where it benefits from stable demand for affordable housing and low vacancies. We expect Framtiden to deliver EBITDA margins of about 27% in the coming years, as rent increases and spending growth balance. --We view positively management’s focus on the low risk, core public housing segment, which ensures stable operations and high levels of predictability. -- We anticipate most capital expenditure (capex) in 2026-2028 to focus on existing stock, while spending on new development should remain limited until the market environment improves. --Framtiden enjoys strong support
