Swedish real estate company SBB reported a reduced pretax loss for the fourth quarter of 2024, marking a significant improvement from the previous year. The company, which specializes in owning properties such as hospitals and care homes across Sweden, announced an October-December loss before tax of 613 million Swedish crowns (USD 57.27 million). This figure represents a substantial reduction compared to the 3.37 billion crown loss recorded in the same period of 2023.
SBB has been actively working to stabilize its financial position amid a challenging economic environment that has impacted many European real estate firms. In recent years, rising interest rates forced several property groups, including SBB, to restructure operations and…
