Shares of Swedish real estate firm NP3 Fastigheter jumped after reporting higher property valuations, even though their underlying business—like rental income and occupancy—isn’t looking as strong. Investors seem to be betting on the long-term value of their assets rather than current performance.

Editor’s Note: It’s a bit of a head-scratcher—usually, weakening fundamentals would drag a stock down, but here, rising asset values (likely due to market optimism or inflation adjustments) are giving NP3 a boost. This could signal that investors are playing the long game, banking on property prices holding up despite short-term struggles. For the real estate sector, it’s a reminder that perception of value can sometimes trump day-to-day financials.