Added to YB: 2026-02-24
Pitch date: 2026-02-20
CORE-B.ST [neutral]
Corem Property Group AB (publ)
-17.12%
current return
Author Info
No bio for this author
Company Info
Corem Property Group AB (publ), a commercial property company, owns, manages, develops, and leases office, warehousing/logistics, retail, health care, and social function properties in Sweden, Denmark, and the United States.
Market Cap
SEK 6.5B
Pitch Price
SEK 3.86
Price Target
N/A
Dividend
3.07%
EV/EBITDA
18.88
P/E
-1.60
EV/Sales
11.24
Sector
Real Estate Management and Development
Category
turnaround
The European Deep Value Week – 2026/07 | Corem Property Group AB – Large Value Declines and Portfolio De-Risking via Disposals, Including US Exit Steps
CORE-B.ST (update): FY25 rental income 3,465 msek, NOI 2,225 msek, profit from property mgmt 863 msek; property revaluations -3,906 msek drove net loss -3,311 msek (-2.96 SEK/sh), NAV/sh fell to 10.70 SEK (15.97). Disposed 46 properties (5.2bn sek, +302 msek earnings). 417 Park Ave NYC sale (binding SPA Jan '26, close Q2) = -1.5bn sek hit. De-risking via US exit, bond buybacks, share buybacks. Rating BB+ stable. Mgmt sees '26 recovery, portfolio focus, capital optimization.
Read full article (2 min)