Added to YB: 2025-03-20
Pitch date: 2025-01-31
CORE-B.ST [bullish]
Corem Property Group AB (publ)
-63.87%
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 5.56
Price Target
16.56 (+724%)
Dividend
3.07%
EV/EBITDA
18.88
P/E
-1.60
EV/Sales
11.24
Sector
Real Estate Management and Development
Category
value
Corem Property Group AB (publ) - $CORE-B.ST
CORE-B.ST: Deeply discounted Swedish real estate co (65% to NAV) post Ericsson HQ scare. 294 properties, 54% LTV, 5% int rate. NYC projects boosting 2025 cash flow. Catalysts: Ericsson staying, NYC leasing, hybrid bond repurchase, Park Ave monetization. CEO owns 44%, heavy insider buying. 2% dividend yield.
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