Added to YB: 2026-02-24
Pitch date: 2026-02-20
CORE-B.ST [neutral]
Corem Property Group AB (publ)
+1.02%
current return
Author Info
No bio for this author
Company Info
Corem Property Group AB (publ), a real estate company, owns, manages, develops, and leases office, warehouse, logistics, and retail properties in Sweden, Denmark, and the United States.
Market Cap
SEK 9.8B
Pitch Price
SEK 3.94
Price Target
N/A
Dividend
2.54%
EV/EBITDA
18.13
P/E
-1.66
EV/Sales
11.02
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)