Added to YB: 2025-03-20
Pitch date: 2025-01-31
CORE-B.ST [bullish]
Corem Property Group AB (publ)
-31.85%
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 10.2B
Pitch Price
SEK 5.76
Price Target
16.56 (+322%)
Dividend
2.01%
EV/EBITDA
19.24
P/E
-5.65
EV/Sales
11.58
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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