Overview
Swedish property firm's Q4 net lettings positive, reversing earlier negative trend
Company's property portfolio value declined by SEK 2.5 bln in 2025
Board proposes share buybacks, no cash dividend for 2025
Outlook
Company proposes share buybacks instead of cash dividends for 2025
Castellum's operational focus remains on leasing activities
Board adopts new strategy focusing on profitability and capital allocation
Result Drivers
POSITIVE NET LETTINGS - Q4 net lettings were SEK 26 million, reversing earlier negative trend, indicating potential improvement in leasing activities
PROPERTY VALUE DECLINE - Property portfolio value decreased by SEK 2.5 billion in 2025, primarily due to revised expectations for future cash flows
REORGANIZATION - Castellum reorganized its head office to improve efficiency, resulting in a reduction of 30 employees
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Net Income | SEK 938 mln | ||
FY Investments | SEK 4.39 bln | ||
FY Operating Income | SEK 6.52 bln | ||
FY Profit From Property Management | SEK 4.61 bln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Castellum AB is SEK125.00, about 15.3% above its February 17 closing price of SEK108.45
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nMFND5w3V
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments