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Castellum AB ( (SE:CAST) ) has provided an update.
Castellum reported first-quarter 2026 income of SEK 2.32 billion and net operating income of SEK 1.52 billion, both slightly lower year-on-year, while income from property management edged up 1.4%. Net income jumped to SEK 1.30 billion, helped by positive property value changes that lifted the portfolio to SEK 138.1 billion, even as like-for-like rental and NOI performance weakened.
Leasing momentum improved with 97,000 square metres of new contracts and positive net leasing of SEK 82 million, and the company stepped up investments of SEK 679 million mainly into existing assets. Castellum also signed a SEK 5.6 billion divestment of nine public sector properties and repurchased nearly 24 million shares so far in 2026, moves that reshape the portfolio and capital structure while keeping leverage moderate with a 37.5% loan-to-value ratio and stable interest coverage.
The most recent analyst rating on (SE:CAST) stock is a Sell with a SEK105.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.
More about Castellum AB
Castellum AB is one of the Nordic region’s larger listed real estate companies, focused on commercial properties such as offices and public sector premises. The group concentrates on major Swedish growth cities and select Nordic urban areas, managing a sizeable property portfolio while balancing rental income stability with active capital recycling and energy optimisation efforts.
Average Trading Volume: 1,891,137
Technical Sentiment Signal: Buy
Current Market Cap: SEK57.7B
For an in-depth examination of CAST stock, go to TipRanks’ Overview page.