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An update from Logistea AB Class A ( ($SE:LOGI.A) ) is now available.
Logistea AB has signed agreements to acquire three fully leased industrial and logistics properties in Karlstad, Kumla and Lindesberg, with a combined underlying property value of SEK 138 million and a total lettable area of 9,378 square metres. The assets, financed through a mix of own funds and bank loans and subject to customary regulatory approval, are leased on long-term contracts averaging 6.5 years to tenants including Bama Foods, Arnessons Betongborrning and Maskin Väst, providing Logistea with SEK 10.9 million in annual rental income and strengthening its portfolio with modern, well-maintained facilities where tenants bear most operating and maintenance costs.
The most recent analyst rating on ($SE:LOGI.A) stock is a Buy with a SEK16.50 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.
More about Logistea AB Class A
Logistea AB is a Swedish real estate company focused on warehousing, logistics and light industrial properties, with a portfolio designed to serve tenants in sectors such as cold storage, warehousing, workshops and offices. The company is listed on Nasdaq Stockholm under the short names LOGI A and LOGI B and concentrates on income-generating properties across Sweden.
YTD Price Performance: -8.70%
Average Trading Volume: 3,109
Technical Sentiment Signal: Sell
Current Market Cap: SEK367.3M
Find detailed analytics on LOGI.A stock on TipRanks’ Stock Analysis page.