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Logistea AB Class A ( ($SE:LOGI.A) ) has provided an update.
Logistea AB has expanded its Swedish logistics and light industrial portfolio by acquiring the site leasehold to the Varvet 3 property in Uddevalla and the Ratten 12 property in Trollhättan, at an underlying property value of SEK 84 million before deferred tax. The two fully leased assets, totaling 6,899 square meters, generate annual rental income of about SEK 7 million and are let on roughly six-year remaining leases to food wholesaler Svensk Cater and industrial group Argynnis Group; the properties were purpose-built or recently expanded for these tenants, who bear most operating and maintenance costs, and the deal is financed through bank loans and existing cash, enhancing Logistea’s stable, long-term cash flow profile in its core segment.
The most recent analyst rating on ($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 specializing in warehousing, logistics and light industrial properties. The company focuses on income-generating assets leased to commercial tenants and is listed on Nasdaq Stockholm under the ticker symbols LOGI A and LOGI B.
Average Trading Volume: 3,151
Technical Sentiment Signal: Sell
Current Market Cap: SEK359.5M
For detailed information about LOGI.A stock, go to TipRanks’ Stock Analysis page.