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Logistea AB Class A ( ($SE:LOGI.A) ) has provided an update.
Logistea AB has announced the acquisition of a property in Karlskrona, Sweden, valued at SEK 113 million. The property, leased entirely to Connect Bus, spans a leasable area of 3,489 square meters and is expected to generate an annual rental income of SEK 10.6 million. This acquisition enhances Logistea’s portfolio with a long-term lease to a strong tenant, supporting the company’s earnings capacity and cash flow.
The most recent analyst rating on ($SE:LOGI.A) stock is a Buy with a SEK17.00 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 is a Swedish real estate company specializing in warehousing, logistics, and light industrial properties. The company is publicly traded on Nasdaq Stockholm under the ticker symbols LOGI A and LOGI B.
YTD Price Performance: -1.90%
Average Trading Volume: 84,115
Technical Sentiment Signal: Buy
Current Market Cap: SEK396M
See more insights into LOGI.A stock on TipRanks’ Stock Analysis page.