Corem Property Group AB Class A (CORE.A) AI Stock Analysis

• Market Cap: kr8.42B
• Dividend Yield: 1.92%
• Average Volume (3M): 5.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: -7.68%
• EPS Growth: 71.56%
• Country: SE
• Employees: 280
• Sector: Real Estate
• Sector Strength: 47
• Industry: Real Estate - Services
• EPS (TTM): -0.41
• Shares Outstanding: 93,124,270
• 10 Day Avg. Volume: 8,308
• 30 Day Avg. Volume: 5,439
• PEG Ratio: 0.08
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 2.04
• P/FCF Ratio: 8.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr5.48
• Price Target Upside: 5.44% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: kr5.50 ▲(5.77% Upside)

Corem Property Group AB Class A's overall stock score is primarily influenced by its financial performance, which is challenged by declining revenues and high leverage. Technical analysis provides a neutral outlook, while valuation metrics are concerning due to a negative P/E ratio. The absence of earnings call and corporate events data limits additional insights.

Corem Property Group AB Class A Business Overview & Revenue Model

Company Description

Corem Property Group AB (publ), a real estate company, owns, manages, and develops industrial, warehouse, logistics, and retail properties in the Nordic region. As of December 31, 2021, it had 518 properties with a total lettable area of 3,479 thousand square kilometers. Corem Property Group AB (publ) was incorporated in 1993 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Corem Property Group AB generates revenue through leasing its extensive portfolio of commercial properties, primarily in the warehouse and logistics sector. The company earns rental income from tenants who occupy its properties under long-term lease agreements. Additionally, Corem Property Group may engage in property development and sales activities, further contributing to its revenue streams. Strategic acquisitions and partnerships also play a role in expanding its property portfolio, enhancing the company's market presence and financial performance.

Corem Property Group AB Class A Financial Statement Overview

Summary

Corem Property Group AB Class A faces challenges in profitability and growth, with declining revenues and consistent net losses. The balance sheet is moderately leveraged with a stable equity ratio but negative ROE, raising concerns about return generation. Positive free cash flow indicates some resilience in cash flow management, but overall financial health needs improvement.

Income Statement

The income statement reveals a downward trend in revenue and profitability. The TTM data shows a gross profit margin of 64.3% and a net profit margin of -26.9%, indicating profitability challenges. Revenue growth is negative compared to prior years, with a decline in total revenue from 2022 to 2025. Despite a strong EBIT margin of 68.2% in TTM, consistent net losses are a concern.

Balance Sheet

The balance sheet shows a moderately leveraged position with a debt-to-equity ratio of 1.54 in TTM. The equity ratio stands at 34.7%, indicating a reasonable level of equity financing. However, the negative return on equity of -4.7% highlights the company's struggle to generate returns for shareholders. The reduction in total assets from previous years also suggests potential financial instability.

Cash Flow

The cash flow analysis indicates a positive free cash flow growth rate of -7.5% in TTM, reflecting challenges in cash generation. The operating cash flow to net income ratio is negative, indicating profitability issues. However, the free cash flow remains positive, suggesting some ability to manage capital expenditures and debt servicing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.60B	3.69B	4.24B	4.49B	2.91B	894.00M
Gross Profit	2.31B	2.36B	2.88B	2.93B	1.87B	668.00M
EBITDA	1.87B	2.22B	2.73B	1.20B	5.29B	1.47B
Net Income	-1.64B	-1.06B	-7.97B	3.03B	4.58B	-108.00M
Balance Sheet
Total Assets	57.22B	61.78B	64.85B	90.86B	92.24B	18.67B
Cash, Cash Equivalents and Short-Term Investments	536.00M	586.00M	429.00M	2.08B	571.00M	15.00M
Total Debt	29.95B	32.97B	34.71B	49.54B	47.83B	9.85B
Total Liabilities	37.11B	40.27B	42.83B	59.55B	58.30B	11.40B
Stockholders Equity	20.11B	21.51B	22.00B	31.27B	33.34B	7.28B
Cash Flow
Free Cash Flow	961.00M	920.00M	718.00M	2.19B	927.00M	367.00M
Operating Cash Flow	961.00M	920.00M	718.00M	2.23B	1.19B	370.00M
Investing Cash Flow	2.22B	1.67B	13.83B	-1.29B	-954.00M	-2.02B
Financing Cash Flow	-3.03B	-2.44B	-15.10B	-583.00M	356.00M	1.65B

Corem Property Group AB Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CORE.A, the sentiment is Negative. The current price of 5.2 is above the 20-day moving average (MA) of 5.13, below the 50-day MA of 5.36, and below the 200-day MA of 5.67, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.07 is Neutral, neither overbought nor oversold. The STOCH value of 48.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CORE.A.

Corem Property Group AB Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STEF.B	66 Neutral	kr6.72B	23.68	5.20%	―	4.18%	―
DIOS	65 Neutral	kr9.13B	18.84	4.19%	1.71%	1.57%	―
PLAZ.B	64 Neutral	$8.33B	20.51	2.99%	1.51%	10.30%	―
Sector *	63 Neutral	$6.83B	13.33	-1.02%	7.20%	3.67%	-27.11%
CORE.D	56 Neutral	kr8.42B	―		8.16%	-7.68%	―
CORE.A	52 Neutral	kr8.42B	―	-7.84%	1.92%	-7.68%	71.56%
SBB.B	41 Neutral	€7.97B	―	-23.76%	22.16%	-30.32%	79.30%

Corem Property Group AB Class A Corporate Events

Corem Property Group Announces Change in Shares and Votes

Corem Property Group has announced a change in the total number of shares and votes following a directed issue and an Extraordinary General Meeting. This adjustment, which includes the approval of a new share issue to M2 Asset Management AB, results in a total of 1,435,489,446 shares and 227,360,783.1 votes, impacting the company’s share distribution and voting structure.

Corem Kelly AB Announces Redemption of Hybrid Bonds

Corem Property Group’s subsidiary, Corem Kelly AB, has announced the voluntary redemption of all outstanding subordinated perpetual floating rate callable capital securities, known as Hybrid Bonds. This move involves redeeming the bonds at their nominal value plus any accrued interest, with the redemption date set for 22 September 2025. This decision reflects the company’s strategic financial management and may impact its debt structure and stakeholder relations.

Corem Property Group Approves New Share Issue to Bolster Growth

Corem Property Group’s Extra General Meeting approved a new share issue of Class B ordinary shares, deviating from shareholders’ preferential rights. This decision, aimed at raising capital efficiently amid market volatility, involves a directed share issue to institutional investors and the company’s largest shareholder, M2 Asset Management AB, to ensure stability and growth.

Corem Property Group Reports Strategic Divestments Amidst Challenging Market Conditions

Corem Property Group’s interim report for January to June 2025 highlights a challenging yet stabilizing business environment. The company reported a decrease in income and operating surplus compared to the previous year, alongside strategic divestments aimed at focusing its portfolio geographically and financially consolidating its operations. Corem’s efforts to maintain operational stability and streamline its property portfolio are evident in its divestment activities and positive net letting, despite the high degree of uncertainty in the property sector. The company aims to create value through efficient property management and financial consolidation, with a focus on growth locations in Sweden.

Corem Property Group Announces Change in Share and Vote Structure

Corem Property Group AB announced a change in the total number of shares and votes due to a directed issue in June. The company now has 1,353,522,233 shares, with Class A shares having one vote each and other classes having one-tenth of a vote. This change impacts the company’s shareholding structure and voting power distribution.

Corem Property Group Announces Extraordinary General Meeting

Corem Property Group has announced an Extraordinary General Meeting scheduled for July 21, 2025, allowing shareholders to exercise their voting rights in person, by proxy, or through postal voting. This meeting is significant for stakeholders as it provides an opportunity to influence company decisions and reinforces the company’s commitment to shareholder engagement.

Corem Property Group Announces SEK 939 Million Directed Share Issue

Corem Property Group has announced a directed issue of ordinary shares of Class B, raising approximately SEK 939 million before transaction costs. This move, involving an accelerated book-building procedure, aims to strengthen the company’s financial capacity. The issue is split into two tranches, with the first targeting Swedish and international institutional investors, and the second directed at its largest shareholder, M2 Asset Management AB. The subscription price reflects a discount based on recent trading prices, and the initiative is part of Corem’s strategy to enhance its financial stability and market positioning.

Corem Property Group Explores Share Issue to Bolster Financial Position

Corem Property Group is exploring a directed issue of approximately 160 million Class B shares to strengthen its financial position. This initiative aims to enhance Corem’s balance sheet, improve cash flow, and increase financial flexibility, allowing the company to repay an outstanding hybrid bond and optimize its capital structure for future investments.