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

• Market Cap: €7.39B
• Dividend Yield: 2.43%
• Average Volume (3M): 6.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: -6.30%
• EPS Growth: 52.27%
• Country: SE
• Employees: 280
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.32
• Shares Outstanding: 93,124,270
• 10 Day Avg. Volume: 8,427
• 30 Day Avg. Volume: 6,823
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: kr4.50 ▲(2.74% Upside)

Corem Property Group AB Class A is currently facing significant financial and technical challenges. The most impactful factor is the company's financial performance, with declining revenues and high leverage posing risks. Technical analysis indicates bearish trends, and valuation metrics are weak due to negative earnings. The stock's overall score reflects these challenges, suggesting caution for potential investors.

Positive Factors

Operational Efficiency

Strong operational efficiency as indicated by high EBIT and EBITDA margins suggests the company manages its core operations effectively, providing a solid foundation for potential profitability improvements.

Free Cash Flow Growth

Positive free cash flow growth indicates the company's ability to generate cash, which is crucial for funding operations, reducing debt, and investing in future growth opportunities.

Strategic Urban Presence

A strategic presence in urban markets enhances Corem's ability to attract diverse tenants and capitalize on high demand for commercial spaces, supporting long-term revenue stability.

Negative Factors

High Leverage

High leverage increases financial risk and can strain the company's ability to invest in growth or weather economic downturns, impacting long-term financial stability.

Declining Revenues

Declining revenues suggest challenges in maintaining market share or pricing power, which could hinder future profitability and growth prospects if not addressed.

Negative Profit Margins

Negative profit margins highlight ongoing financial challenges and the need for strategic adjustments to achieve profitability and ensure long-term viability.

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 multiple channels, primarily from leasing commercial properties to tenants, which includes long-term leases and rental agreements. The company also capitalizes on property management services, ensuring operational efficiency and tenant satisfaction. Additionally, Corem engages in property development projects, where it invests in the construction or renovation of real estate to increase asset value before leasing or selling. Strategic partnerships with local and international investors and developers further bolster its revenue streams, allowing for collaborative projects and shared financing opportunities.

Corem Property Group AB Class A Financial Statement Overview

Summary

Corem Property Group AB Class A is facing financial challenges with declining revenues and significant net losses. The balance sheet shows high leverage, posing financial risks, but there are positive trends in free cash flow growth. Overall, the company needs to address profitability and leverage issues to improve its financial health.

Income Statement

Corem Property Group AB Class A has faced declining revenues and profitability over the recent periods. The TTM data shows a negative net profit margin of -45.58%, indicating significant losses. The EBIT and EBITDA margins are relatively strong at 51.21% and 51.79%, respectively, suggesting operational efficiency. However, the negative revenue growth rate of -1.26% and the substantial net losses are concerning for future profitability.

Balance Sheet

The company has a high debt-to-equity ratio of 1.49, reflecting significant leverage, which poses financial risk. The return on equity is negative at -7.78%, indicating poor returns for shareholders. The equity ratio stands at 35.14%, showing a moderate level of equity financing relative to total assets. The balance sheet reflects financial instability due to high leverage and negative returns.

Cash Flow

Corem Property Group AB Class A has shown improvement in cash flow metrics, with a free cash flow growth rate of 12.93% in the TTM period. The operating cash flow to net income ratio is 0.08, and the free cash flow to net income ratio is 1.0, indicating that the company is generating sufficient cash relative to its net income. Despite the positive cash flow growth, the low operating cash flow coverage ratio suggests potential liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.56B	3.69B	4.24B	4.49B	2.91B	894.00M
Gross Profit	2.28B	2.36B	2.88B	2.93B	1.87B	668.00M
EBITDA	1.84B	118.00M	2.73B	1.20B	5.29B	1.47B
Net Income	-1.80B	-1.06B	-7.97B	3.03B	4.58B	-108.00M
Balance Sheet
Total Assets	56.51B	61.78B	64.85B	90.86B	92.24B	18.67B
Cash, Cash Equivalents and Short-Term Investments	314.00M	586.00M	429.00M	2.08B	571.00M	15.00M
Total Debt	30.66B	32.97B	34.71B	49.54B	47.83B	9.85B
Total Liabilities	37.66B	40.27B	42.83B	59.55B	58.30B	11.40B
Stockholders Equity	18.85B	21.51B	22.00B	31.27B	33.34B	7.28B
Cash Flow
Free Cash Flow	662.00M	920.00M	718.00M	2.19B	927.00M	367.00M
Operating Cash Flow	972.00M	920.00M	718.00M	2.23B	1.19B	370.00M
Investing Cash Flow	2.15B	1.67B	13.83B	-1.29B	-954.00M	-2.02B
Financing Cash Flow	-3.38B	-2.44B	-15.10B	-583.00M	356.00M	1.65B

Corem Property Group AB Class A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.38
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CORE.A, the sentiment is Neutral. The current price of 4.38 is above the 20-day moving average (MA) of 4.14, above the 50-day MA of 4.27, and below the 200-day MA of 4.89, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.38 is Neutral, neither overbought nor oversold. The STOCH value of 84.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
PLAZ.B	75 Outperform	kr8.65B	12.41	5.26%	2.91%	8.42%	―
SFAST	70 Neutral	kr4.07B	11.53	6.08%	1.83%	-2.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BRIN.B	62 Neutral	kr3.48B	21.13	2.27%	―	51.80%	―
CORE.A	46 Neutral	€7.39B	-2.98	-8.81%	2.43%	-6.30%	52.27%
SBB.B	44 Neutral	kr7.55B	63.11	1.23%	―	-11.38%	―

Corem Property Group AB Class A Corporate Events

Corem Property Group to Divest 417 Park Avenue Property in Strategic Move

Corem Property Group has signed a letter of intent to sell its property at 417 Park Avenue in New York to a U.S.-based real estate developer. This divestment is expected to result in a net income effect of approximately SEK -1 billion but will provide a positive liquidity effect of about SEK 2.3 billion. The sale aligns with Corem’s strategy to concentrate on the Swedish real estate market, reducing development and market risks while freeing up capital for more efficient allocation.

Corem Property Group Navigates Challenges with Strategic Moves

Corem Property Group reported a challenging financial performance for the first nine months of 2025, with declines in income, operating surplus, and profit from property management. Despite these challenges, the company has been actively managing its portfolio and financial obligations, including redeeming bonds and issuing new green bonds. Strategic divestments have been made to streamline operations and focus on long-term goals, with significant property sales in Sweden and the US. The company remains optimistic about future market conditions, supported by recent interest rate cuts and signs of economic stabilization.