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Logistea AB Class A (SE:LOGI.A)
:LOGI.A

Logistea AB Class A (LOGI.A) AI Stock Analysis

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SE:LOGI.A

Logistea AB Class A

(LOGI.A)

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Neutral 64 (OpenAI - 5.2)
Rating:64Neutral
Price Target:
kr15.00
▲(9.09% Upside)
Action:DowngradedDate:02/20/26
The score is driven primarily by improving but still risk-moderate financials (profitability rebound offset by leverage and uneven cash conversion). Valuation is a key positive (low P/E and high dividend yield), while technical indicators are a drag due to below-average trend positioning and slightly negative momentum.
Positive Factors
Revenue Growth
A 52% revenue growth rate indicates the company is scaling its rental and development activities, reflecting durable tenant demand for logistics properties. Sustained top-line expansion improves cash flow potential and economies of scale across property management and development operations.
Profitability Rebound
A rebound to strong gross and net margins after prior losses suggests operational improvements and better portfolio yield. If driven by stabilized occupancy and higher rents, this supports long-term earnings generation and the ability to fund capex, distributions, and reinvestment.
Improved Cash Generation
Transitioning from negative to positive operating and free cash flow through 2022–2025 indicates stronger, more repeatable cash conversion from core leasing operations. This enhances capacity to service debt, finance development, and support recurring distributions over multiple years.
Negative Factors
Meaningful Leverage
A roughly 1.0 debt-to-equity ratio denotes a fairly levered capital structure for a property owner, leaving the company exposed to refinancing risk and rising interest rates. High leverage constrains financial flexibility and raises sensitivity to occupancy or rent setbacks.
Uneven Cash Conversion
A decline in free cash flow in 2025 versus 2024 signals inconsistent conversion of earnings into cash. For a capital-intensive real estate operator, variable FCF complicates funding of development, debt service, and dividends, increasing reliance on external financing.
Margin Volatility
Significant year-to-year margin swings and one-off effects reduce confidence in earnings durability. Volatile margins can stem from valuation adjustments or irregular asset sales, making future profit predictability and dividend sustainability more uncertain for long-term investors.

Logistea AB Class A (LOGI.A) vs. iShares MSCI Sweden ETF (EWD)

Logistea AB Class A Business Overview & Revenue Model

Company DescriptionLogistea AB (publ) engages in the real estate business in Sweden. It acquires, operates, and rents warehousing and logistics properties. The company was formerly known as Odd Molly International AB (publ) and changed its name to Logistea AB (publ) in October 2021. Logistea AB (publ) was incorporated in 2002 and is headquartered in Stockholm, Sweden.
How the Company Makes MoneyLogistea generates revenue primarily through leasing logistics properties to tenants in the supply chain and e-commerce sectors. The company earns rental income from long-term leases, which provide stable and recurring cash flow. Additionally, Logistea may engage in property management services, enhancing its revenue streams. Key partnerships with logistics companies and e-commerce platforms further bolster its market position, allowing the company to attract a diverse client base. The increasing demand for efficient logistics solutions, especially in urban environments, supports the growth of Logistea's earnings.

Logistea AB Class A Financial Statement Overview

Summary
Strong recent revenue growth and profitability rebound in 2024–2025, but confidence is tempered by large year-to-year margin swings, meaningful leverage (debt-to-equity ~1.0), and uneven earnings-to-cash conversion with free cash flow down in 2025 vs 2024.
Income Statement
74
Positive
Revenue has scaled materially over the last several years, accelerating into 2024–2025, with 2025 showing strong top-line expansion versus 2024. Profitability is also strong in the most recent periods, with very high gross and net margins and a sharp rebound from the 2023 net loss. The main offset is volatility and potential one-off effects: margins swing dramatically across years (including unusually high EBIT and net margins in earlier periods), which reduces confidence in earnings durability.
Balance Sheet
62
Positive
The balance sheet is asset-backed and has grown alongside the business, but leverage is meaningful. Total debt has risen significantly over time, and debt-to-equity sits around ~1.0 in 2024–2025 after being higher in prior years, implying a fairly levered capital structure for the sector. Equity has expanded and returns on equity improved in 2024–2025 versus 2023, but the overall profile still carries refinancing/interest-rate sensitivity risk given the debt load.
Cash Flow
56
Neutral
Cash generation has improved meaningfully from negative operating and free cash flow in 2020–2021 to positive levels in 2022–2025, which is a clear positive. However, cash flow remains less consistent than earnings: free cash flow declined in 2025 versus 2024, and operating cash flow relative to net income is not consistently strong across the period (suggesting earnings-to-cash conversion can be uneven).
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.08B706.00M371.00M257.00M93.00M
Gross Profit976.00M594.00M276.00M186.00M65.00M
EBITDA1.40B525.00M166.00M490.00M420.00M
Net Income781.00M330.00M-9.00M318.00M301.00M
Balance Sheet
Total Assets17.48B14.96B5.52B4.82B2.91B
Cash, Cash Equivalents and Short-Term Investments485.00M376.00M29.00M52.00M218.00M
Total Debt8.18B6.77B2.49B2.62B1.69B
Total Liabilities9.63B8.14B2.83B2.95B1.86B
Stockholders Equity7.85B6.83B2.68B1.86B1.05B
Cash Flow
Free Cash Flow451.00M213.00M117.00M70.00M-6.00M
Operating Cash Flow451.00M213.00M117.00M76.00M-5.00M
Investing Cash Flow-1.36B-432.00M-410.00M-682.00M-493.00M
Financing Cash Flow1.03B568.00M270.00M440.00M658.00M

Logistea AB Class A Technical Analysis

Technical Analysis Sentiment
Positive
Last Price13.75
Price Trends
50DMA
14.10
Positive
100DMA
14.53
Negative
200DMA
14.87
Negative
Market Momentum
MACD
-0.02
Negative
RSI
52.72
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LOGI.A, the sentiment is Positive. The current price of 13.75 is below the 20-day moving average (MA) of 14.17, below the 50-day MA of 14.10, and below the 200-day MA of 14.87, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:LOGI.A.

Logistea AB Class A Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
kr428.64M9.835.79%4.30%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
65
Neutral
kr496.49M11.081.12%
64
Neutral
kr371.24M9.0311.37%0.72%87.63%436.07%
56
Neutral
kr198.45M38.915.48%-12.37%-53.91%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:LOGI.A
Logistea AB Class A
14.25
-0.30
-2.06%
SE:FNOVA.B
Fortinova Fastigheter AB
28.20
3.00
11.90%
SE:SOLNA
Solnaberg Property AB
114.00
10.53
10.18%
SE:LINKAB
Link Prop Investment AB
135.00
-1.36
-1.00%
SE:BONAS
Bonasudden Holding AB
183.00
12.00
7.02%
SE:KAPIAB
Kallebaeck Property Invest AB
203.00
34.99
20.83%

Logistea AB Class A Corporate Events

Logistea strengthens logistics portfolio with SEK 138 million acquisition of fully leased Swedish properties
Feb 17, 2026

Logistea AB has expanded its logistics and light industrial property portfolio with the completion of an acquisition of three fully leased assets in Karlstad, Kumla and Lindesberg. The properties, held via property-owning companies, have a combined underlying value of SEK 138 million and add 9,378 square meters of lettable area to the group.

The newly acquired buildings, constructed between 2006 and 2023, are in very good condition and primarily comprise refrigeration and freezer storage, warehouse, workshop and office space. They are fully leased to Bama Foods, Arnessons Betongborrning, Maskin Väst and smaller tenants on leases averaging 6.5 years, generating annual rental income of about SEK 10.9 million and shifting most operating and maintenance costs to the tenants, with the transaction financed through a mix of own funds and bank loans.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea Reports Strong 2025 Portfolio Metrics and High Occupancy
Feb 13, 2026

Logistea ended 2025 with a property portfolio valued at approximately 15.7 billion SEK and a rental value of 1,143 million SEK, corresponding to 722 SEK per square meter excluding projects. The company maintains a diversified Nordic and European footprint, with Sweden accounting for 60% of lettable area and long lease durations averaging 9.4 years.

Operationally, Logistea reported a strong economic occupancy rate of 96.9% and a net initial yield of 6.8%, indicating solid income generation from its assets. Financially, the group shows a net loan-to-value ratio of 48.4% and a net reinstatement value of 16.6 SEK per share, while holding a building rights portfolio of 351 thousand square meters that underpins future development potential.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea boosts earnings with 10-year green lease to defence industry tenant in Karlskoga
Feb 11, 2026

Logistea AB has signed a 10-year green lease with a well-established defence industry tenant for 16,408 square metres of production and warehouse space in the Bofors 1:47 property in Karlskoga, at an annual base rent of about SEK 13.3 million. The tenant will assume all operating costs and replace existing occupants, driving an estimated SEK 6 million annual increase in rental income, which Logistea says will strengthen its earnings, extend lease duration and underscore the attractiveness and flexibility of its industrial portfolio.

The agreement reinforces Logistea’s position in the niche of logistics and light industrial properties, while deepening its exposure to a defence-sector tenant in a strategically important industrial area. By securing a long-term green lease with a single large occupier, the company enhances cash-flow visibility, supports its growth strategy and signals continued demand for modern, adaptable industrial premises in Sweden’s regional markets.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea to Present 2025 Year-End Results in Investor Webcast on 13 February
Feb 6, 2026

Logistea AB will publish its Year End Report for 2025 on 13 February at 07:30 CET and on the same day hold a live webcast presentation at 09:00 CET for analysts, media and investors, led by CEO Niklas Zuckerman and CFO Philip Löfgren. The event, which will be accessible via webcast and teleconference with an opportunity for participants to ask questions, underscores the company’s efforts to maintain active capital market communication and transparency around its performance in the logistics and light industrial real estate segment.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea Delivers ESG-Focused Central Warehouse for Intersport Ahead of Schedule
Feb 6, 2026

Logistea has completed and handed over a 31,100 sq.m central warehouse in Forserum, Nässjö, to sporting goods retailer Intersport AB, finishing the SEK 204 million project ahead of schedule and under budget (excluding alterations) with an annual base rent of about SEK 14.7 million. Built with high ESG ambitions and targeting at least BREEAM Excellent certification, the facility features a large solar panel installation, extensive social and training areas including a staff sports hall, and will add an outlet store open to the public, while Intersport’s investment in advanced automation is expected to enhance logistics efficiency, sustainability and employee attractiveness, strengthening both companies’ operational and market positioning.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea Buys SEK 216m Karlskrona Logistics Property Anchored by NKT
Feb 5, 2026

Logistea AB has agreed to acquire two industrial and logistics properties in Karlskrona Municipality, Nättraby 23:73 and 23:76, for an underlying property value of SEK 216 million, with SEK 13 million in deductions including deferred tax. The 19,000-square-metre asset, located adjacent to the E22 motorway about 10 minutes west of central Karlskrona, is mainly leased to cable manufacturer NKT, which accounts for roughly half of the rental value, alongside tenants such as Se-Lo and the National Maritime Museum, and generates annual rental income of about SEK 16.9 million with an average remaining lease term of 5.5 years. The deal, financed through bank loans and existing funds and expected to close in mid-March 2026 subject to regulatory approval, strengthens Logistea’s portfolio with a cash-flow-strong, development-ready property anchored by an existing key tenant, reinforcing the company’s position in the Swedish logistics and light industrial market.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea boosts industrial portfolio with SEK 303m acquisition in Trollhättan and Växjö
Jan 22, 2026

Logistea AB has agreed to acquire two fully leased industrial and logistics properties—Tunnan 1 in Trollhättan and Krysspricken 2 in Växjö—for an underlying property value of SEK 303 million, adding 33,488 sq.m. of lettable area with annual rental income of SEK 21.7 million and an average remaining lease term of 11 years. The assets, leased long term to GKN Aerospace and Gunnebo Industrier, reinforce Logistea’s presence in strong regional markets and are expected to enhance the quality and cash-flow stability of its portfolio, with the transaction to be financed through bank loans and available funds and closing scheduled for 11 February 2026.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea Boosts Rental Income with New 11,000 sqm Lease Deals in Borås and Ljungby
Jan 21, 2026

Logistea has signed new lease agreements totaling 10,910 square meters with existing tenants Londré Textiles, Oxeon and Hårds Transport across properties in Borås and Ljungby, adding SEK 9.4 million in annual rental value and a net rent increase of SEK 2.3 million by filling previously vacant space in Ljungby. The reshuffling and expansion within its portfolio – including Londré’s move to modern premises in Borås, Oxeon’s expansion into space vacated by Londré, and Hårds Transport’s growth in Ljungby – underscores both strong tenant demand and Logistea’s ability to offer flexible, upgraded logistics and industrial facilities, reinforcing its position in key regional markets and supporting tenants’ long‑term growth plans.

The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

Logistea Expands Logistics Portfolio With SEK 138 Million Acquisition of Three Fully Leased Properties
Dec 22, 2025

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.

Logistea Expands Logistics Portfolio With SEK 84 Million Acquisition in Uddevalla and Trollhättan
Dec 18, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 20, 2026