Platzer Fastigheter Holding AB Class B (SE:PLAZ.B)
:PLAZ.B
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Platzer Fastigheter Holding AB
(PLAZ.B)
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Rating:65Neutral
Price Target:
kr79.00
▲(3.95% Upside)
Action:Reiterated
Date:04/18/26
The score is driven primarily by mixed financial performance—strong current profitability and positive TTM free cash flow offset by leverage and notable revenue/earnings volatility. Technicals add support with an established uptrend and positive momentum, while valuation is reasonable with a moderate P/E but only a modest dividend yield.
Positive Factors
Recurring rental income & development model
A core business of long-term leases creates recurring, contractually backed rental cash flows that are resilient over time. Complementary property development and value‑add activities offer organic rent and NAV upside, enabling durable earnings growth and value creation across property cycles.
Negative Factors
Meaningful leverage
Net leverage near 1.1x increases sensitivity to interest rates and property revaluations, constraining financial flexibility. In a rising‑rate or weaker property market, debt servicing and refinancing needs can pressure cash flow and limit the company's ability to pursue development or acquisitions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income & development model
A core business of long-term leases creates recurring, contractually backed rental cash flows that are resilient over time. Complementary property development and value‑add activities offer organic rent and NAV upside, enabling durable earnings growth and value creation across property cycles.
Read all positive factors
Platzer Fastigheter Holding AB (PLAZ.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr8.10B
Dividend Yield2.91%
Average Volume (3M)182.23K
Price to Earnings (P/E)10.3
Beta (1Y)0.53
Revenue Growth1.52%
EPS Growth153.52%
CountrySE
Employees84
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)6.55
Shares Outstanding99,934,290
10 Day Avg. Volume148,979
30 Day Avg. Volume182,231
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.67
Price to Sales (P/S)5.09
P/FCF Ratio14.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr80.00Price Target Upside5.26% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.32
Revenue Forecast (FY)kr1.75B
Platzer Fastigheter Holding AB Business Overview & Revenue Model
Company Description
Operating within Sweden, Platzer Fastigheter Holding AB (publ) is a specialized commercial real estate firm. The company's core activities span the acquisition, enhancement, rental, and oversight of commercial properties, predominantly including o...
How the Company Makes Money
Platzer Fastigheter makes money primarily by leasing space in its commercial properties to tenants and collecting rental income under lease agreements. This rental income is supplemented by recoveries and service charges (where applicable) related...
Platzer Fastigheter Holding AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.74B | 1.75B | 1.67B | 1.45B | 1.23B | 1.20B |
| Gross Profit | 1.36B | 1.38B | 1.31B | 1.13B | 940.00M | 923.00M |
| EBITDA | 1.29B | 1.40B | 1.25B | 1.08B | 898.00M | 2.32B |
| Net Income | 781.00M | 698.00M | 355.00M | -943.00M | 3.03B | 1.71B |
Balance Sheet | ||||||
| Total Assets | 31.97B | 31.60B | 32.02B | 29.77B | 29.46B | 26.96B |
| Cash, Cash Equivalents and Short-Term Investments | 227.00M | 156.00M | 391.00M | 167.00M | 217.00M | 171.00M |
| Total Debt | 15.04B | 14.96B | 15.87B | 13.98B | 11.85B | 12.46B |
| Total Liabilities | 18.80B | 18.38B | 19.42B | 17.29B | 15.47B | 15.89B |
| Stockholders Equity | 13.17B | 13.22B | 12.60B | 12.48B | 14.00B | 11.07B |
Cash Flow | ||||||
| Free Cash Flow | 652.00M | 611.00M | 925.00M | 604.00M | -626.00M | 675.00M |
| Operating Cash Flow | 652.00M | 611.00M | 925.00M | 604.00M | 616.00M | 686.00M |
| Investing Cash Flow | -118.00M | 394.00M | -2.33B | -2.49B | 1.24B | -2.33B |
| Financing Cash Flow | -445.00M | -1.24B | 1.63B | 1.83B | -1.81B | 1.67B |
Platzer Fastigheter Holding AB Technical Analysis
Negative
76.00
Price Trends
70.86
Negative
71.25
Negative
71.00
Negative
Market Momentum
-0.98
Positive
34.93
Neutral
14.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PLAZ.B, the sentiment is Negative. The current price of 76 is above the 20-day moving average (MA) of 70.53, above the 50-day MA of 70.86, and above the 200-day MA of 71.00, indicating a bearish trend. The MACD of -0.98 indicates Positive momentum. The RSI at 34.93 is Neutral, neither overbought nor oversold. The STOCH value of 14.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:PLAZ.B.
Platzer Fastigheter Holding AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | kr8.10B | 10.29 | 5.43% | 2.91% | 1.52% | 153.52% | |
64 Neutral | kr4.14B | 8.96 | 6.08% | 1.80% | 4.16% | 188.26% | |
61 Neutral | kr2.97B | 17.22 | 1.13% | ― | 92.77% | 115.97% | |
53 Neutral | kr5.30B | -1.03 | ― | 8.13% | -7.75% | -198.50% | |
44 Neutral | kr5.30B | -1.03 | -8.81% | 2.28% | -7.75% | -198.50% | |
44 Neutral | kr5.39B | -1.78 | -11.80% | ― | -22.67% | 97.81% |
* Real Estate Sector Average
SE:PLAZ.B
Platzer Fastigheter Holding AB
67.60
-9.54
-12.37%
SE:BRIN.B
Brinova Fastigheter AB Class B
12.90
-4.15
-24.34%
SE:SFAST
Stenhus Fastigheter i Norden AB
12.38
1.50
13.73%
SE:CORE.A
Corem Property Group AB Class A
3.35
-1.93
-36.52%
SE:SBB.B
Samhallsbyggnadsbolaget I Norden AB Class B
3.13
-3.19
-50.52%
SE:CORE.D
Corem Property Group AB Class D
230.50
7.73
3.47%
Platzer Fastigheter Holding AB Corporate Events
Platzer Posts Stable Q1 as Gothenburg Deals Boost Industrial and Office Footprint
Apr 17, 2026
Platzer reported a mixed but strategically positive first quarter of 2026, with rental income down 2% to SEK 435 million and operating surplus down 4% to SEK 333 million, while income from property management inched up 1% to SEK 196 million and ne...
Platzer launches SEK 200m share buyback to fine-tune capital structure
Apr 17, 2026
Platzer Fastigheter Holding AB has launched a share buyback programme of up to SEK 200 million in Class B shares on Nasdaq Stockholm, under a mandate granted by its 2026 annual general meeting. The board aims to optimise the company’s capita...
Platzer Reshapes Arendal Portfolio in SEK 684m Asset Swap with Port of Gothenburg
Mar 31, 2026
Platzer Fastigheter has agreed a combined asset swap with the Port of Gothenburg, under which it will divest land, water areas and 61,000 square metres of office properties in Arendal and logistics building rights of 22,000 square metres, while ac...
Platzer Publishes 2025 Annual and Sustainability Report Focused on Gothenburg Growth
Mar 27, 2026
Platzer has published its 2025 Annual and Sustainability Report, which outlines the company’s financial performance, risk management, governance structure and strategic focus areas, including efficient financing and its equity and cash flow ...
Platzer AGM Approves Dividend, New Board Mandates and Expanded Capital Flexibility
Mar 24, 2026
Platzer Fastigheter Holding AB’s 2026 Annual General Meeting approved the 2025 accounts and set a dividend of SEK 2.20 per share, to be paid in two instalments, while granting discharge from liability to the board and CEO. The meeting also c...
Platzer publishes 2025 annual report and sets March 2026 AGM
Feb 26, 2026
Platzer Fastigheter has released its Swedish-language Annual Report for 2025, detailing the year’s performance along with its directors’, corporate governance and sustainability reports. An English version of the report will follow at ...
Platzer calls 2026 AGM with expanded postal voting options
Feb 16, 2026
Platzer Fastigheter Holding AB has convened its Annual General Meeting for 24 March 2026 at its Mimo property in Mölndal, inviting shareholders to attend in person at Mindpark’s premises. The company underscores its intention to host sh...
Platzer Lifts Earnings and Dividend as Gothenburg Property Portfolio Holds Firm
Jan 30, 2026
Platzer reported steady full-year 2025 growth, with rental income up 5% to SEK 1,747 million and income from property management up 11% to SEK 795 million, while the operating surplus also grew 5%. Despite slightly negative net lettings for the ye...
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.