Update shared on24 Jul 2025
Fair value Increased 10%Catena's price target was raised to SEK508.00, reflecting stronger profitability from a higher net profit margin and improved value with a lower future P/E multiple.
What's in the News
- Catena agreed to acquire a logistics property in Jönköping, Sweden for SEK 1,275 million, expanding management to over 200,000 m² in the Torsvik industrial area, fully leased to Elgiganten until 2033, with expected net operating income of SEK 80 million.
- Through joint venture Sörred Logistic Park, Catena and Platzer sold a fully let logistics property in Gothenburg to Savills IM's fund for SEK 385 million; the property has a 10-year lease with Volvo Personvagnar AB and features BREEAM-SE Excellent certification and a photovoltaic system.
- Catena extended its lease with Boozt at the Norra Varalov property in Ängelholm by five years (until 2037) in connection with a 5,850 m² logistics facility extension, targeting completion in Q2 2026.
- Catena acquired a facility in Brøndby, Greater Copenhagen for DKK 285 million, with PostNord as tenant under lease until 2035; estimated net operating income is DKK 16.7 million.
- Catena resolved to pay a dividend of SEK 9.00 per share in 2025, split into two payments of SEK 4.50 each.
Valuation Changes
Summary of Valuation Changes for Catena
- The Consensus Analyst Price Target has significantly risen from SEK461.59 to SEK508.00.
- The Net Profit Margin for Catena has significantly risen from 38.72% to 43.83%.
- The Future P/E for Catena has significantly fallen from 37.21x to 32.52x.
Disclaimer
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