Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Real Estate Sector Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies60
  • 7D-0.5%
  • 3M-3.4%
  • 1Y-9.6%
  • YTD-7.4%

The Real Estate is pretty flat in the last 7 days, but Corem Property Group has stood out, gaining 7.6%. Unfortunately though, the industry is down 9.6% over the past 12 months. As for the next few years, earnings are expected to grow by 6.4% per annum.

Sector Valuation and Performance

Has the Swedish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026SEK 570.3bSEK 122.5bSEK 40.6b11.2x14x4.7x
Sat, 18 Jul 2026SEK 566.9bSEK 125.3bSEK 42.6b11.5x13.3x4.5x
Mon, 15 Jun 2026SEK 565.3bSEK 123.6bSEK 39.3b11.2x14.4x4.6x
Wed, 13 May 2026SEK 565.2bSEK 121.5bSEK 37.8b12.2x15x4.7x
Fri, 10 Apr 2026SEK 580.9bSEK 120.7bSEK 39.5b12x14.7x4.8x
Sun, 08 Mar 2026SEK 597.8bSEK 120.6bSEK 40.3b12.7x14.8x5x
Tue, 03 Feb 2026SEK 607.8bSEK 121.0bSEK 42.4b14.9x14.3x5x
Thu, 01 Jan 2026SEK 607.7bSEK 121.0bSEK 42.6b14.8x14.3x5x
Sat, 29 Nov 2025SEK 608.6bSEK 121.0bSEK 42.6b14.9x14.3x5x
Mon, 27 Oct 2025SEK 646.7bSEK 120.5bSEK 35.4b15.7x18.3x5.4x
Wed, 24 Sep 2025SEK 602.7bSEK 119.9bSEK 30.7b17.2x19.6x5x
Fri, 22 Aug 2025SEK 618.6bSEK 120.1bSEK 29.1b18.6x21.2x5.1x
Sun, 20 Jul 2025SEK 622.5bSEK 129.5bSEK 32.1b18.6x19.4x4.8x
Tue, 17 Jun 2025SEK 621.2bSEK 120.6bSEK 28.6b19x21.7x5.1x
Thu, 15 May 2025SEK 606.9bSEK 121.4bSEK 27.6b18.9x22x5x
Sat, 12 Apr 2025SEK 566.0bSEK 120.3bSEK 16.6b20.2x34.2x4.7x
Mon, 10 Mar 2025SEK 611.3bSEK 121.6bSEK 15.6b20.8x39.1x5x
Wed, 05 Feb 2025SEK 674.9bSEK 119.7b-SEK 27,321,499,135.6428.6x-24.7x5.6x
Fri, 03 Jan 2025SEK 668.1bSEK 119.5b-SEK 28,920,176,306.7929.8x-23.1x5.6x
Sun, 01 Dec 2024SEK 682.7bSEK 118.4b-SEK 28,448,919,472.8530.3x-24x5.8x
Tue, 29 Oct 2024SEK 713.2bSEK 120.3b-SEK 30,670,098,367.9547.8x-23.3x5.9x
Thu, 26 Sep 2024SEK 737.7bSEK 117.5b-SEK 39,868,910,975.7358x-18.5x6.3x
Sat, 24 Aug 2024SEK 715.9bSEK 116.5b-SEK 46,445,904,207.3956.7x-15.4x6.1x
Mon, 22 Jul 2024SEK 701.3bSEK 116.8b-SEK 53,134,912,992.0560x-13.2x6x
Wed, 19 Jun 2024SEK 637.2bSEK 114.6b-SEK 62,015,659,051.7163x-10.3x5.6x
Fri, 17 May 2024SEK 669.5bSEK 115.3b-SEK 62,684,101,940.7546x-10.7x5.8x
Sun, 14 Apr 2024SEK 605.2bSEK 110.1b-SEK 69,331,827,513.0325.4x-8.7x5.5x
Tue, 12 Mar 2024SEK 611.8bSEK 113.1b-SEK 69,817,930,759.7922.1x-8.8x5.4x
Thu, 08 Feb 2024SEK 593.6bSEK 113.8b-SEK 91,266,349,713.9427x-6.5x5.2x
Sat, 06 Jan 2024SEK 628.6bSEK 113.5b-SEK 90,713,089,197.0022.4x-6.9x5.5x
Mon, 04 Dec 2023SEK 567.7bSEK 113.6b-SEK 89,756,519,432.0018.9x-6.3x5x
Wed, 01 Nov 2023SEK 474.6bSEK 109.7b-SEK 87,207,823,583.0022.9x-5.4x4.3x
Fri, 29 Sep 2023SEK 482.2bSEK 110.1b-SEK 78,425,191,042.0017.5x-6.1x4.4x
Sun, 27 Aug 2023SEK 510.5bSEK 109.7b-SEK 77,308,232,363.0019.5x-6.6x4.7x
Price to Earnings Ratio

-6.6x


Total Market Cap: SEK 510.5bTotal Earnings: -SEK 77,308,232,363.00Total Revenue: SEK 109.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Real Estate Sector Price to Earnings3Y Average 2.8x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.0x which is higher than its 3-year average PE of 2.7x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 3.7% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Swedish Real Estate sector?

SE Market-1.27%
Real Estate-0.52%
Real Estate-0.52%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 2.7x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 52.2% per year.
  • Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 6.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CORE A Corem Property GroupSEK 4.107.6%
+SEK 362.1m		-25.2%PS1.6x
PUBLI PPI Public Property InvestSEK 18.841.1%
+SEK 198.6m		n/aPE44.3x
EMIL B Fastighetsbolaget EmilshusSEK 51.901.6%
+SEK 134.6m		8.8%PE14.4x
PRISMA Prisma PropertiesSEK 25.302.0%
+SEK 81.8m		3.1%PE9.2x
ANNE B Annehem FastigheterSEK 17.005.6%
+SEK 75.5m		-6.2%PE138.5x

Latest News

CORE A
SEK 4.10
Corem Property Group
7D
7.6%
1Y
-25.2%
GPG
SEK 38.00
Genova Property Group
7D
3.5%
1Y
-9.1%
BALD B
SEK 52.72
Fastighets AB Balder
7D
-2.6%
1Y
-22.9%
Narrative Update • Aug 06

BALD B: Share Buybacks And New Leadership Will Shape A Measured Outlook

Analysts have revised their fair value estimate for Fastighets AB Balder from SEK 60.00 to SEK 55.00 as they recalibrate assumptions around future profit margins and P/E levels, while keeping the discount rate unchanged. What’s in the News for Fastighets AB Balder Fastighets AB Balder reported that from April 1, 2026 to June 30, 2026 it repurchased 9,750,000 shares, representing 0.83% of the company, for SEK 554 million under its ongoing share buyback program.
CAST
SEK 135.35
Castellum
7D
-1.0%
1Y
20.5%
Narrative Update • Aug 03

CAST: Heavy Reliance On Buybacks Will Strain Weaker Future Earnings Base

Analysts have lifted the Castellum fair value estimate from about SEK 105 to roughly SEK 115. This reflects updated views that share buybacks and asset sales supporting these buybacks help offset pressure on earnings and profit margins, with Street price targets now broadly clustered in the SEK 125 to SEK 146 range and mostly tied to valuation.
SVEAF
SEK 31.00
Sveafastigheter
7D
-5.6%
1Y
-18.8%
Analysis Article • Jul 24

Investors Shouldn't Be Too Comfortable With Sveafastigheter's (STO:SVEAF) Earnings

Last week's profit announcement from Sveafastigheter AB (publ) ( STO:SVEAF ) was underwhelming for investors, despite...
PNDX B
SEK 171.80
Pandox
7D
-1.9%
1Y
-0.7%
FASTAT
SEK 0.34
Aktiebolaget Fastator
7D
14.2%
1Y
-61.5%
PUBLI
SEK 18.84
PPI Public Property Invest
7D
1.1%
1Y
n/a
WALL B
SEK 40.98
Wallenstam
7D
-2.5%
1Y
-9.5%
Narrative Update • Jul 17

WALL B: Lower Risk Assumptions And Asset Sales Will Pressure Returns

Analysts have raised their price target for Wallenstam from SEK 35.0 to SEK 37.0, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as support for the new valuation. What’s in the News for Wallenstam Wallenstam has agreed to sell all of its wind farms to Locus Energy, covering 53 wind turbines with an installed capacity of 112 MW, in a company transaction that values the wind assets at SEK 830 million.
EMIL B
SEK 51.90
Fastighetsbolaget Emilshus
7D
1.6%
1Y
8.8%
PRISMA
SEK 25.30
Prisma Properties
7D
2.0%
1Y
3.1%
Analysis Article • Jul 15

The Prisma Properties AB (publ) (STO:PRISMA) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Investors in Prisma Properties AB (publ) ( STO:PRISMA ) had a good week, as its shares rose 7.1% to close at kr25.50...
SAGA A
SEK 165.00
AB Sagax
7D
-0.6%
1Y
-22.5%
CATE
SEK 388.20
Catena
7D
-2.9%
1Y
-14.6%
WIHL
SEK 79.00
Wihlborgs Fastigheter
7D
-2.6%
1Y
-17.5%
Narrative Update • Jul 09

WIHL: Major Property Acquisition Will Support Future Rental Income And Returns

Analysts have lowered their price target for Wihlborgs Fastigheter from SEK 100.43 to SEK 94.14 as they factor in updated assumptions for the discount rate, revenue growth, profit margin and future P/E levels. What's in the News Wihlborgs Fastigheter agreed to acquire Castellum's entire property portfolio in Malmö, Lund and Helsingborg, covering 95 properties and 635,000 square metres of lettable space at an underlying property value of SEK 13,300m, subject to approvals by the Swedish Competition Authority and the Inspectorate of Strategic Products (source: Key Developments).
TINGS A
SEK 53.00
Tingsvalvet Fastighets
7D
1.9%
1Y
79.1%
ANNE B
SEK 17.00
Annehem Fastigheter
7D
5.6%
1Y
-6.2%
Analysis Article • May 15

There May Be Some Bright Spots In Annehem Fastigheter's (STO:ANNE B) Earnings

Soft earnings didn't appear to concern Annehem Fastigheter AB's ( STO:ANNE B ) shareholders over the last week. We...