Corem Property Group (DB:BJVC) - Stock Price, News & Analysis

BJVC Stock Overview

A real estate company, owns, manages, and develops industrial, warehouse, logistics, and retail properties in the Nordic region.

About the company

BJVC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	1/6

Rewards

Earnings are forecast to grow 120.32% per year

Risk Analysis

Interest payments are not well covered by earnings

Volatile share price over the past 3 months

Corem Property Group AB (publ) Competitors

Adler Real Estate

XTRA:ADL

€980.4m

Deutsche EuroShop

XTRA:DEQ

€1.7b

GAG Immobilien

HMSE:GWK3

€888.5m

Grand City Properties

XTRA:GYC

€1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Corem Property Group
Historical stock prices
Current Share Price	kr0.74
52 Week High	kr0.95
52 Week Low	kr0.47
Beta	1.22
11 Month Change	-1.87%
3 Month Change	-15.79%
1 Year Change	47.20%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-58.42%

Recent updates

Shareholder Returns

	BJVC	DE Real Estate	DE Market
7D	1.9%	-1.4%	0.008%
1Y	47.2%	12.2%	3.1%

Return vs Industry: BJVC exceeded the German Real Estate industry which returned 11.7% over the past year.

Return vs Market: BJVC exceeded the German Market which returned 3.1% over the past year.

Price Volatility

Is BJVC's price volatile compared to industry and market?
BJVC volatility
BJVC Average Weekly Movement	7.8%
Real Estate Industry Average Movement	5.4%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	10.4%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: BJVC's share price has been volatile over the past 3 months.

Volatility Over Time: BJVC's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1993	278	Rutger Arnhult	www.corem.se

Corem Property Group AB (publ), a real estate company, owns, manages, and develops industrial, warehouse, logistics, and retail properties in the Nordic region. The company owns 458 properties with a total lettable area of 3,195 thousand square kilometers. Corem Property Group AB (publ) was incorporated in 1993 and is headquartered in Stockholm, Sweden.

Corem Property Group AB (publ) Fundamentals Summary

How do Corem Property Group's earnings and revenue compare to its market cap?
BJVC fundamental statistics
Market cap	€1.24b
Earnings (TTM)	-€643.20m
Revenue (TTM)	€251.93m

3.3x

P/S Ratio

-1.3x

P/E Ratio

Is BJVC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BJVC income statement (TTM)
Revenue	kr2.83b
Cost of Revenue	kr1.34b
Gross Profit	kr1.49b
Other Expenses	kr8.73b
Earnings	-kr7.23b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 12, 2024

Earnings per share (EPS)	-6.58
Gross Margin	52.66%
Net Profit Margin	-255.31%
Debt/Equity Ratio	148.4%

How did BJVC perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

-2%

Payout Ratio

Does BJVC pay a reliable dividends?

See BJVC dividend history and benchmarks

When do you need to buy BJVC by to receive an upcoming dividend?
Corem Property Group dividend dates
Ex Dividend Date	Jun 27 2024
Dividend Pay Date	Jul 03 2024
Days until Ex dividend	3 days
Days until Dividend pay date	9 days

Does BJVC pay a reliable dividends?

See BJVC dividend history and benchmarks

BJVC Stock Overview

Rewards

Risk Analysis

Corem Property Group AB (publ) Competitors

XTRA:ADL

€980.4m

XTRA:DEQ

€1.7b

HMSE:GWK3

€888.5m

XTRA:GYC

€1.8b

Price History & Performance

Recent News & Updates

Now 25% overvalued

Now 22% overvalued

First quarter 2024 earnings released

Corem Property Group AB (Publ) Approves Dividend for the 2023 Financial Year on Ordinary Share of Class A and Class B

Dividend of kr0.02 announced

Upcoming dividend of kr0.10 per share

Recent updates

Now 25% overvalued

Now 22% overvalued

First quarter 2024 earnings released

Corem Property Group AB (Publ) Approves Dividend for the 2023 Financial Year on Ordinary Share of Class A and Class B

Dividend of kr0.02 announced

Upcoming dividend of kr0.10 per share

Full year 2023 earnings released: kr77.21 loss per share (vs kr1.77 loss in FY 2022)

Corem Property Group AB (publ) Proposes Dividend for its Ordinary Share of Class D

Upcoming dividend of kr0.10 per share at 3.9% yield

New major risk - Revenue and earnings growth

Corem Property Group AB (publ) to Report Fiscal Year 2023 Results on Feb 21, 2024

Third quarter 2023 earnings released

An unknown buyer acquired portfolio of 24 properties from Corem Property Group AB (publ) (OM:CORE A) for SEK 1160 million.

Upcoming dividend of kr0.10 per share at 5.1% yield

Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ)

Second quarter 2023 earnings released

An unknown buyer signed an agreement to acquire rentable property in Linköping from Corem Property Group AB (publ) (OM:CORE A).

Upcoming dividend of kr0.10 per share at 6.7% yield

Areim Ab acquired Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals.

An unknown buyer signed an agreement to acquire Two properties in Gothenburg from Corem Property Group AB (publ) for SEK 111 million.

An unknown buyer signed an agreement to acquire Two properties in Gothenburg from Corem Property Group AB (publ) for SEK 111 million.

Less than half of directors are independent

First quarter 2023 earnings released

Upcoming dividend of kr0.10 per share at 5.0% yield

Full year 2022 earnings released: kr1.77 loss per share (vs kr5.85 profit in FY 2021)

An unknown buyer acquired a 2.5% stake in Castellum AB (publ) from Corem Property Group AB (publ) for SEK 1.3 billion.

An unknown buyer signed a contract to acquire property in Denmark from Corem Property Group AB (publ) (OM:CORE A) for SEK106 million.

An unknown buyer agreed to acquire Partille 4:2 and Partille 4:25 from Corem Property Group AB (publ) (OM:CORE A).

Upcoming dividend of kr0.10 per share

Investor sentiment improved over the past week

Third quarter 2022 earnings released

An Unknown buyer has signed a contract to acquire Stockholm Konsumenten 3 from Corem Property Group AB (publ) (OM:CORE A) for SEK 125 million.

Upcoming dividend of kr0.10 per share

An unknown buyer signed an agreement to acquire 7 properties in Sweden from Corem Property Group AB (publ) (OM:CORE A) for SEK 200 million.

Second quarter 2022 earnings released

Corem Property Group AB (publ) to Report Fiscal Year 2022 Results on Feb 21, 2023

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Corem Property Group AB (Publ) Announces Board Appointment

An Unknown buyer agreed to acquire Löplinan 7 in Malmö from Corem Property Group AB (publ) (OM:CORE A).

Corem Property Group AB (Publ) Proposes Dividend for Ordinary Shares, Payable on 5 July, 2022, 5 October, 2022, 4 January, 2023 and 5 April, 2023

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Corem Property Group AB (Publ) Proposes Dividend for Class A, B and Class D Shares, Payable on 5 April 2022

Shareholder Returns

Price Volatility

About the Company

Corem Property Group AB (publ) Fundamentals Summary

3.3x

-1.3x

Earnings & Revenue

Dividends

1.2%

-2%