Reported Earnings • Jul 12
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: kr787.0m (down 12% from 2Q 2025). Net income: kr7.00m (up kr504.0m from 2Q 2025). Profit margin: 0.9% (up from net loss in 2Q 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jul 10
Corem Property Group AB (publ) to Report Fiscal Year 2026 Results on Feb 12, 2027 Corem Property Group AB (publ) announced that they will report fiscal year 2026 results on Feb 12, 2027 Declared Dividend • Jul 05
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 29th September 2026 Payment date: 5th October 2026 Dividend yield will be 9.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Jun 25
Upcoming dividend of kr0.02 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 03 July 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.1%). Declared Dividend • May 21
First quarter dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 29th June 2026 Payment date: 3rd July 2026 Dividend yield will be 8.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 21
Corem Property Group AB (publ), Annual General Meeting, Apr 24, 2026 Corem Property Group AB (publ), Annual General Meeting, Apr 24, 2026. Announcement • Sep 13
Corem Property Group AB (publ) announced that it has received SEK 11.365 million in funding Corem Property Group AB (publ) announced a private placement to issue 2,500,000 class B shares at an issue price of SEK 4.546 for gross proceeds of SEK 11,365,000 on September 12, 2025. The transaction includes participation from Rutger Arnhult. Announcement • Feb 14
Corem Property Group AB (publ), Annual General Meeting, Apr 23, 2025 Corem Property Group AB (publ), Annual General Meeting, Apr 23, 2025. Reported Earnings • Oct 24
Third quarter 2024 earnings released: kr0.36 loss per share (vs kr1.99 loss in 3Q 2023) Third quarter 2024 results: kr0.36 loss per share (improved from kr1.99 loss in 3Q 2023). Revenue: kr898.0m (down 11% from 3Q 2023). Net loss: kr275.0m (loss narrowed 87% from 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Declared Dividend • Sep 29
Dividend of kr0.03 announced Shareholders will receive a dividend of kr0.03. Ex-date: 30th December 2024 Payment date: 7th January 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Sep 20
Upcoming dividend of kr0.02 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 03 October 2024. The company is not currently making a profit and its cash payout ratio is 92%. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.4%). New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Announcement • Jul 20
Corem Property Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.019579 billion. Corem Property Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.019579 billion.
Security Name: Class B Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,560,333
Price\Range: SEK 9.6
Security Name: Class B Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,645,832
Price\Range: SEK 9.6
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.15 (vs kr1.65 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.15 (up from kr1.65 loss in 2Q 2023). Net income: kr165.0m (up kr1.98b from 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 28
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 27th September 2024 Payment date: 3rd October 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Buy Or Sell Opportunity • May 28
Now 25% overvalued Over the last 90 days, the stock has fallen 3.1% to €0.76. The fair value is estimated to be €0.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 09
Now 22% overvalued Over the last 90 days, the stock has fallen 15% to €0.75. The fair value is estimated to be €0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr940.0m (down 26% from 1Q 2023). Net loss: kr159.0m (loss narrowed 82% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Declared Dividend • Apr 08
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 27th June 2024 Payment date: 3rd July 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Mar 20
Upcoming dividend of kr0.10 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 04 April 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 22
Full year 2023 earnings released: kr77.21 loss per share (vs kr1.77 loss in FY 2022) Full year 2023 results: kr77.21 loss per share (further deteriorated from kr1.77 loss in FY 2022). Revenue: kr4.24b (up 17% from FY 2022). Net loss: kr7.97b (loss widened 309% from FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Announcement • Feb 21
Corem Property Group AB (publ) Proposes Dividend for its Ordinary Share of Class D Corem Property Group AB (publ) announced the board of directors proposed at AGM a dividend of SEK 20.00 (20.00) per ordinary share of class D, to be paid in four instalments of SEK 5.00 (5.00) per share. Upcoming Dividend • Dec 21
Upcoming dividend of kr0.10 per share at 3.9% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 04 January 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%). New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Announcement • Oct 29
Corem Property Group AB (publ) to Report Fiscal Year 2023 Results on Feb 21, 2024 Corem Property Group AB (publ) announced that they will report fiscal year 2023 results on Feb 21, 2024 Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr1.01b (flat on 3Q 2022). Net loss: kr2.19b (loss widened kr1.97b from 3Q 2022). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany. Announcement • Oct 27
An unknown buyer acquired portfolio of 24 properties from Corem Property Group AB (publ) (OM:CORE A) for SEK 1160 million. An unknown buyer acquired portfolio of 24 properties from Corem Property Group AB (publ) (OM:CORE A) for SEK 1160 million on October 25, 2023. The transaction is expected to complete on November 29, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of kr0.10 per share at 5.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.4%). Announcement • Aug 18
Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) Nrep Ab agreed to acquire Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) for SEK 2.5 billion on July 3, 2023. As of July 17, 2023, the transaction is expected to be closed by August 2023.Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) on August 17, 2023. Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr1.05b (down 1.0% from 2Q 2022). Net loss: kr1.82b (down kr1.89b from profit in 2Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 27% decline forecast for the Real Estate industry in Germany. Announcement • Jul 08
An unknown buyer signed an agreement to acquire rentable property in Linköping from Corem Property Group AB (publ) (OM:CORE A). An unknown buyer signed an agreement to acquire rentable property in Linköping from Corem Property Group AB (publ) (OM:CORE A) on July 7, 2023. Upcoming Dividend • Jun 22
Upcoming dividend of kr0.10 per share at 6.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%). Announcement • Jun 17
Areim Ab acquired Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals. Areim Ab acquired Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals on June 16, 2023. Areim Ab completed the acquisition of Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals on June 16, 2023. Announcement • Jun 01
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 on May 30, 2023. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Magnus Uggla was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr1.17b (up 6.4% from 1Q 2022). Net loss: kr896.0m (down 152% from profit in 1Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Upcoming Dividend • Mar 23
Upcoming dividend of kr0.10 per share at 5.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 April 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%). Reported Earnings • Feb 23
Full year 2022 earnings released: kr1.77 loss per share (vs kr5.85 profit in FY 2021) Full year 2022 results: kr1.77 loss per share (down from kr5.85 profit in FY 2021). Revenue: kr3.63b (up 25% from FY 2021). Net loss: kr1.95b (down 144% from profit in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Announcement • Feb 12
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 acquired a 2.5% stake in Castellum AB (publ) from Corem Property Group AB (publ) for SEK 1.3 billion on February 10, 2023.An unknown buyer completed the acquisition of a 2.5% stake in Castellum AB (publ) from Corem Property Group AB (publ) on February 10, 2023. Announcement • Jan 17
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 signed a contract to acquire property in Denmark from Corem Property Group AB (publ) (OM:CORE A) for SEK106 million on January 16, 2023. Transfer of possession is planned to be on February 10, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of kr0.10 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 04 January 2023. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.5%). Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 19% share price gain to €1.04, the stock trades at a trailing P/E ratio of 3.6x. Average forward P/E is 12x in the Real Estate industry in Germany. Total loss to shareholders of 65% over the past year. Reported Earnings • Oct 26
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr1.11b (up 3.6% from 3Q 2021). Net loss: kr219.0m (down 122% from profit in 3Q 2021). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Upcoming Dividend • Sep 22
Upcoming dividend of kr0.10 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 0.9% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Reported Earnings • Jul 14
Second quarter 2022 earnings released Second quarter 2022 results: Net income: kr75.0m (down 93% from 2Q 2021). Announcement • Jul 14
Corem Property Group AB (publ) to Report Fiscal Year 2022 Results on Feb 21, 2023 Corem Property Group AB (publ) announced that they will report fiscal year 2022 results on Feb 21, 2023 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.44, the stock trades at a trailing P/E ratio of 2.9x. Average forward P/E is 8x in the Real Estate industry in Germany. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 25% share price gain to €2.07, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Real Estate industry in Germany. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 17% share price gain to €2.58, the stock trades at a trailing P/E ratio of 7x. Average forward P/E is 9x in the Real Estate industry in Germany. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr5.62 (up from kr0.52 loss in FY 2020). Revenue: kr2.81b (up 214% from FY 2020). Net income: kr4.16b (up kr4.34b from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 61% compared to a 27% decline forecast for the industry in Germany.