Declared Dividend • Jul 19
Dividend of kr0.55 announced Shareholders will receive a dividend of kr0.55. Ex-date: 12th October 2026 Payment date: 16th October 2026 Dividend yield will be 11%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 78% to bring the payout ratio under control. EPS is expected to grow by 207% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 07
Second quarter 2026 earnings released: EPS: kr1.23 (vs kr0.37 loss in 2Q 2025) Second quarter 2026 results: EPS: kr1.23 (up from kr0.37 loss in 2Q 2025). Revenue: kr1.12b (up 16% from 2Q 2025). Net income: kr387.0m (up kr504.0m from 2Q 2025). Profit margin: 35% (up from net loss in 2Q 2025). Revenue is forecast to stay flat 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 105% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 06
Upcoming dividend of kr0.55 per share Eligible shareholders must have bought the stock before 13 July 2026. Payment date: 17 July 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.9%). Declared Dividend • May 20
Dividend of kr0.55 announced Shareholders will receive a dividend of kr0.55. Ex-date: 13th July 2026 Payment date: 17th July 2026 Dividend yield will be 9.7%, 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 (34% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Mar 17
Fabege AB (Publ) Proposes Dividend for the Year 2025, Payable on April 23, 2026, July 17, 2026, October 16, 2026 and January 15, 2027 The board of directors of Fabege AB (publ) proposes that the Annual General Meeting resolves to approve a dividend for 2025 of SEK 2.20 per share to be disbursed on four occasions, each of SEK 0.55 per share. The record dates for receipt of dividend are proposed to be 20 April 2026, 14 July 2026, 13 October 2026 and 12 January 2027.Should the Annual General Meeting resolve to approve the said motion, the dividend is scheduled to be distributed by Euroclear Sweden AB on 23 April 2026, 17 July 2026, 16 October 2026 and 15 January 2027. Announcement • Feb 06
Fabege AB (Publ) Proposes Dividend for January to December 2025 The board of Fabege AB (publ) proposed a dividend of SEK 2.20 per share (2.00) for January to December 2025, to be paid quarterly in the amount of SEK 0.55 per share on each occasion. Announcement • Jan 16
Fabege AB (publ) Announces Resignation of Board Member Tomas Eriksson, Effective January 15, 2026 Fabege AB (publ) announced that Tomas Eriksson, board member of Fabege, has informed the chairman of the board that he wishes to resign from his position as board member of Fabege. Tomas Eriksson is leaving Fabege's board of directors effective January 15, 2026 after accepting an assignment in a competing business. Announcement • Oct 02
Fabege AB (publ), Annual General Meeting, Apr 16, 2026 Fabege AB (publ), Annual General Meeting, Apr 16, 2026, at 15:00 W. Europe Standard Time. Announcement • Mar 25
Fabege AB (Publ) Proposes Dividend for 2024, Payable on 30 April 2025, 17 July 2025, 16 October 2025 and 15 January 2026 The Board of Directors of Fabege AB (publ) resolves to approve a dividend for 2024 of SEK 2.00 per share to be disbursed on four occasions, each of SEK 0.50 per share. The record dates for receipt of dividend are proposed to be 25 April 2025, 14 July 2025, 13 October 2025 and 12 January 2026. Should the Annual General Meeting resolve to approve the said motion, the dividend is scheduled to be distributed by Euroclear Sweden AB on 30 April 2025, 17 July 2025, 16 October 2025 and 15 January 2026. Announcement • Mar 17
Fabege AB (publ) to Report Fiscal Year 2024 Final Results on Mar 17, 2025 Fabege AB (publ) announced that they will report fiscal year 2024 final results at 1:00 PM, Central European Standard Time on Mar 17, 2025 Announcement • Feb 24
Fabege AB (Publ) Announces Märtha Josefsson Decline Re-Election as Board Fabege AB (publ) announced Märtha Josefsson have declined re-election as board. Announcement • Feb 06
Stefan Dahlbo to Retire as CEO of Fabege AB (publ) by the End of 2025 at the Latest Stefan Dahlbo, who has been CEO of Fabege AB (publ) since September 2019, has decided to retire by the end of 2025 at the latest. Announcement • Jan 08
Fabege AB (publ) to Report Q1, 2025 Results on Apr 14, 2025 Fabege AB (publ) announced that they will report Q1, 2025 results at 7:00 AM, Central European Standard Time on Apr 14, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: kr0.045 (vs kr3.15 loss in 3Q 2023) Third quarter 2024 results: EPS: kr0.045 (up from kr3.15 loss in 3Q 2023). Revenue: kr935.0m (down 15% from 3Q 2023). Net income: kr14.0m (up kr1.01b from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Revenue is forecast to grow 2.0% 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 74 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 10
Dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 7th January 2025 Payment date: 13th January 2025 Dividend yield will be 6.6%, 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 (41% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Declared Dividend • Oct 04
Dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 7th January 2025 Payment date: 13th January 2025 Dividend yield will be 6.4%, 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 (41% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Upcoming Dividend • Sep 26
Upcoming dividend of kr0.45 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 09 October 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.4%). Reported Earnings • Jul 07
Second quarter 2024 earnings released: EPS: kr0.054 (vs kr3.03 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.054 (up from kr3.03 loss in 2Q 2023). Revenue: kr864.0m (down 10.0% from 2Q 2023). Net income: kr17.0m (up kr969.0m from 2Q 2023). Profit margin: 2.0% (up from net loss in 2Q 2023). Revenue is forecast to stay flat 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 71 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 02
Dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 3rd October 2024 Payment date: 9th October 2024 Dividend yield will be 7.9%, 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 (43% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Apr 26
Fabege AB (publ) to Report Fiscal Year 2024 Results on Feb 06, 2025 Fabege AB (publ) announced that they will report fiscal year 2024 results on Feb 06, 2025 Reported Earnings • Apr 26
First quarter 2024 earnings released: kr2.22 loss per share (vs kr5.04 loss in 1Q 2023) First quarter 2024 results: kr2.22 loss per share (improved from kr5.04 loss in 1Q 2023). Revenue: kr1.01b (flat on 1Q 2023). Net loss: kr699.0m (loss narrowed 56% from 1Q 2023). Revenue is forecast to stay flat 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 67 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 11
Dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 1st July 2024 Payment date: 5th July 2024 Dividend yield will be 7.6%, 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 (36% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Upcoming Dividend • Apr 03
Upcoming dividend of kr0.45 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 16 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.6%). Declared Dividend • Mar 18
Fourth quarter dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 10th April 2024 Payment date: 16th April 2024 Dividend yield will be 7.4%, 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 (36% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Mar 12
Full year 2023 earnings released: kr17.54 loss per share (vs kr7.49 profit in FY 2022) Full year 2023 results: kr17.54 loss per share (down from kr7.49 profit in FY 2022). Revenue: kr3.96b (up 20% from FY 2022). Net loss: kr5.52b (down 332% from profit in 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. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Mar 08
Stina Lindh Hök and Anne Årneby Declines Re-Election as Board Members Fabege AB (publ) announced that Stina Lindh Hök and Anne Årneby have declined re-election as Board Members. Reported Earnings • Feb 08
Full year 2023 earnings released: kr17.54 loss per share (vs kr7.49 profit in FY 2022) Full year 2023 results: kr17.54 loss per share (down from kr7.49 profit in FY 2022). Revenue: kr3.93b (up 19% from FY 2022). Net loss: kr5.52b (down 332% from profit in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 14% 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 59 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 29
Upcoming dividend of kr0.60 per share at 2.2% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 11 January 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Announcement • Dec 15
Mia Häggström Joins Fabege's Executive Management Team as a Member on 1 January 2024 Fabege announced that Mia Häggström will become a member of Fabege's Executive Management Team on 1 January 2024. Mia has been Head of Sustainability since 2016 and has held various management roles since joining Fabege in 2007, mainly relating to sustainability, technical business support and system solutions for management and projects. Mia has high-quality experience of both operational and strategic sustainability work in all Fabege's business areas. Reported Earnings • Oct 20
Third quarter 2023 earnings released: kr3.15 loss per share (vs kr2.30 profit in 3Q 2022) Third quarter 2023 results: kr3.15 loss per share (down from kr2.30 profit in 3Q 2022). Revenue: kr1.04b (up 18% from 3Q 2022). Net loss: kr992.0m (down 236% from profit in 3Q 2022). Revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Oct 05
Fabege AB (publ), Annual General Meeting, Apr 09, 2024 Fabege AB (publ), Annual General Meeting, Apr 09, 2024, at 15:00 Central European Standard Time. Upcoming Dividend • Sep 22
Upcoming dividend of kr0.60 per share at 2.6% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 05 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.4%). Reported Earnings • Jul 07
Second quarter 2023 earnings released: kr3.03 loss per share (vs kr5.01 profit in 2Q 2022) Second quarter 2023 results: kr3.03 loss per share (down from kr5.01 profit in 2Q 2022). Revenue: kr960.0m (up 33% from 2Q 2022). Net loss: kr952.0m (down 160% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 28% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 22
Upcoming dividend of kr0.60 per share at 3.2% 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: 3.2%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.5%). Reported Earnings • Apr 27
First quarter 2023 earnings released: kr5.04 loss per share (vs kr8.69 profit in 1Q 2022) First quarter 2023 results: kr5.04 loss per share (down from kr8.69 profit in 1Q 2022). Revenue: kr1.02b (up 33% from 1Q 2022). Net loss: kr1.58b (down 157% from profit in 1Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year. Upcoming Dividend • Mar 23
Upcoming dividend of kr0.60 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%). Recent Insider Transactions • Mar 22
President & CEO recently bought €17k worth of stock On the 13th of March, Stefan Dahlbo bought around 3k shares on-market at roughly €6.99 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €964k. Stefan has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Recent Insider Transactions • Mar 21
President & CEO recently bought €17k worth of stock On the 13th of March, Stefan Dahlbo bought around 3k shares on-market at roughly €6.99 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €964k. Stefan has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: kr7.49 (vs kr16.73 in FY 2021) Full year 2022 results: EPS: kr7.49 (down from kr16.73 in FY 2021). Revenue: kr3.33b (up 13% from FY 2021). Net income: kr2.38b (down 56% from FY 2021). Profit margin: 71% (down from 183% in FY 2021). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 29
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 12 January 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.3%). Announcement • Nov 16
Fabege AB (publ) to Report Fiscal Year 2022 Results on Feb 07, 2023 Fabege AB (publ) announced that they will report fiscal year 2022 results at 1:00 PM, Central European Standard Time on Feb 07, 2023 Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 18% share price gain to €8.51, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 9x in the Real Estate industry in Germany. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.17 per share. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: kr2.30 (vs kr3.40 in 3Q 2021) Third quarter 2022 results: EPS: kr2.30 (down from kr3.40 in 3Q 2021). Revenue: kr875.0m (up 23% from 3Q 2021). Net income: kr728.0m (down 34% from 3Q 2021). Profit margin: 83% (down from 154% in 3Q 2021). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 23
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.8%). Announcement • Aug 24
Fabege AB (publ) to Report Q2, 2023 Results on Jul 07, 2023 Fabege AB (publ) announced that they will report Q2, 2023 results at 1:30 AM, Eastern Standard Time on Jul 07, 2023 Reported Earnings • Jul 09
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr739.0m (up 5.0% from 2Q 2021). Net income: kr1.60b (up 35% from 2Q 2021). Over the next year, revenue is forecast to grow 2.8% compared to a 44% decline forecast for the industry in Germany. Upcoming Dividend • Jun 23
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%). Announcement • Jun 16
Fabege Appoints Niclas Sylvén as New Head of Finance Niclas Sylvén has been appointed as Head of finance at Fabege. He most recently came from a similar role as interim head of finance at Humlegården. Niclas will be operationally responsible for leading the work in Fabege's finance department, which means, among other things, ensuring Fabege's capital supply in the short and long term and continuing to work for strong relationships with the company's financiers both in banks and in the capital market. Niclas takes over from Ewa Wassberg who has previously decided to move to Gothenburg with her family. Recent Insider Transactions • May 13
President & CEO recently bought €122k worth of stock On the 6th of May, Stefan Dahlbo bought around 11k shares on-market at roughly €10.99 per share. In the last 3 months, they made an even bigger purchase worth €1.1m. Stefan has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr8.69 (vs kr2.64 in 1Q 2021) First quarter 2022 results: EPS: kr8.69 (up from kr2.64 in 1Q 2021). Revenue: kr769.0m (up 8.9% from 1Q 2021). Net income: kr2.78b (up 222% from 1Q 2021). Over the next year, revenue is forecast to grow 4.0% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 31
Fabege AB (publ) Proposes Dividend for 2021 at Annual General Meeting Fabege AB announced board’s dividend proposal of SEK 4.00 per share for 2021 at annual general meeting on March 29, 2022, to be paid on four occasions (SEK 1.00 per share on each occasion). Furthermore, it was decided that the record date for receiving the dividend will be March 31, 2022, July 1, 2022, October 3, 2022 and January 9, 2023, which means that payment is expected to be issued by Euroclear Sweden AB on April 5, 2022, July 6, 2022, October 6, 2022 and on January 12, 2023. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: kr16.73 (vs kr9.65 in FY 2020) Full year 2021 results: EPS: kr16.73 (up from kr9.65 in FY 2020). Revenue: kr2.95b (up 7.3% from FY 2020). Net income: kr5.40b (up 71% from FY 2020). Over the next year, revenue is forecast to grow 4.0% compared to a 29% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 24% and the cash payout ratio is 77%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Feb 24
President & CEO recently bought €1.1m worth of stock On the 21st of February, Stefan Dahlbo bought around 83k shares on-market at roughly €13.67 per share. This was the largest purchase by an insider in the last 3 months. Stefan has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares. Reported Earnings • Feb 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr16.73 (up from kr9.65 in FY 2020). Revenue: kr2.95b (up 7.2% from FY 2020). Net income: kr5.40b (up 71% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 08
Fabege AB (publ) Proposes Dividend The board of directors of Fabege AB (publ) proposes a dividend of SEK 4.00 per share (3.60) to be paid on four occasions quarterly in the amount of SEK 1.00 per share on each occasion. Recent Insider Transactions • Dec 18
President & CEO recently bought €125k worth of stock On the 14th of December, Stefan Dahlbo bought around 9k shares on-market at roughly €13.94 per share. This was the largest purchase by an insider in the last 3 months. Stefan has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS kr3.40 (vs kr1.74 in 3Q 2020) Third quarter 2021 results: Revenue: kr721.0m (up 5.7% from 3Q 2020). Net income: kr1.10b (up 91% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of kr1.80 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 04 October 2021. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.0%). Reported Earnings • Jul 11
Second quarter 2021 earnings released: EPS kr3.67 (vs kr0.045 loss in 2Q 2020) Second quarter 2021 results: Revenue: kr704.0m (up 3.8% from 2Q 2020). Net income: kr1.18b (up kr1.20b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 02
Fabege AB (publ) Expects to Open New Park in August 2021 Fabege AB (publ) announced that the Solna Business Park is now getting a colourful addition in the form of a new park. The aim with this is to highlight Agenda 2030 and the UN’s 17 Sustainable Development Goals and make them accessible to everyone. In addition, the park will contribute to there being more activity between the buildings and make Solna Business Park a new destination to visit. With the help of BIG Architects, the Danish architectural firm that has attracted worldwide attention with its unique and spectacular projects, Fabege has developed a master plan and a development idea for Solna Business Park. This starts with the park, with a concept based on the UN’s 17 Sustainable Development Goals. This will contribute to a more active and vibrant street environment in which people are given more space. The design has various elements and installations that support and provide information in different ways about all 17 global goals. Solna Business Park is facing major changes, as in 2021 work on the park will begin, and the Parkhuset initiative – the innovation project that aims to cut the climate impact in half – will also be started. The area is one of Fabege’s priority city district projects and will be transformed into a new attractive area for both businesses and residents in the coming years. The new park is expected to open in August 2021 and will be a destination for people who want to stay for a short or a longer time, to play with their children, challenge colleagues to a game of padel, have lunch or hold an outdoor meeting. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS kr2.64 (vs kr4.78 in 1Q 2020) First quarter 2021 results: Revenue: kr706.0m (flat on 1Q 2020). Net income: kr863.0m (down 45% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Executive Departure • Apr 01
Independent Director has left the company On the 25th of March, Per-Ingemar Persson's tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Per-Ingemar's name. A total of 2 executives have left over the last 12 months. Upcoming Dividend • Mar 19
Upcoming Dividend of kr1.80 Per Share Will be paid on the 1st of April to those who are registered shareholders by the 26th of March. The trailing yield of 3.0% is below the top quartile of German dividend payers (3.3%), but is in line with industry peers (3.0%). Announcement • Mar 12
Fabege Signs Land Allocation Agreement in Flemingsberg Fabege and Huddinge Municipality have signed an agreement on land allocation in Flemingsbergsdalen. The agreement provides for Fabege to be granted exclusive rights to negotiate with the municipality on land acquisition and development on the basis that Fabege will develop the land in accordance with the existing planning programme. The intention of the parties is for the areas of land allocated to be subject to new local plans. The current area covers a total of about 220,000 sqm, of which 190,000 sqm is for commercial space and 30,000 sqm for residential. Based on agreed prices and the estimated distribution between commercial and residential properties, the total purchase price is estimated to be just over SEK 800 million. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 5.9% compared to a 31% decline forecast for the Real Estate industry in Germany. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS kr9.65 (vs kr18.16 in FY 2019) Full year 2020 results: Revenue: kr2.75b (down 2.4% from FY 2019). Net income: kr3.17b (down 47% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 26
New 90-day low: €11.49 The company is down 12% from its price of €13.09 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.62 per share. Recent Insider Transactions • Feb 21
Insider recently bought €736k worth of stock On the 18th of February, Klas Holmgren bought around 63k shares on-market at roughly €11.71 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €3.8m more in shares than they have sold in the last 12 months. Announcement • Feb 16
Fabege Announces Executive Changes Fabege announced Fred Grönwall is currently Plant Manager for Cementa AB and will replace Anders Borggren, who has chosen to reduce his workload in order to eventually retire. Fred Grönwall will take on his new role at the beginning of the summer and will be a member of the Executive Management Team. As the Head of Technical Operations, Fred will be responsible for the continued development of working methods and will work proactively with digitization and development issues. As Plant Manager at the Heidelberg Cement Group, Fred Grönwall has demonstrated solid leadership experience and has worked with making continuous improvements in the areas of technology, energy and the environment, as well as regarding digitization issues. Is New 90 Day High Low • Feb 10
New 90-day low: €11.87 The company is down 8.0% from its price of €12.96 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.61 per share. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 3.2% compared to a 25% decline forecast for the Real Estate industry in Germany. Reported Earnings • Feb 06
Full year 2020 earnings released: EPS kr9.62 (vs kr18.16 in FY 2019) Full year 2020 results: Revenue: kr2.81b (flat on FY 2019). Net income: kr3.17b (down 47% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jan 28
Fabege: Nationalarenan 3 - Scandinavia's First 'Plushus' Hotel Scandinavia's first zero-energy hotel, Nationalarenan 3 in Arenastaden, is now in the final stages of completion. The building produces as much energy as it consumes, and has now achieved FEBY `Gold Plushus' certification. FEBY's purpose as an organisation is to increase and develop energy-efficient construction. Nationalarenan 3 is a unique project that aims to meet ambitious sustainability targets, while calling on the industry as a whole to build more sustainably. Some 25 geothermal energy boreholes along with a total of almost 2,500 sqm of solar panels on the facade and roof produce more energy than the property will consume. The south-facing facade and roof are both covered in solar panels, which generate enough energy in one year to power an electric car for more than 40 trips around the globe. This means the hotel has the most solar panels per square metre of any hotel in the world. The building has now been certified according to FEBY `Gold Plushus', and in order to achieve this certification the building was designed to keep heat loss at extremely low levels, as stipulated in the criteria for FEBY `Gold Plushus' environmental certification. The building is supplied with cooling and heating from heat pumps that efficiently load and collect energy from borehole stores. The 11-storey high building is made up of three sections: a hotel with 336 rooms, 88 long-stay apartments and an office, which will be the location of Nordic Choice Hotels' Swedish headquarters as of spring 2021. The hotel will also house restaurant and conference space and a lobby area. In addition to FEBY `Gold Plushus' status, the aim is for the project to also be certified to BREEAM Excellent standard. Announcement • Dec 23
Fabege Expands Executive Management Team Over the course of the year, Fabege's Head of Urban and Property Development, Head of HR and Head of Communication have been co-opted members of the Executive Management Team. Their roles have now been made permanent, and as of 1 January, Fabege's Executive Management Team has a total of nine members. The new members are Charlotte Liliegren, Head of Urban and Property Development, Gunilla Cornell, Head of HR, and Elisabet Olin, Head of Corporate Communication. Gunilla Cornell has been Fabege's Head of HR since 2011 (worked for the company as a consultant since 2008). She has previously worked as a consultant in business development, management and project management, both independently and at TietoEnator. Charlotte Liliegren has been an employee at Fabege since 2006. She has worked in letting, property management, and since 2013 as Head of Urban and Property Development. Prior to this, she worked for Tornet AB, Stena Fastigheter AB and Drott AB in several roles, including letting agent, business developer and analyst. Elisabet Olin has been Fabege's Head of Corporate Communication, with responsibility for external and internal communication, since 2013. Previously she had held a similar position at Billerud from 2001. Announcement • Dec 13
CapMan Oyj (HLSE:CAPMAN) agreed to acquire Sadelplatsen 1 in Solna from Fabege AB (publ) (OM:FABG). CapMan Oyj (HLSE:CAPMAN) agreed to acquire Sadelplatsen 1 in Solna from Fabege AB (publ) (OM:FABG) on December 11, 2020. The sale will take place in the form of a company with an underlying property value of SEK 260 million, and will generate a pre-tax profit of SEK 43 million and a after-tax profit of SEK 52 million. The transfer will take place by April 1, 2021 at the latest. The profit will be recognized in the fourth quarter. Recent Insider Transactions • Nov 21
Head of Administration recently sold €154k worth of stock On the 13th of November, Charlotta Rosell sold around 12k shares on-market at roughly €12.89 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €739k more than they bought in the last 12 months. Is New 90 Day High Low • Nov 11
New 90-day high: €12.96 The company is up 22% from its price of €10.65 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.75 per share. 
