COREDS Stock Overview

A real estate company, owns, manages, develops, and leases office, warehouse, logistic, and retail properties in Sweden, Denmark, and the United States. More details

COREDS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Earnings are forecast to grow 89.69% per year

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

Dividend of 5.9% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Corem Property Group AB (publ) Competitors

Sirius Real Estate

LSE:SRE

UK£1.2b

International Workplace Group

LSE:IWG

UK£1.5b

Property Franchise Group

AIM:TPFG

UK£251.4m

abrdn European Logistics Income

LSE:ASLI

UK£237.4m

Price History & Performance

Summary of share price highs, lows and changes for Corem Property Group
Historical stock prices
Current Share Price	SEK 186.20
52 Week High	SEK 186.20
52 Week Low	SEK 186.20
Beta	1.02
1 Month Change	0%
3 Month Change	7.26%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	12.58%

Recent updates

Shareholder Returns

	COREDS	GB Real Estate	GB Market
7D	0%	1.6%	-2.6%
1Y	n/a	-0.5%	2.7%

Return vs Industry: Insufficient data to determine how COREDS performed against the UK Real Estate industry.

Return vs Market: Insufficient data to determine how COREDS performed against the UK Market.

Price Volatility

Is COREDS's price volatile compared to industry and market?
COREDS volatility
COREDS Average Weekly Movement	n/a
Real Estate Industry Average Movement	3.5%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: COREDS has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine COREDS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1993	331	Eva Landen	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. As of December 31, 2021, it had 518 properties with a total lettable area of 3,479 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?
COREDS fundamental statistics
Market cap	SEK 10.34b
Earnings (TTM)	-SEK 4.55b
Revenue (TTM)	SEK 3.80b

2.0x

P/S Ratio

-1.6x

P/E Ratio

Is COREDS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
COREDS income statement (TTM)
Revenue	SEK 3.80b
Cost of Revenue	SEK 1.57b
Gross Profit	SEK 2.23b
Other Expenses	SEK 6.79b
Earnings	-SEK 4.55b

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

Jul 14, 2023

Earnings per share (EPS)	-4.14
Gross Margin	58.73%
Net Profit Margin	-119.75%
Debt/Equity Ratio	146.5%

How did COREDS perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

-10%

Payout Ratio

Does COREDS pay a reliable dividends?

See COREDS dividend history and benchmarks

When do you need to buy COREDS by to receive an upcoming dividend?
Corem Property Group dividend dates
Ex Dividend Date	Jun 29 2023
Dividend Pay Date	Jul 05 2023
Days until Ex dividend	540 days
Days until Dividend pay date	534 days

Does COREDS pay a reliable dividends?

See COREDS dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/05/30 04:06
End of Day Share Price	2023/03/02 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Corem Property Group AB (publ) is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Simen Mortensen	DNB Markets
Staffan Bulow	Nordea Markets
Viktor Hökenhammar	Pareto Securities