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1. Company Snapshot

1.a. Company Description

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.

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1.b. Last Insights on CORE

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.57%)

6. Segments

Investment Portfolio

Expected Growth: 4.5%

Corem Property Group AB's strategic focus on high-quality office and logistics spaces in Sweden, coupled with the country's growing economy and increasing demand for modern logistics facilities, drives growth in the segment.

Development Portfolio

Expected Growth: 5.5%

Corem Property Group's development portfolio, comprising 14 ongoing and planned projects in Sweden, is poised for growth driven by increasing demand for office, retail, and residential spaces. The total lettable area of 230,000 sqm provides a solid foundation for future expansion.

7. Detailed Products

Commercial Properties

Corem Property Group AB (publ) offers a diverse portfolio of commercial properties, including office buildings, retail spaces, and logistics facilities, providing tenants with flexible and modern spaces to operate their businesses.

Residential Properties

Corem Property Group AB (publ) develops and manages a range of residential properties, including apartments, houses, and student accommodations, offering comfortable and convenient living solutions.

Property Development

Corem Property Group AB (publ) develops and renovates properties, transforming underutilized spaces into modern and sustainable buildings, creating value for investors and tenants alike.

Property Management

Corem Property Group AB (publ) provides comprehensive property management services, including maintenance, leasing, and financial management, ensuring that properties are well-maintained and profitable.

8. Corem Property Group AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Corem Property Group AB (publ) is moderate due to the availability of alternative investment options in the real estate industry.

Bargaining Power Of Customers

The bargaining power of customers is low due to the company's strong brand reputation and diversified property portfolio.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the company's dependence on a few large suppliers for construction materials and services.

Threat Of New Entrants

The threat of new entrants is high due to the relatively low barriers to entry in the real estate industry and the attractiveness of the Swedish market.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the Swedish real estate market, leading to intense competition for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 60.24%
Debt Cost 5.37%
Equity Weight 39.76%
Equity Cost 9.69%
WACC 7.09%
Leverage 151.50%

11. Quality Control: Corem Property Group AB (publ) passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Fiducial Real Estate

A-Score: 6.0/10

Value: 5.4

Growth: 4.0

Quality: 6.6

Yield: 3.1

Momentum: 7.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Plazza

A-Score: 6.0/10

Value: 2.4

Growth: 4.4

Quality: 6.2

Yield: 3.8

Momentum: 9.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Foxtons

A-Score: 5.7/10

Value: 7.8

Growth: 5.6

Quality: 7.8

Yield: 3.1

Momentum: 2.5

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
Tritax EuroBox

A-Score: 4.7/10

Value: 7.2

Growth: 3.6

Quality: 3.8

Yield: 4.4

Momentum: 4.0

Volatility: 5.3

1-Year Total Return ->

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Stock-Card
Corem Property

A-Score: 3.4/10

Value: 6.5

Growth: 2.7

Quality: 3.6

Yield: 5.6

Momentum: 0.5

Volatility: 1.7

1-Year Total Return ->

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Stock-Card
Globe Trade Centre

A-Score: 3.4/10

Value: 3.6

Growth: 2.4

Quality: 3.6

Yield: 1.9

Momentum: 2.0

Volatility: 7.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.87$

Current Price

3.87$

Potential

-0.00%

Expected Cash-Flows