Fastighets AB Balder (publ)

Fastighets AB Balder (publ)

BALDF
Fastighets AB Balder (publ)US flagOther OTC
5.42
USD
- -
- -
6.39BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.97
2.6
2.78
5.19
5.48
6.22
7.05
7.53
8
9.4
10.35
10.99
- -
11.31
Basic EPS, GAAP
1.69
3.02
4.84
5.1
6.45
8.62
8.29
6.15
16.54
9.09
-4.98
3.15
- -
4.94
Free Cash Flow per Basic Share
0.51
1.37
0.78
2.76
2.28
3.4
2.97
6.04
1.36
4.39
4.05
4
- -
3.68
Dividend per Share
0.13
0.21
0.21
0.19
0.14
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.16
10.22
15.03
19.27
21.76
30.23
38.53
44.68
59.66
68.68
60.75
62.67
- -
- -
Tangible Book Value per Share
11.7
14.69
25.71
32.37
34.92
43.9
54.38
62.86
79.15
91.97
81.44
86.85
- -
87.95
Basic Weighted Avg Shares
957
971
974
1,034
1,080
1,080
1,080
1,080
1,119
1,119
1,154
1,171
- -
1,183
Sales/Revenue/Turnover
1,884
2,525
2,711
5,373
5,915
6,714
7,609
8,134
8,956
10,521
11,944
12,876
13,721
13,385
Operating Margin (%)
61.2
63.8
65.33
59.72
62.3
64.02
65.44
68.1
66.18
64.41
65.59
66.27
66.72
66.65
Depreciation Expense
17
18
15
26
19
20
42
41
45
52
71
97
95
95
Net Income, GAAP
1,738
3,128
4,916
5,474
7,118
9,308
8,958
6,641
18,508
10,175
-6,746
3,304
7,621
6,588
Effective Tax Rate (%)
19.15
18.13
14.92
20.28
15.14
15.72
18.75
19.89
14.03
15.39
- -
22.3
16.6
15.33
Profit Margin (%)
92.25
123.88
181.34
101.88
120.34
138.64
117.73
81.64
206.65
96.71
-56.48
25.66
55.54
49.22
Working Capital
-537
-531
-2,149
-16,400
-8,774
-8,819
-8,975
-5,099
-9,620
-9,239
-7,179
-11,213
-571
12,966
LT Debt
16,342
22,157
39,131
33,267
49,453
57,716
70,930
81,301
105,822
120,553
123,714
123,651
128,364
139,204
Total Equity
11,196
14,261
25,051
33,479
37,718
47,408
58,726
67,886
88,567
102,909
93,986
101,735
106,491
104,043
Return on Invested Capital (%)
3.75
4.1
2.93
3.43
3.49
3.44
3.16
2.96
2.79
2.56
- -
2.8
3.09
3.16
Return on Capital (%)
10.23
13.02
11.71
8.39
8.97
9.63
6.33
5.11
11.01
5.35
- -
3.2
4.77
4.72
Return on Common Equity (%)
26.66
34.9
38.39
30.51
32.09
33.15
24.12
14.78
32.18
14.17
-7.83
5.14
9.89
- -

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
17,793
- -
- -
LT Borrowings
121,124
136,255
136,652
LT Finance Leases
2,527
2,548
2,552
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,190
1,190
1,190
Market Capitalization
84,598
75,202
83,217

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
12,014
11,576
12,966
Cash, Cash Equivalents & STI
6,444
- -
- -
Accounts Receivable, Net
296
5,288
5,167
Inventories
1,955
- -
3,446
Total Current Liabilities
23,227
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
17,793
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.23%
10.18%
4.67%
Free Cash Flow
52.77%
25.15%
-14.9%
Net Income, GAAP
-0.84%
-10.19%
130.66%
Sales/Revenue/Turnover
19.75%
11.09%
6.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,129
3,186
3,228
3,333
12,876
2025
3,416
3,408
3,452
- -
13,721
2026
3,460
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.51
0.66
-0.25
2.27
3.15
2025
2.26
0.65
1.49
- -
- -
2026
1.78
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Erik Selin
Full Time Employees
1,083
Sector
Real Estate
Industry
Real Estate - Diversified
Address
Parkgatan 49 Gothenburg Sweden 400 15
IPO Date
Apr 27, 2022
Website
balder.se
Business
Fastighets AB Balder (publ) (BALDF) is a leading Swedish real estate company that acquires, develops, owns, leases and manages a diversified portfolio of residential and commercial properties across the Nordic region and Europe; its core offerings include rental apartments, apartments for sale, hotels such as the Steam Hotel in Västerås, offices, shops, restaurants and cafés, schools, industrial spaces, warehouses, storage facilities, garages and parking spaces. The company operates primarily in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom, with a strategic focus on urban development, local presence in key markets and long-term ownership to generate stable cash flows for tenants, investors and stakeholders. Founded in 1995 and headquartered at Parkgatan 49 in Gothenburg, Sweden, Balder maintains operational segments including Helsinki, Stockholm, Gothenburg, Copenhagen, South, East and North, serving residential tenants and commercial clients such as Bilia with responsive property management and innovative solutions. In recent developments, Balder acquired investment properties valued at SEK 5.2 billion from its joint venture Fastighets AB Centur in November 2024, gaining sole ownership of approximately 30 commercial assets including Lyckholms in Gothenburg, which strengthens its financial position alongside a directed cash issue and expected dividends; additionally, in December 2024, the company signed an agreement to acquire the Doxa Fastigheter business area—comprising twelve commercial investment properties in Malmö and Landskrona—and apartments primarily in Karlatornet, further expanding its portfolio around Malmö Arena in Hyllie. Balder continues to pursue sustainability targets such as 2% annual energy efficiency improvements per square meter, halving operational emissions by 2030 from a 2022 baseline and achieving net-zero across its value chain by 2045, while meeting financial goals like a minimum 40% equity/assets ratio and interest coverage of at least 2 times.

Company News

APIChat
  • FASTIGHETS AB BALDER ADR (FSTGY) Q1 2026 Earnings Call Transcript

  • Fastighets AB Balder (publ) (BALDF) Q4 2025 Earnings Call Transcript

  • FASTIGHETS AB BALDER ADR (FSTGY) Q3 2025 Earnings Call Transcript

  • Fastighets Balder: Recent Market Weakness Provides Buying Opportunity