Corem Property Group AB (publ)

CORE-A.ST

CORE-A.STCorem Property Group AB (publ) SE flag

Stockholm Stock Exchange

4.65

SEK

+0.03

(+0.65%)

-1.43EPS

-3.25P/E

7.22BMarket Cap

Apr 23Next Earn

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ISIN

SE0010714279

Return %

Stock

S&P500

-37.78

18.57

-77.05

40.07

-80.14

86.07

Use logarithmic scale

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	1.2	1.32	1.34	1.5	1.55	1.88	2.42	2.65	2.64	2.6	3.51	4.15	3.93	3.72
Basic EPS, GAAP	0.08	0.43	0.9	0.27	1.98	2.32	2.52	3.24	8.35	-0.52	5.43	-1.8	-7.39	-6.73
Free Cash Flow per Basic Share	0.14	0.44	0.6	0.03	0.41	0.07	0.27	0.26	-0.11	1.08	1.43	2.06	0.67	0.84
Dividend per Share	0.25	0.25	0.27	0.29	0.31	0.45	0.52	0.6	0.65	0.81	0.56	0.58	0.77	0.77
Book Value per Share	1.75	1.96	2.63	2.47	4.21	5.76	7.89	10.64	18.55	17.11	14.99	8.72	0.45	- -
Tangible Book Value per Share	4.84	5.07	5.79	5.65	7.46	9.31	11.67	14.54	22.43	21.19	37.2	26.76	18.76	18.91
Basic Weighted Avg Shares	415	411	416	414	404	394	372	365	364	343	830	1,081	1,079	1,079
Sales/Revenue/Turnover	497	544	556	621	626	740	900	965	961	894	2,912	4,491	4,244	4,012
Operating Margin (%)	68.41	70.77	69.6	73.11	70.29	73.24	73.89	71.81	68.89	70.36	68.13	61.14	63.69	62.19
Depreciation Expense	1	1	1	1	1	- -	1	- -	1	1	- -	26	23	23
Net Income, GAAP	35	175	372	112	800	915	937	1,183	3,114	-108	4,582	-1,948	-7,970	-7,265
Effective Tax Rate (%)	20.45	14.63	16.22	30.86	11.6	10.03	16.26	12.31	6.06	201.89	20.89	- -	- -	- -
Profit Margin (%)	7.04	32.17	66.91	18.04	127.8	123.65	104.11	122.59	324.04	-12.08	157.35	-43.38	-187.79	-181.08
Working Capital	-1,435	-1,650	-760	-2,272	-1,041	-2,566	-2,616	-1,960	-851	-4,307	-14,797	-14,042	-14,344	-15,452
LT Debt	2,882	2,900	4,204	3,428	4,783	5,222	5,572	7,574	5,473	5,728	33,016	34,368	20,880	18,265
Total Equity	2,008	2,082	2,405	2,343	3,011	3,671	4,340	5,302	8,172	7,277	33,938	31,311	22,017	22,057
Return on Invested Capital (%)	4.34	5.09	4.64	4.1	4.66	4.89	4.72	4.51	4.09	-3.9	3.18	- -	- -	- -
Return on Capital (%)	4.01	6.95	9.97	4.53	14.43	13.45	11.5	12.12	24.69	-2.71	13.71	- -	- -	- -
Return on Common Equity (%)	4.55	22.89	39.22	10.57	58.72	46.1	36	34.71	57.18	-2.85	49.24	-17.82	-160.77	- -

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	32.66%	53.41%	-5.5%
Net Income, GAAP	-352.88%	-823.24%	309.14%
Free Cash Flow	23.67%	-189.77%	-67.83%
Total Cash Common Dividend	25.94%	36.76%	32.38%
Total Equity	46.04%	74.43%	-29.68%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Rutger Arnhult
Full Time Employees: 284
Sector: Real Estate
Industry: Real Estate - Services
Address: Riddargatan 13 C Stockholm Sweden 102 17
IPO Date: Nov 6, 2007
Website: corem.se
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Business: 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.

	Sep'23	Dec'23	Mar'24
Total Current Assets	1,985	1,600	2,086
Accounts Receivable, Net	- -	47	- -
Cash, Cash Equivalents & STI	644	429	744
Inventories	269	290	292
Total Current Liabilities	16,103	15,944	17,538
Payables & Accruals	- -	- -	- -
ST Debt	13,816	13,830	15,592
Deferred Revenue	- -	- -	- -

	Sep'23	Dec'23	Mar'24
ST Debt	13,816	13,830	15,592
LT Borrowings	24,933	19,505	17,032
LT Finance Leases	1,604	1,375	1,233
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	1,086	1,086	1,086
Market Capitalization	7,012	11,283	11,758

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	1.2	1.32	1.34	1.5	1.55	1.88	2.42	2.65	2.64	2.6	3.51	4.15	3.93	3.72
Basic EPS, GAAP	0.08	0.43	0.9	0.27	1.98	2.32	2.52	3.24	8.35	-0.52	5.43	-1.8	-7.39	-6.73
Free Cash Flow per Basic Share	0.14	0.44	0.6	0.03	0.41	0.07	0.27	0.26	-0.11	1.08	1.43	2.06	0.67	0.84
Dividend per Share	0.25	0.25	0.27	0.29	0.31	0.45	0.52	0.6	0.65	0.81	0.56	0.58	0.77	0.77
Book Value per Share	1.75	1.96	2.63	2.47	4.21	5.76	7.89	10.64	18.55	17.11	14.99	8.72	0.45	- -
Tangible Book Value per Share	4.84	5.07	5.79	5.65	7.46	9.31	11.67	14.54	22.43	21.19	37.2	26.76	18.76	18.91
Basic Weighted Avg Shares	415	411	416	414	404	394	372	365	364	343	830	1,081	1,079	1,079
Sales/Revenue/Turnover	497	544	556	621	626	740	900	965	961	894	2,912	4,491	4,244	4,012
Operating Margin (%)	68.41	70.77	69.6	73.11	70.29	73.24	73.89	71.81	68.89	70.36	68.13	61.14	63.69	62.19
Depreciation Expense	1	1	1	1	1	- -	1	- -	1	1	- -	26	23	23
Net Income, GAAP	35	175	372	112	800	915	937	1,183	3,114	-108	4,582	-1,948	-7,970	-7,265
Effective Tax Rate (%)	20.45	14.63	16.22	30.86	11.6	10.03	16.26	12.31	6.06	201.89	20.89	- -	- -	- -
Profit Margin (%)	7.04	32.17	66.91	18.04	127.8	123.65	104.11	122.59	324.04	-12.08	157.35	-43.38	-187.79	-181.08
Working Capital	-1,435	-1,650	-760	-2,272	-1,041	-2,566	-2,616	-1,960	-851	-4,307	-14,797	-14,042	-14,344	-15,452
LT Debt	2,882	2,900	4,204	3,428	4,783	5,222	5,572	7,574	5,473	5,728	33,016	34,368	20,880	18,265
Total Equity	2,008	2,082	2,405	2,343	3,011	3,671	4,340	5,302	8,172	7,277	33,938	31,311	22,017	22,057
Return on Invested Capital (%)	4.34	5.09	4.64	4.1	4.66	4.89	4.72	4.51	4.09	-3.9	3.18	- -	- -	- -
Return on Capital (%)	4.01	6.95	9.97	4.53	14.43	13.45	11.5	12.12	24.69	-2.71	13.71	- -	- -	- -
Return on Common Equity (%)	4.55	22.89	39.22	10.57	58.72	46.1	36	34.71	57.18	-2.85	49.24	-17.82	-160.77	- -

Year	Q1	Q2	Q3	Q4	FY
2022	1.55	0.06	-0.2	- -	-1.8
2023	-0.83	-1.68	-2.03	- -	-7.39
2024	-0.15	-0.24	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	1,099	1,093	1,114	1,185	4,491
2023	1,172	1,049	1,007	1,016	4,244
2024	940	898	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.09	0.1	0.2	- -	0.58
2023	0.19	0.19	0.19	- -	0.77
2024	0.19	0.1	- -	- -	- -

Corem Property Group AB (publ)

Growth Rates

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Company Description

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Capital Structure

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