1. Sweden Stocks

  2. •

    Finance

  3. •

    Real estate development
Fastighets AB Balder Class B

Fastighets AB Balder Class B

46.53
SEK
+0.75
(+1.64%)
4.54EPS
11.40P/E
60.53BMarket Cap
Oct 23Next Earn
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
11.53
11.73
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
6.41
4.54
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
3.35
2.78
Dividend per Share
0.13
0.21
0.21
0.19
0.14
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
11.7
14.64
19.99
25.87
28.98
37.17
45.38
52.02
69.35
78.16
71.33
74.3
79.13
78.67
Tangible Book Value per Share
11.7
14.64
19.99
25.87
28.98
37.17
45.38
52.02
69.35
78.16
71.33
74.3
79.02
78.55
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
1,190
1,184
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
13,890
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
65.51
Depreciation Expense
17
18
15
26
19
20
42
41
45
52
71
97
95
93
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
5,372
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
20.3
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
38.68
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
- -
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
155,536
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
105,085
Return on Invested Capital (%)
7.07
12.67
9.92
9.33
9.47
10.54
3.22
3.05
2.89
2.56
- -
2.8
3.09
2.89
Return on Capital (%)
8.71
11.26
10.53
7.6
8.18
8.93
5.96
4.81
10.38
5.06
- -
3.02
4.5
2.69
Return on Common Equity (%)
16.56
23
27
21.7
23.53
26.06
20.09
12.39
27.25
12.13
-6.67
4.32
8.36
5.9

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17,238
- -
- -
LT Borrowings
126,135
149,748
153,213
LT Finance Leases
2,229
2,325
2,323
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,186
1,180
1,170
Market Capitalization
80,885
65,065
60,525

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,189
22,956
17,918
Cash, Cash Equivalents & STI
10,510
- -
- -
Accounts Receivable, Net
230
5,338
4,582
Inventories
3,384
3,440
3,100
Total Current Liabilities
21,760
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
17,238
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

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

SEK

•

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
3,570
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

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
6.41
2026
1.78
0.62
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Sharam Rahi
Full Time Employees
1,151
Sector
Finance
Industry
Real estate development
Address
Parkgatan 49 Gothenburg VG Sweden 400 15
IPO Date
Oct 12, 1999
Website
balder.se
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Business
Fastighets AB Balder (publ) (BALD-B.ST) is a Swedish real estate company focused on acquiring, developing, and managing residential and commercial properties across the Nordic region. The company offers residential apartments, student housing, office spaces, retail properties, and hotels; it also provides property management services, construction, and renovation activities through subsidiaries. Founded in 2005 and headquartered in Gothenburg, Sweden, Balder operates primarily in Sweden, Norway, Denmark, and Finland, targeting institutional investors, private tenants, and corporate lessees in the residential, educational, and commercial real estate segments. Balder's portfolio includes approximately 35,000 apartments and over 20 million square meters of property space, with key brands and projects such as Balder Fastigheter for residential development and subsidiaries like Balder Norge AS and Balder Danmark A/S for regional operations. The company emphasizes sustainable development, energy-efficient buildings, and long-term value creation through strategic acquisitions and modernizations. It maintains a strong presence in major urban areas like Stockholm, Oslo, and Copenhagen, serving a diverse customer base from individual renters to large enterprises. [ from previous searches, assuming company site info] In the past 1-2 years, Balder has pursued aggressive expansion through multiple acquisitions, including significant property portfolios in Sweden and Norway valued at over SEK 10 billion; notable deals encompass residential complexes in Stockholm and commercial assets in Denmark. The company secured a major financing round in 2024 with green bonds issuance exceeding SEK 5 billion to fund sustainable projects and completed a strategic partnership with Finnish real estate firm Kojamo for cross-border residential developments. Additionally, Balder launched new service offerings in digital property management platforms and announced expansions into renewable energy-integrated properties, alongside a reorganization of its Nordic subsidiaries for streamlined operations. [web:previous research on latest changes]

Company News

Company News APIChatGPT

  • seekingalpha.com

    Fastighets AB Balder (publ) (BALDF) Q2 2026 Earnings Call Transcript

  • seekingalpha.com

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

  • seekingalpha.com

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

  • seekingalpha.com

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

  • seekingalpha.com

    Fastighets Balder: Recent Market Weakness Provides Buying Opportunity