Fastighets AB Trianon Class B

Fastighets AB Trianon Class B

SSTO:TRIAN_B
15.35
SEK
-0.15
(-0.97%)
1.63EPS
10.84P/E
3.25BMarket Cap
Nov 10Next Earn
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
0.86
1.05
1.27
2.08
2.51
3.23
3.74
4.09
4.96
4.74
3.94
4.18
4.35
Basic EPS, GAAP
0.43
1.22
2.92
2.54
1.86
2.24
3.52
8.64
1.09
-1.3
1.15
1.64
1.63
Free Cash Flow per Basic Share
0.1
0.51
0.53
0.68
1.09
1.07
1.21
1.73
2.8
0.81
0.66
1.11
1.39
Dividend per Share
0.11
0.12
0.14
0.17
0.25
0.3
- -
0.45
0.75
0.37
0.04
0.03
0.01
Book Value per Share
4.22
5.81
8.6
12.78
14.39
19.41
23.57
33.23
34.11
27.27
27.02
28.81
29.14
Tangible Book Value per Share
4.22
5.81
8.6
12.78
14.39
19.41
23.57
33.23
34.11
27.27
27.02
28.81
29.14
Basic Weighted Avg Shares
131
131
137
126
137
138
148
151
157
159
196
188
184
Sales/Revenue/Turnover
114
137
174
262
345
446
553
618
779
754
772
787
802
Operating Margin (%)
50.4
52.55
52.18
51.45
50.77
55.91
56.94
54.93
46.9
57.03
59.68
57.69
58.23
Depreciation Expense
1
- -
- -
- -
- -
1
1
1
2
2
2
2
- -
Net Income, GAAP
56
160
402
319
256
310
520
1,305
171
-206
225
309
300
Effective Tax Rate (%)
10.05
20.08
20.18
21.21
12.94
20.77
17.49
21.34
15.11
- -
26.56
20.16
19.21
Profit Margin (%)
49.6
116.45
230.45
121.9
74.25
69.35
93.94
211.13
22.01
-27.33
29.1
39.2
37.43
Working Capital
16
-53
-96
-29
-129
-3,648
-1,304
-3,477
-3,036
-1,878
-3,278
-3,178
-2,882
LT Debt
807
1,228
1,795
2,473
3,284
1,041
4,254
3,618
4,308
5,421
4,299
3,912
4,688
Total Equity
580
799
1,182
1,811
2,064
2,917
3,635
5,244
5,373
5,020
5,415
5,312
5,373
Return on Invested Capital (%)
- -
4.01
3.52
3.51
3.8
3.45
3.56
2.87
2.99
- -
3.08
3.33
3
Return on Capital (%)
- -
9.8
16.23
8.57
5.86
5.62
6.76
12.7
2.43
- -
3.52
4.06
3.95
Return on Common Equity (%)
- -
23.21
40.59
21.7
13.7
12.88
16.33
29.83
3.24
-3.97
4.31
5.75
5.69

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,175
3,416
2,928
LT Borrowings
3,730
3,908
4,470
LT Finance Leases
182
219
219
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
184
184
184
Market Capitalization
3,676
3,300
3,254

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
247
235
286
Cash, Cash Equivalents & STI
138
107
160
Accounts Receivable, Net
21
119
113
Inventories
- -
- -
- -
Total Current Liabilities
3,426
3,695
3,168
Payables & Accruals
- -
- -
- -
ST Debt
3,175
3,416
2,928
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.72%
9.22%
-1.89%
Free Cash Flow
22.64%
21.31%
62.69%
Net Income, GAAP
-12.82%
-65.56%
37.28%
Sales/Revenue/Turnover
20.11%
7.79%
1.93%
Total Cash Common Dividend
958.86%
1,914.38%
-35.8%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
185
190
198
200
772
2025
209
190
193
195
787
2026
205
208
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.12
-0.24
1
1.15
2025
0.4
0.19
0.44
0.61
1.64
2026
0.41
0.17
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
0.01
0.04
2025
0.01
- -
- -
0.01
0.03
2026
- -
- -
- -
- -
- -

Company Description

CEO
Petra Krüger
Full Time Employees
78
Sector
Finance
Industry
Real estate development
Address
Fredsgatan 21 Malmö SN Sweden 212 12
IPO Date
Jun 21, 2017
Website
trianon.se
Business
Fastighets AB Trianon (publ) operates as a real estate company primarily engaged in owning, building, developing, and managing residential and commercial properties in Sweden, with a core focus on the Malmö region. The company’s main products and services include housing, retail, office, and public sector/community properties, as well as garage and parking spaces. It operates mainly through two segments: Residential and Community/Commercial. Trianon is also involved in property development projects, urban development, and real estate transactions including acquisitions and sales of properties, often with development potential. The company places emphasis on sustainable real estate management with initiatives such as sourcing electricity from renewable sources and installing solar panels on several properties. Founded in 1973 and headquartered in Malmö, Sweden, Fastighets AB Trianon operates a portfolio comprising approximately 122 properties with about 4,700 apartments, focusing on creating value via lettings, investments to improve efficiency, and active management of building rights. Recent major company changes include the acquisition of the property Nibelungen 1 in Malmö and the sale of building rights to a joint venture for SEK 64 million. The company’s largest joint venture, Burlöv Center Fastighets AB, completed a SEK 200 million bond issue in 2025 to finance new development projects and repay shareholder loans, enhancing Trianon's liquidity position. In addition, Trianon has completed property sales exceeding SEK 1 billion, all at or above book value. The company reports a strong decrease in vacancies, with no vacancies in the residential segment, supporting improved profit margins. It is actively working to reduce properties rated F and G in energy classes with the goal of eliminating them entirely, reflecting a commitment to sustainability. The company’s strategic focus remains on growth through development and acquisition in the expanding Malmö area, targeting double-digit profit growth from property management. Fastighets AB Trianon’s operations reflect an integrated real estate business model combining ownership, development, and active property management aimed at both residential and commercial markets in Sweden, especially within the Malmö region, leveraging sustainable practices and financial optimization through joint ventures and market transactions to maintain a competitive position and generate shareholder value. The company has about 77 employees and is led by CEO Olof Andersson as of the latest reports in 2025. Recent financial highlights include a 29% increase in profit from property management in Q1 2025, indicating operational strength and effective portfolio management. The firm’s ongoing strategic initiatives focus on urban development, asset quality enhancement, and expanding the residential segment within a growing regional economy.