Fastighets AB Trianon (publ)

Fastighets AB Trianon (publ)

TRIAN-B.ST
Fastighets AB Trianon (publ)SE flagStockholm Stock Exchange
17.40
SEK
-0.20
- -
3.21BMarket Cap
Fastighets AB Trianon (publ)
TRIAN-B.ST
(Stockholm Stock Exchange)

Recent

price

17.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.86
1.05
1.27
2.08
2.51
3.23
3.74
4.09
4.96
4.74
3.94
4.18
4.25
Revenue per Share
0.43
1.22
2.92
2.54
1.86
2.24
3.52
8.64
1.09
-1.3
1.15
1.64
1.64
Basic EPS, GAAP
0.1
0.51
0.53
0.68
1.09
1.07
1.21
1.73
2.8
0.81
0.66
1.11
1.16
Free Cash Flow per Basic 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
Dividend per Share
2.71
3.86
6.47
9.57
10.36
12.29
15.03
23.17
22.04
20.28
17.63
18.06
- -
Book Value per Share
4.41
6.08
8.6
14.41
15.02
21.1
24.6
34.73
34.19
31.57
27.64
28.2
29.22
Tangible Book Value per Share
131
131
137
126
137
138
148
151
157
159
196
188
184
Basic Weighted Avg Shares
114
137
174
262
344
446
553
618
779
754
772
787
784
Sales/Revenue/Turnover
50.4
52.55
52.18
51.45
50.77
55.91
56.94
54.93
46.9
57.03
59.68
57.69
57.85
Operating Margin (%)
1
- -
- -
- -
- -
1
1
1
2
2
2
2
- -
Depreciation Expense
56
160
402
319
256
310
520
1,305
171
-206
225
309
303
Net Income, GAAP
10.05
20.08
20.18
21.21
12.94
20.77
17.49
21.34
15.11
- -
26.56
20.16
19.59
Effective Tax Rate (%)
49.6
116.45
230.45
121.9
74.25
69.35
93.94
211.13
22.01
-27.33
29.1
39.2
38.7
Profit Margin (%)
16
-54
-96
-29
-130
-3,648
-1,304
-3,477
-3,036
-1,878
-3,278
-3,178
-3,460
Working Capital
807
1,228
1,795
2,473
3,284
1,041
4,254
3,618
4,308
5,421
4,299
3,912
4,126
LT Debt
580
799
1,182
1,811
2,064
2,917
3,635
5,244
5,373
5,020
5,415
5,312
5,388
Total Equity
- -
3.35
2.87
2.89
3.12
3.02
3.04
2.46
2.49
- -
2.67
2.85
2.91
Return on Invested Capital (%)
- -
11.53
18.35
9.68
6.62
6.45
7.89
14.76
2.84
- -
4.14
4.79
6.83
Return on Capital (%)
- -
37.07
57.57
30.48
19.48
19.83
26.51
45.62
4.92
-6.16
6.73
9
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,305
3,175
3,416
LT Borrowings
3,491
3,730
3,908
LT Finance Leases
182
182
219
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
184
184
184
Market Capitalization
3,748
3,757
3,301

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
344
247
235
Cash, Cash Equivalents & STI
129
138
106
Accounts Receivable, Net
136
21
119
Inventories
- -
- -
- -
Total Current Liabilities
3,554
3,426
3,694
Payables & Accruals
- -
- -
- -
ST Debt
3,305
3,175
3,416
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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

FRC

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

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
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

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
- -
- -
- -
- -
- -
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.