Sweden's Castellum Q4 net lettings turn positive

-2.59% Pre

Castellum, Inc.

CTM

0.83

-2.59%

0.00% Pre

Overview

Swedish property firm's Q4 net lettings positive, reversing earlier negative trend
Company's property portfolio value declined by SEK 2.5 bln in 2025
Board proposes share buybacks, no cash dividend for 2025

Outlook

Company proposes share buybacks instead of cash dividends for 2025
Castellum's operational focus remains on leasing activities
Board adopts new strategy focusing on profitability and capital allocation

Result Drivers

POSITIVE NET LETTINGS - Q4 net lettings were SEK 26 million, reversing earlier negative trend, indicating potential improvement in leasing activities
PROPERTY VALUE DECLINE - Property portfolio value decreased by SEK 2.5 billion in 2025, primarily due to revised expectations for future cash flows
REORGANIZATION - Castellum reorganized its head office to improve efficiency, resulting in a reduction of 30 employees

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
FY Net Income		SEK 938 mln
FY Investments		SEK 4.39 bln
FY Operating Income		SEK 6.52 bln
FY Profit From Property Management		SEK 4.61 bln

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Castellum AB is SEK125.00, about 15.3% above its February 17 closing price of SEK108.45
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nMFND5w3V

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