Sweden's Castellum Q4 net lettings turn positive

Castellum AB

18/02/2026 07:08

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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)