Sweden's Logistea Q1 profit doubles; proposes single share class structure

Logistea AB

28/04/2026 06:38

Overview

Sweden real estate firm's Q1 revenue rose 21% yr/yr, net operating income up 23%

Profit from property management rose 29% yr/yr, profit before tax more than doubled

Company acquired 14 properties, board proposes moving to single share class

Outlook

Logistea did not provide specific guidance for the current quarter or full year

Result Drivers

PROPERTY ACQUISITIONS - Co acquired 14 properties during the qtr, adding SEK 1.28 bln in value and SEK 96.5 mln in annual rental income

OPERATIONAL DISCIPLINE - CEO cited focus on cash flow, long-term leases and financial discipline as key to strong qtr

CURRENCY IMPACT - Property values were affected by currency fluctuations of SEK 274 mln

Company press release: ID:nMFN9XbCyl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value Per Share
SEK 17.60
Q1 Operating Income
SEK 266 mln
Q1 Pretax Profit
SEK 390 mln
Q1 Profit From Property Management
SEK 148 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Logistea AB is SEK20.00, about 37% above its December 12 closing price of SEK14.60

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)