Negative net leasing drags Castellum shares down

Sagax AB

06/05/2025 08:40

** Shares in Castellum CAST.ST slide 7% to nearly bottom of STOXX index .STOXX after the landlord posted weaker-than-expected Q1 results

** Handelsbanken analyst Johan Edberg point out that Castellum's result from property management of SEK 1.06 billion ($109.9 million) for the quarter missed Infront consensus by 8%

** Analysts from Handelsbanken and Carlsquare flag the Swedish real estate group's negative net leasing of SEK 184 million

** Net leasing was impacted by challenging rental market and the bankruptcy of Northvolt, Castellum's CEO said in the report

** Castellum's peers Balder BALDb.ST, Sagax SAGAa.ST, Wallenstam WALLb.ST are down 2-3%

($1 = 9.6442 Swedish crowns)

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))