2025 Q4 -tulosraportti
UUTTA
3 päivää sitten45 min
Tarjoustasot
Nasdaq Stockholm
Määrä
Osto
456 062
Myynti
Määrä
450 059
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 383 | - | - | ||
| 386 | - | - | ||
| 115 | - | - | ||
| 12 | - | - | ||
| 374 | - | - |
Ylin
67,5VWAP
Alin
65,48VaihtoMäärä
161,5 2 423 368
VWAP
Ylin
67,5Alin
65,48VaihtoMäärä
161,5 2 423 368
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2026 Q1 -tulosraportti | 8.5. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q4 -tulosraportti | 6.2. | |
| 2025 Q3 -tulosraportti | 28.10.2025 | |
| 2025 Q2 -tulosraportti | 15.7.2025 | |
| 2025 Q1 -tulosraportti | 8.5.2025 | |
| 2024 Q4 -tulosraportti | 7.2.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·2 päivää sitten · MuokattuExcerpt from a report generated with Claude 4.5 Sonnet, which creates reports for me for some stocks as needed, based on both technical and fundamental analysis, where the figures are based on API from Yahoo. This is not a buy recommendation for everyone, but made for me. 🎯 Conclusion and recommendation The honest truth Fastighets AB Balder has delivered an impressive turnaround in 2025. From a catastrophic 2023 with a loss of 6.7 billion SEK, the company has now delivered an annual result of 7.6 billion SEK in 2025. Rental income is growing by 7%, earnings from property management per share are up 5%, and NAV has increased to 93.96 SEK. All this while the share trades at 66-67 SEK – a 29% discount. This is not normal. Either the market is irrational, or there is something fundamentally wrong with Balder that is not reflected in the figures. I have thoroughly reviewed the report, and there are no red flags. The equity ratio is 38.5% (almost back to the target of 40%), the interest coverage ratio is 2.7x (well above the target of 2.0x), and occupancy rates are high at 96%. The only "weakness" is Net debt/EBITDA at 12.0x, but this will naturally improve as earnings continue to grow. So why is the share trading so low? Because the market is irrational. The real estate sector has gained a bad reputation after SBB's crisis, and investors still believe in a "worst-case" scenario with new interest rate hikes. But the Riksbank has cut interest rates throughout 2025, and more cuts are expected in 2026. The real estate crisis is over. Action plan For existing position: * HOLD and accumulate on weakness. If the share falls to 60-62 SEK, buy more. If it rises to 80+ SEK, still hold (NAV is 94 SEK). For new position: * BUY in the range of 65-70 SEK. This provides an upside of 27-35% towards 85-90 SEK (still 10% below NAV) within 12-18 months. * Long-term target: 93-95 SEK (towards NAV) within 18-24 months (+40-50%). * If you believe in a full normalization: 100+ SEK is possible if the market starts pricing Balder above NAV (as was the case before 2022). What to wait for: * Quarterly reports – monitor rental income growth, occupancy rate, and value changes. * The Riksbank's interest rate decisions – more interest rate cuts will drive the share price upwards. * Transaction activity in the real estate market – more transactions = normalization. If you believe the real estate crisis will return: * WAIT until the equity ratio reaches 40% and Net debt/EBITDA falls to 11x before buying. * Or CHOOSE ANOTHER SECTOR if you are skeptical of real estate in general. The final word Fastighets AB Balder is one of the best turnaround candidates in Nordic real estate. The company has managed to navigate the crisis better than most competitors, and the fruits of this discipline are now being reaped. With Erik Selin at the helm, a diversified portfolio, and a share price trading at a 29% discount to NAV, it is difficult to argue against this being an attractive long-term investment. Yes, there are risks. But the risk is far lower than what the market prices in. If you are a value investor who can tolerate volatility and has the patience to wait for the market to normalize, this is a buying opportunity. My personal view: I would buy the share in the range of 65-70 SEK and hold until at least 85-90 SEK (27-35% upside). If the market fully normalizes, the upside could be 50-80%. The downside risk is approximately 15-25% if the "worst-case" scenario occurs (which I give a 10-15% probability). The risk/reward ratio is clearly in favor of buying.
·2 päivää sittenTwo additions to the otherwise good review: 1) They are considering share buybacks, which makes good sense with the NAV discount in mind 2) This generally applies to European real estate companies, that they trade at a significant discount to intrinsic value/NAV
·27.1.Has been at -15% for about 1.5 years now. What do you think, sell off and buy something else or stay put for a while longer?
·28.1.Stay put and average down your cost basis if you can. There will be a 20% increase from here, as well as a dividend from norion during the year. I am buying more.
·28.12.2025Good timing now, I think, for those with a bit of patience in a stock with medium risk and streamlining potential. Buybacks are also on the table as the company is now evaluating where the cash flow provides the most benefit. Own shares or new properties or amortization. Erik Selin does the job for you!
·27.11.2025Entra in Norway is overvalued. Hence a P/B under 1.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q4 -tulosraportti
UUTTA
3 päivää sitten45 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·2 päivää sitten · MuokattuExcerpt from a report generated with Claude 4.5 Sonnet, which creates reports for me for some stocks as needed, based on both technical and fundamental analysis, where the figures are based on API from Yahoo. This is not a buy recommendation for everyone, but made for me. 🎯 Conclusion and recommendation The honest truth Fastighets AB Balder has delivered an impressive turnaround in 2025. From a catastrophic 2023 with a loss of 6.7 billion SEK, the company has now delivered an annual result of 7.6 billion SEK in 2025. Rental income is growing by 7%, earnings from property management per share are up 5%, and NAV has increased to 93.96 SEK. All this while the share trades at 66-67 SEK – a 29% discount. This is not normal. Either the market is irrational, or there is something fundamentally wrong with Balder that is not reflected in the figures. I have thoroughly reviewed the report, and there are no red flags. The equity ratio is 38.5% (almost back to the target of 40%), the interest coverage ratio is 2.7x (well above the target of 2.0x), and occupancy rates are high at 96%. The only "weakness" is Net debt/EBITDA at 12.0x, but this will naturally improve as earnings continue to grow. So why is the share trading so low? Because the market is irrational. The real estate sector has gained a bad reputation after SBB's crisis, and investors still believe in a "worst-case" scenario with new interest rate hikes. But the Riksbank has cut interest rates throughout 2025, and more cuts are expected in 2026. The real estate crisis is over. Action plan For existing position: * HOLD and accumulate on weakness. If the share falls to 60-62 SEK, buy more. If it rises to 80+ SEK, still hold (NAV is 94 SEK). For new position: * BUY in the range of 65-70 SEK. This provides an upside of 27-35% towards 85-90 SEK (still 10% below NAV) within 12-18 months. * Long-term target: 93-95 SEK (towards NAV) within 18-24 months (+40-50%). * If you believe in a full normalization: 100+ SEK is possible if the market starts pricing Balder above NAV (as was the case before 2022). What to wait for: * Quarterly reports – monitor rental income growth, occupancy rate, and value changes. * The Riksbank's interest rate decisions – more interest rate cuts will drive the share price upwards. * Transaction activity in the real estate market – more transactions = normalization. If you believe the real estate crisis will return: * WAIT until the equity ratio reaches 40% and Net debt/EBITDA falls to 11x before buying. * Or CHOOSE ANOTHER SECTOR if you are skeptical of real estate in general. The final word Fastighets AB Balder is one of the best turnaround candidates in Nordic real estate. The company has managed to navigate the crisis better than most competitors, and the fruits of this discipline are now being reaped. With Erik Selin at the helm, a diversified portfolio, and a share price trading at a 29% discount to NAV, it is difficult to argue against this being an attractive long-term investment. Yes, there are risks. But the risk is far lower than what the market prices in. If you are a value investor who can tolerate volatility and has the patience to wait for the market to normalize, this is a buying opportunity. My personal view: I would buy the share in the range of 65-70 SEK and hold until at least 85-90 SEK (27-35% upside). If the market fully normalizes, the upside could be 50-80%. The downside risk is approximately 15-25% if the "worst-case" scenario occurs (which I give a 10-15% probability). The risk/reward ratio is clearly in favor of buying.·2 päivää sittenTwo additions to the otherwise good review: 1) They are considering share buybacks, which makes good sense with the NAV discount in mind 2) This generally applies to European real estate companies, that they trade at a significant discount to intrinsic value/NAV
- ·27.1.Has been at -15% for about 1.5 years now. What do you think, sell off and buy something else or stay put for a while longer?·28.1.Stay put and average down your cost basis if you can. There will be a 20% increase from here, as well as a dividend from norion during the year. I am buying more.
- ·28.12.2025Good timing now, I think, for those with a bit of patience in a stock with medium risk and streamlining potential. Buybacks are also on the table as the company is now evaluating where the cash flow provides the most benefit. Own shares or new properties or amortization. Erik Selin does the job for you!
- ·27.11.2025Entra in Norway is overvalued. Hence a P/B under 1.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Stockholm
Määrä
Osto
456 062
Myynti
Määrä
450 059
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 383 | - | - | ||
| 386 | - | - | ||
| 115 | - | - | ||
| 12 | - | - | ||
| 374 | - | - |
Ylin
67,5VWAP
Alin
65,48VaihtoMäärä
161,5 2 423 368
VWAP
Ylin
67,5Alin
65,48VaihtoMäärä
161,5 2 423 368
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2026 Q1 -tulosraportti | 8.5. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q4 -tulosraportti | 6.2. | |
| 2025 Q3 -tulosraportti | 28.10.2025 | |
| 2025 Q2 -tulosraportti | 15.7.2025 | |
| 2025 Q1 -tulosraportti | 8.5.2025 | |
| 2024 Q4 -tulosraportti | 7.2.2025 |
2025 Q4 -tulosraportti
UUTTA
3 päivää sitten45 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2026 Q1 -tulosraportti | 8.5. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q4 -tulosraportti | 6.2. | |
| 2025 Q3 -tulosraportti | 28.10.2025 | |
| 2025 Q2 -tulosraportti | 15.7.2025 | |
| 2025 Q1 -tulosraportti | 8.5.2025 | |
| 2024 Q4 -tulosraportti | 7.2.2025 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·2 päivää sitten · MuokattuExcerpt from a report generated with Claude 4.5 Sonnet, which creates reports for me for some stocks as needed, based on both technical and fundamental analysis, where the figures are based on API from Yahoo. This is not a buy recommendation for everyone, but made for me. 🎯 Conclusion and recommendation The honest truth Fastighets AB Balder has delivered an impressive turnaround in 2025. From a catastrophic 2023 with a loss of 6.7 billion SEK, the company has now delivered an annual result of 7.6 billion SEK in 2025. Rental income is growing by 7%, earnings from property management per share are up 5%, and NAV has increased to 93.96 SEK. All this while the share trades at 66-67 SEK – a 29% discount. This is not normal. Either the market is irrational, or there is something fundamentally wrong with Balder that is not reflected in the figures. I have thoroughly reviewed the report, and there are no red flags. The equity ratio is 38.5% (almost back to the target of 40%), the interest coverage ratio is 2.7x (well above the target of 2.0x), and occupancy rates are high at 96%. The only "weakness" is Net debt/EBITDA at 12.0x, but this will naturally improve as earnings continue to grow. So why is the share trading so low? Because the market is irrational. The real estate sector has gained a bad reputation after SBB's crisis, and investors still believe in a "worst-case" scenario with new interest rate hikes. But the Riksbank has cut interest rates throughout 2025, and more cuts are expected in 2026. The real estate crisis is over. Action plan For existing position: * HOLD and accumulate on weakness. If the share falls to 60-62 SEK, buy more. If it rises to 80+ SEK, still hold (NAV is 94 SEK). For new position: * BUY in the range of 65-70 SEK. This provides an upside of 27-35% towards 85-90 SEK (still 10% below NAV) within 12-18 months. * Long-term target: 93-95 SEK (towards NAV) within 18-24 months (+40-50%). * If you believe in a full normalization: 100+ SEK is possible if the market starts pricing Balder above NAV (as was the case before 2022). What to wait for: * Quarterly reports – monitor rental income growth, occupancy rate, and value changes. * The Riksbank's interest rate decisions – more interest rate cuts will drive the share price upwards. * Transaction activity in the real estate market – more transactions = normalization. If you believe the real estate crisis will return: * WAIT until the equity ratio reaches 40% and Net debt/EBITDA falls to 11x before buying. * Or CHOOSE ANOTHER SECTOR if you are skeptical of real estate in general. The final word Fastighets AB Balder is one of the best turnaround candidates in Nordic real estate. The company has managed to navigate the crisis better than most competitors, and the fruits of this discipline are now being reaped. With Erik Selin at the helm, a diversified portfolio, and a share price trading at a 29% discount to NAV, it is difficult to argue against this being an attractive long-term investment. Yes, there are risks. But the risk is far lower than what the market prices in. If you are a value investor who can tolerate volatility and has the patience to wait for the market to normalize, this is a buying opportunity. My personal view: I would buy the share in the range of 65-70 SEK and hold until at least 85-90 SEK (27-35% upside). If the market fully normalizes, the upside could be 50-80%. The downside risk is approximately 15-25% if the "worst-case" scenario occurs (which I give a 10-15% probability). The risk/reward ratio is clearly in favor of buying.·2 päivää sittenTwo additions to the otherwise good review: 1) They are considering share buybacks, which makes good sense with the NAV discount in mind 2) This generally applies to European real estate companies, that they trade at a significant discount to intrinsic value/NAV
- ·27.1.Has been at -15% for about 1.5 years now. What do you think, sell off and buy something else or stay put for a while longer?·28.1.Stay put and average down your cost basis if you can. There will be a 20% increase from here, as well as a dividend from norion during the year. I am buying more.
- ·28.12.2025Good timing now, I think, for those with a bit of patience in a stock with medium risk and streamlining potential. Buybacks are also on the table as the company is now evaluating where the cash flow provides the most benefit. Own shares or new properties or amortization. Erik Selin does the job for you!
- ·27.11.2025Entra in Norway is overvalued. Hence a P/B under 1.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Stockholm
Määrä
Osto
456 062
Myynti
Määrä
450 059
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 383 | - | - | ||
| 386 | - | - | ||
| 115 | - | - | ||
| 12 | - | - | ||
| 374 | - | - |
Ylin
67,5VWAP
Alin
65,48VaihtoMäärä
161,5 2 423 368
VWAP
Ylin
67,5Alin
65,48VaihtoMäärä
161,5 2 423 368
Välittäjätilasto
Dataa ei löytynyt