2026 Q2 - tulosraportti
85 päivää sitten
‧27 min
0,05 SEK/osake
Irtoamispäivä 29.12.
1,23%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 64 | - | - | ||
| 6 874 | - | - | ||
| 2 070 | - | - | ||
| 2 093 | - | - | ||
| 394 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
NimiOsuus
ODIN Kiinteistö C EUR
3,17%Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 9.7. | ||
2026 Q1 - tulosraportti 28.4. | ||
2025 Q4 - tulosraportti 13.2. | ||
2025 Q3 - tulosraportti 22.10.2025 | ||
2025 Q2 - tulosraportti 11.7.2025 |
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·1 päivä sittenCost of Equity for Logistea is around 12% while actual ROE is 9%. As long as ROE is below the cost of equity, P/B < 1. Good to keep in mind:)
The claim is theoretically correct, but a bit too simple when applied to a real estate company like Logistea. If we take the figures in the statement as given: - Cost of Equity: 12 % - Actual Return on Equity (ROE): 9 % Then the market is practically saying: «In order for us to pay 1 crown for 1 crown of book equity, this equity must be able to yield approximately 12 % return. When it only yields 9 %, we will pay less than 1 crown.» Therefore, one normally gets a P/B below 1. A simple model shows the relationship. If we disregard growth: P/B ≈ ROE / Cost of Equity Then it becomes: 9 % / 12 % = 0,75 Thus approximately P/B 0,75. But here comes the important part for Logistea: ROE is not necessarily the best measure. For a real estate company, book equity is affected by property values, deferred tax, changes in the value of derivatives, currency, etc. Therefore, I would rather look at FFO/equity, FFO per share, NAV/EPRA NRV, return on new investments, and the financing cost. And this is where it gets interesting. If Logistea, for example, can acquire real estate at a 7,5–8 % initial yield, finance part of the purchase with debt at around 4–5 %, and at the same time achieve CPI/NOI growth, the return on marginal equity can be clearly higher than the historical booked ROE of 9 %. It is precisely this I would challenge in the statement. The correct question is not just: «Does Logistea have a 9 % ROE against a 12 % cost of equity?» but: «What is Logistea earning now on the equity that the share is actually priced at?» If the share, for example, trades at 70–75 % of NAV, you are not buying one crown of equity for one crown. You are buying it for 70–75 øre. Then the return on your invested capital becomes significantly higher. Example: If book equity is 20 kr/share and earnings/normalized return correspond to 1,80 kr, the ROE is: 1,80 / 20 = 9 % But if you buy the share for 14 kr: 1,80 / 14 = 12,9 % Then you are suddenly above a cost of equity of 12 %, even though the company's booked ROE is still only 9 %. So the comment shows good textbook theory, but it potentially overlooks the most interesting aspect about Logistea: the discount to NAV means that the shareholder's current return can be far higher than the company's booked ROE. And if FFO per share continues to rise at the same time, the argument for a sustained P/B < 1 becomes weaker, all else being equal.- 2 päivää sittenI adjusted Q2 numbers for last two aqusitions. Very simple math, but just to see the logic. P.S. I dont like DSV deal because large properties are advantage when everything is leased. But if something goes wrong, it is very difficult to re-lease it due to lack of potential tenants. Seen it few times.Why do you assume 100 % debt financing of both acquisitions. They have plenty of cash and cash flow that can be used. If parts are financed with cash/accumulated FFO and there is a high probability the actual financing cost will be lower than 4,4 % since counterparties are rock-solid which should imply low bank margins. I would use approx. 4%.
- 3 päivää sitten · Muokattu4 properties, 7.7 % yield, triple-net, 11y WAULT sounds promising :) Most probably increase in LTV, but nothing to worry about.
Good to utilize the headroom in the LTV, especially when financing is secured at such favorable terms. A great acquisition this, which confirms the growth pace the company is laying out. Not impossible that we can approach a management result (run rate) of NOK 1.5/share here by the New Year. - ·26.9."You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you're comfortable with the holding... There have been three times in Berkshire's history when the price of Berkshire stock went down 50%. Three different times. Now, if you owned it on borrowed money, you know, you could have been cleaned out—but there wasn't anything wrong with Berkshire." I feel like this hits pretty close to home with Logistea now. The case is 100% intact and management will continue the disciplined operation of the company and deliver good returns on equity for many, many years. Nothing is wrong with the company and here there are cheap shares to be had for those with a long horizon.
Might take a small position in due course. Think Logistea is still a bit too expensive:) - ·24.9.Now one should be glad Logistea has sensible gearing.
Here you will be paid for discipline and patience . When sentiment turns and rotation comes we will be well paid for owning the best of the best within the sector.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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.
Tuotteita joiden kohde-etuutena tämä arvopaperi
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2026 Q2 - tulosraportti
85 päivää sitten
‧27 min
0,05 SEK/osake
Irtoamispäivä 29.12.
1,23%Tuotto/v
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 päivä sittenCost of Equity for Logistea is around 12% while actual ROE is 9%. As long as ROE is below the cost of equity, P/B < 1. Good to keep in mind:)The claim is theoretically correct, but a bit too simple when applied to a real estate company like Logistea. If we take the figures in the statement as given: - Cost of Equity: 12 % - Actual Return on Equity (ROE): 9 % Then the market is practically saying: «In order for us to pay 1 crown for 1 crown of book equity, this equity must be able to yield approximately 12 % return. When it only yields 9 %, we will pay less than 1 crown.» Therefore, one normally gets a P/B below 1. A simple model shows the relationship. If we disregard growth: P/B ≈ ROE / Cost of Equity Then it becomes: 9 % / 12 % = 0,75 Thus approximately P/B 0,75. But here comes the important part for Logistea: ROE is not necessarily the best measure. For a real estate company, book equity is affected by property values, deferred tax, changes in the value of derivatives, currency, etc. Therefore, I would rather look at FFO/equity, FFO per share, NAV/EPRA NRV, return on new investments, and the financing cost. And this is where it gets interesting. If Logistea, for example, can acquire real estate at a 7,5–8 % initial yield, finance part of the purchase with debt at around 4–5 %, and at the same time achieve CPI/NOI growth, the return on marginal equity can be clearly higher than the historical booked ROE of 9 %. It is precisely this I would challenge in the statement. The correct question is not just: «Does Logistea have a 9 % ROE against a 12 % cost of equity?» but: «What is Logistea earning now on the equity that the share is actually priced at?» If the share, for example, trades at 70–75 % of NAV, you are not buying one crown of equity for one crown. You are buying it for 70–75 øre. Then the return on your invested capital becomes significantly higher. Example: If book equity is 20 kr/share and earnings/normalized return correspond to 1,80 kr, the ROE is: 1,80 / 20 = 9 % But if you buy the share for 14 kr: 1,80 / 14 = 12,9 % Then you are suddenly above a cost of equity of 12 %, even though the company's booked ROE is still only 9 %. So the comment shows good textbook theory, but it potentially overlooks the most interesting aspect about Logistea: the discount to NAV means that the shareholder's current return can be far higher than the company's booked ROE. And if FFO per share continues to rise at the same time, the argument for a sustained P/B < 1 becomes weaker, all else being equal.
- 2 päivää sittenI adjusted Q2 numbers for last two aqusitions. Very simple math, but just to see the logic. P.S. I dont like DSV deal because large properties are advantage when everything is leased. But if something goes wrong, it is very difficult to re-lease it due to lack of potential tenants. Seen it few times.Why do you assume 100 % debt financing of both acquisitions. They have plenty of cash and cash flow that can be used. If parts are financed with cash/accumulated FFO and there is a high probability the actual financing cost will be lower than 4,4 % since counterparties are rock-solid which should imply low bank margins. I would use approx. 4%.
- 3 päivää sitten · Muokattu4 properties, 7.7 % yield, triple-net, 11y WAULT sounds promising :) Most probably increase in LTV, but nothing to worry about.Good to utilize the headroom in the LTV, especially when financing is secured at such favorable terms. A great acquisition this, which confirms the growth pace the company is laying out. Not impossible that we can approach a management result (run rate) of NOK 1.5/share here by the New Year.
- ·26.9."You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you're comfortable with the holding... There have been three times in Berkshire's history when the price of Berkshire stock went down 50%. Three different times. Now, if you owned it on borrowed money, you know, you could have been cleaned out—but there wasn't anything wrong with Berkshire." I feel like this hits pretty close to home with Logistea now. The case is 100% intact and management will continue the disciplined operation of the company and deliver good returns on equity for many, many years. Nothing is wrong with the company and here there are cheap shares to be had for those with a long horizon.Might take a small position in due course. Think Logistea is still a bit too expensive:)
- ·24.9.Now one should be glad Logistea has sensible gearing.Here you will be paid for discipline and patience . When sentiment turns and rotation comes we will be well paid for owning the best of the best within the sector.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 64 | - | - | ||
| 6 874 | - | - | ||
| 2 070 | - | - | ||
| 2 093 | - | - | ||
| 394 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
NimiOsuus
ODIN Kiinteistö C EUR
3,17%Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 9.7. | ||
2026 Q1 - tulosraportti 28.4. | ||
2025 Q4 - tulosraportti 13.2. | ||
2025 Q3 - tulosraportti 22.10.2025 | ||
2025 Q2 - tulosraportti 11.7.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q2 - tulosraportti
85 päivää sitten
‧27 min
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: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 9.7. | ||
2026 Q1 - tulosraportti 28.4. | ||
2025 Q4 - tulosraportti 13.2. | ||
2025 Q3 - tulosraportti 22.10.2025 | ||
2025 Q2 - tulosraportti 11.7.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
0,05 SEK/osake
Irtoamispäivä 29.12.
1,23%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 päivä sittenCost of Equity for Logistea is around 12% while actual ROE is 9%. As long as ROE is below the cost of equity, P/B < 1. Good to keep in mind:)The claim is theoretically correct, but a bit too simple when applied to a real estate company like Logistea. If we take the figures in the statement as given: - Cost of Equity: 12 % - Actual Return on Equity (ROE): 9 % Then the market is practically saying: «In order for us to pay 1 crown for 1 crown of book equity, this equity must be able to yield approximately 12 % return. When it only yields 9 %, we will pay less than 1 crown.» Therefore, one normally gets a P/B below 1. A simple model shows the relationship. If we disregard growth: P/B ≈ ROE / Cost of Equity Then it becomes: 9 % / 12 % = 0,75 Thus approximately P/B 0,75. But here comes the important part for Logistea: ROE is not necessarily the best measure. For a real estate company, book equity is affected by property values, deferred tax, changes in the value of derivatives, currency, etc. Therefore, I would rather look at FFO/equity, FFO per share, NAV/EPRA NRV, return on new investments, and the financing cost. And this is where it gets interesting. If Logistea, for example, can acquire real estate at a 7,5–8 % initial yield, finance part of the purchase with debt at around 4–5 %, and at the same time achieve CPI/NOI growth, the return on marginal equity can be clearly higher than the historical booked ROE of 9 %. It is precisely this I would challenge in the statement. The correct question is not just: «Does Logistea have a 9 % ROE against a 12 % cost of equity?» but: «What is Logistea earning now on the equity that the share is actually priced at?» If the share, for example, trades at 70–75 % of NAV, you are not buying one crown of equity for one crown. You are buying it for 70–75 øre. Then the return on your invested capital becomes significantly higher. Example: If book equity is 20 kr/share and earnings/normalized return correspond to 1,80 kr, the ROE is: 1,80 / 20 = 9 % But if you buy the share for 14 kr: 1,80 / 14 = 12,9 % Then you are suddenly above a cost of equity of 12 %, even though the company's booked ROE is still only 9 %. So the comment shows good textbook theory, but it potentially overlooks the most interesting aspect about Logistea: the discount to NAV means that the shareholder's current return can be far higher than the company's booked ROE. And if FFO per share continues to rise at the same time, the argument for a sustained P/B < 1 becomes weaker, all else being equal.
- 2 päivää sittenI adjusted Q2 numbers for last two aqusitions. Very simple math, but just to see the logic. P.S. I dont like DSV deal because large properties are advantage when everything is leased. But if something goes wrong, it is very difficult to re-lease it due to lack of potential tenants. Seen it few times.Why do you assume 100 % debt financing of both acquisitions. They have plenty of cash and cash flow that can be used. If parts are financed with cash/accumulated FFO and there is a high probability the actual financing cost will be lower than 4,4 % since counterparties are rock-solid which should imply low bank margins. I would use approx. 4%.
- 3 päivää sitten · Muokattu4 properties, 7.7 % yield, triple-net, 11y WAULT sounds promising :) Most probably increase in LTV, but nothing to worry about.Good to utilize the headroom in the LTV, especially when financing is secured at such favorable terms. A great acquisition this, which confirms the growth pace the company is laying out. Not impossible that we can approach a management result (run rate) of NOK 1.5/share here by the New Year.
- ·26.9."You've got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you're comfortable with the holding... There have been three times in Berkshire's history when the price of Berkshire stock went down 50%. Three different times. Now, if you owned it on borrowed money, you know, you could have been cleaned out—but there wasn't anything wrong with Berkshire." I feel like this hits pretty close to home with Logistea now. The case is 100% intact and management will continue the disciplined operation of the company and deliver good returns on equity for many, many years. Nothing is wrong with the company and here there are cheap shares to be had for those with a long horizon.Might take a small position in due course. Think Logistea is still a bit too expensive:)
- ·24.9.Now one should be glad Logistea has sensible gearing.Here you will be paid for discipline and patience . When sentiment turns and rotation comes we will be well paid for owning the best of the best within the sector.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 64 | - | - | ||
| 6 874 | - | - | ||
| 2 070 | - | - | ||
| 2 093 | - | - | ||
| 394 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
NimiOsuus
ODIN Kiinteistö C EUR
3,17%Asiakkaat katsoivat myös
Välittäjätilasto
Dataa ei löytynyt