Corem Property Group AB
CORE B
ISIN SE0010714287 / Valor 39919749
Corem Property Group AB
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About company
Corem Property Group AB is a leading Swedish commercial real estate company, ranking among the top five in the country by both asset market value and floor space. The company manages a diversified portfolio of approximately 420 properties, totaling around three million square meters of lettable area, primarily comprising office and logistics spaces. While the majority of its assets are located in Sweden, Corem also maintains a presence in Denmark and New York City. In response to rising interest rates, Corem has strategically sold portions of its portfolio, including a significant SEK 5.35 billion logistics asset sale to Blackstone and a SEK 1.2 billion stake in Castellum, to strengthen its balance sheet and reduce debt. With total assets valued at SEK 85.3 billion as of March 2023, Corem benefits from a broad tenant base of approximately 3,800 investment-grade clients and properties situated in prime metropolitan areas. The company maintains a BBB- credit rating, supported by its financial resilience, diversified holdings, and focus on high-quality locations and tenants. Despite challenges from elevated energy prices impacting profitability in 2022, Corem is actively working to enhance its margins through measures such as reducing vacancies and improving energy efficiency.
Summarized from source with an LLMView SourceSector: FinanceKey figures
Performance
Volatility
543 M
Market cap (USD)
3,010,480
Daily traded volume (Shares)
6.69 / 6.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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