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The latest announcement is out from Catena Media ( (SE:CTM) ).
Catena reported a solid quarter with a 32% increase in profit from property management, reaching SEK 401 million. The company also saw a 25% rise in rental income and a 28% increase in net operating surplus. Catena’s strong financial performance is attributed to its low loan-to-value ratio and proactive strategies, positioning it well to seize opportunities and meet stakeholder demands.
The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.
More about Catena Media
Catena is a listed property company that focuses on sustainably developing and managing efficient logistics facilities. The company strategically positions its properties to serve Scandinavian metropolitan areas, aiming for strong cash flow and sustainable growth. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
Average Trading Volume: 225,716
Technical Sentiment Signal: Sell
Current Market Cap: SEK173.6M
See more insights into CTM stock on TipRanks’ Stock Analysis page.