Brinova Fastigheter AB Class B (BRIN.B) AI Stock Analysis

Brinova Fastigheter AB Class B

(Nasdaq OMX AB:BRIN.B)

Select Model

Rating:62Neutral

Price Target:SEK 12.00▲(6.67% Upside)

Action:reiterated

Date:10/27/26

The score is primarily supported by strong recent operating performance and a reasonable P/E ratio. High leverage, weak debt coverage, declining cash generation, and unfavorable medium- to long-term technical trends materially reduce the overall score.

Positive Factors

Recurring rental modelRecurring rental income provides a durable base for revenue because it is generated through ongoing leases rather than relying solely on property sales. Brinova’s active leasing, tenant management and asset operations can support occupancy and recurring net operating income over the next several quarters.

Negative Factors

Elevated leverageLeverage at this level makes financial outcomes more sensitive to weaker property valuations and less favorable financing conditions. Debt can amplify returns when markets are supportive, but it also reduces flexibility and increases the downside impact of weaker operating or valuation performance.

Brinova Fastigheter AB Class B (BRIN.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 2.59B
Dividend Yield: ―
Average Volume (3M): 43.51K
Price to Earnings (P/E): 11.9
Beta (1Y): 0.30
Revenue Growth: 33.83%
EPS Growth: 31.99%
Country: Sweden
Employees: 96
Sector: General
Sector Strength: 55
Industry: Real Estate - Services

Brinova Fastigheter AB Class B Business Overview & Revenue Model

Company Description

Brinova Fastigheter AB (publ), founded in 2011 and based in Helsingborg, Sweden, focuses on the acquisition, enhancement, and operation of residential rental units and public-use real estate throughout southern Sweden. The company further extends its...

How the Company Makes Money

Brinova makes money primarily through recurring rental income generated by leasing space in its property portfolio to tenants. Revenue is driven by (1) contracted rents from residential units and leased commercial/community premises, (2) indexation a...

Brinova Fastigheter AB Class B Financial Statement Overview

Summary

Revenue growth, margins, net income, and positive free cash flow are strengths, but high leverage, low return on equity, declining operating cash flow, and volatile historical performance constrain the score.

Income Statement

75Positive

Balance Sheet

62Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.09B	942.00M	545.40M	521.50M	463.80M	399.00M
Gross Profit	694.30M	625.40M	351.50M	338.80M	288.50M	251.90M
EBITDA	746.50M	505.90M	277.40M	-203.20M	498.90M	594.30M
Net Income	223.00M	73.10M	46.00M	-337.70M	289.70M	399.80M
Balance Sheet
Total Assets	19.28B	19.39B	8.67B	8.54B	8.89B	7.88B
Cash, Cash Equivalents and Short-Term Investments	103.60M	108.10M	31.00M	125.90M	173.70M	69.80M
Total Debt	11.07B	11.46B	5.26B	5.19B	5.16B	4.53B
Total Liabilities	11.86B	12.22B	5.80B	5.71B	5.73B	5.02B
Stockholders Equity	7.42B	7.17B	2.87B	2.82B	3.16B	2.86B
Cash Flow
Free Cash Flow	207.00M	294.20M	95.60M	136.10M	1.67B	146.50M
Operating Cash Flow	208.90M	297.40M	95.90M	136.90M	1.68B	147.30M
Investing Cash Flow	-90.40M	-352.30M	-255.40M	-278.40M	-4.98B	-923.70M
Financing Cash Flow	-141.50M	132.20M	64.60M	93.70M	4.34B	732.70M

Brinova Fastigheter AB Class B Technical Analysis

Technical Analysis SentimentNegative

Last Price11.25

Price Trends

50DMA11.83Negative

100DMA12.44Negative

200DMA13.16Negative

Market Momentum

MACD-0.14Negative

RSI43.19Neutral

STOCH51.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRIN.B, the sentiment is Negative. The current price of 11.25 is above the 20-day moving average (MA) of 11.20, below the 50-day MA of 11.83, and below the 200-day MA of 13.16, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 51.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BRIN.B.

Brinova Fastigheter AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:BRIN.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:GPG	62Neutral	SEK 1.39B	3.92	―	3.04%	6.60%	34.05%
SE:BRIN.B	62Neutral	SEK 2.59B	11.88	3.06%	―	33.83%	31.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:EAST	55Neutral	SEK 4.11B	12.29	―	2.95%	2.27%	-18.57%
SE:KFAST.B	54Neutral	SEK 2.32B	11.50	4.31%	―	40.50%	426.01%
SE:CORE.D	46Neutral	SEK 4.40B	-1.23	-14.22%	10.98%	-9.90%	-11.41%

* General Sector Average

Performance Comparison

SE:BRIN.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:BRIN.B	Brinova Fastigheter AB Class B	11.25	-5.45	-32.63%
SE:FNOVA.B	Fortinova Fastigheter AB	19.60	-6.80	-25.76%
SE:CORE.D	Corem Property Group AB Class D	182.20	-36.60	-16.73%
SE:KFAST.B	K-Fast Holding AB Class B	10.38	-4.18	-28.71%
SE:GPG	Genova Property Group AB	29.60	-11.93	-28.73%
SE:EAST	Eastnine AB	42.05	-6.16	-12.78%

Brinova Fastigheter AB Class B Corporate Events

Brinova lifts earnings as acquisitions and high occupancy drive growth

Oct 23, 2026

Brinova Fastigheter AB reported strong growth for January–September 2026, with rental income up 22 percent, mainly driven by the acquisition of K-Fastigheter Syd’s property portfolio. Net operating surplus rose 15 percent and profit from...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 27, 2026

Brinova Fastigheter AB Class B AI Stock Analysis