Corem Property Group AB Class A (CORE.A) AI Stock Analysis

Corem Property Group AB Class A

(Nasdaq OMX AB:CORE.A)

Select Model

Rating:37Underperform

Price Target:SEK 3.00▼(-9.09% Downside)

Action:reiterated

Date:10/23/26

Corem Property Group scores low primarily because of its strained financial profile: high leverage near 2x debt-to-equity, a halving of shareholders' equity since 2021, shrinking revenue from ongoing disposals, and four straight periods of net losses from property write-downs. Positive operating cash flow of SEK 878m and healthy operating margins show the core rental business still functions, but cash generation covers less than 10% of borrowings, leaving the company reliant on asset sales and refinancing markets. Technicals reinforce the caution, with the share price below all major moving averages and negative MACD momentum, though deeply oversold RSI and stochastic readings hint at scope for a short-term rebound. Valuation offers little support given negative earnings, and while the 3.4% dividend yield is appealing, its durability is uncertain until property values stabilise and profitability returns.

Positive Factors

Recurring commercial property modelCorem’s ownership and management of leased commercial properties provides a recurring rental base rather than reliance solely on property sales. Its logistics, industrial and office exposure, together with active leasing and asset management, supports durable operating relevance over the coming quarters.

Negative Factors

Multi-year revenue contractionPersistent revenue contraction indicates that Corem is not currently expanding its rental base or operating income at a durable rate. Continued shrinkage can reduce the resources available for reinvestment, weaken fixed-cost absorption, and constrain recovery in reported profitability.

Corem Property Group AB Class A (CORE.A) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 4.40B
Dividend Yield: 3.03%
Average Volume (3M): 9,782
Price to Earnings (P/E): -1.2
Beta (1Y): 0.57
Revenue Growth: -9.90%
EPS Growth: -11.41%
Country: Sweden
Employees: 267
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Diversified

Corem Property Group AB Class A Business Overview & Revenue Model

Company Description

Corem Property Group AB (publ) is a real estate firm specializing in the acquisition, management, and development of various property types, including industrial, warehouse, logistics, and retail spaces, across the Nordic region. As of December 31, 2...

How the Company Makes Money

Corem Property Group makes money primarily through rental income from its investment property portfolio. Tenants sign lease agreements (typically multi-year for commercial premises), and Corem earns recurring revenue via base rent and, where applicab...

Corem Property Group AB Class A Financial Statement Overview

Summary

Financials are weak and higher-risk. Revenue has steadily declined from roughly SEK 4.5bn in 2022 to SEK 3.2bn on a trailing twelve-month basis as properties are sold, and the company has reported four consecutive periods of net losses (-SEK 2.26bn TTM) driven by property write-downs and heavy financing costs. The balance sheet is the main pressure point: debt of about SEK 30bn versus equity of SEK 15.4bn gives leverage near 2.0x, with equity more than halved since 2021 and return on equity negative at -14%. The brighter spot is cash generation — operating cash flow remains positive at SEK 878m and free cash flow at SEK 271m, confirming losses are largely non-cash — but that cash covers under 10% of total debt, leaving the company dependent on asset sales and refinancing. Operating margins above 50% show the underlying rental business is sound, which keeps the score from falling further.

Income Statement

28Negative

Balance Sheet

33Negative

Cash Flow

43Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.21B	3.46B	3.69B	4.24B	4.49B	2.91B
Gross Profit	2.01B	2.21B	2.36B	2.88B	2.93B	1.87B
EBITDA	1.65B	-2.62B	118.00M	2.73B	-1.29B	6.40B
Net Income	-2.26B	-3.31B	-1.06B	-7.97B	3.03B	4.58B
Balance Sheet
Total Assets	52.25B	53.13B	61.78B	64.85B	90.86B	92.24B
Cash, Cash Equivalents and Short-Term Investments	163.00M	1.80B	586.00M	429.00M	2.08B	571.00M
Total Debt	30.18B	30.14B	32.97B	34.71B	49.54B	47.83B
Total Liabilities	36.80B	36.64B	40.27B	42.83B	59.55B	58.30B
Stockholders Equity	15.45B	16.49B	21.51B	22.00B	31.27B	33.34B
Cash Flow
Free Cash Flow	271.00M	812.00M	920.00M	718.00M	2.19B	927.00M
Operating Cash Flow	878.00M	812.00M	920.00M	718.00M	2.23B	1.19B
Investing Cash Flow	538.00M	3.73B	1.67B	13.83B	-1.29B	-954.00M
Financing Cash Flow	-1.57B	-3.29B	-2.44B	-15.10B	-583.00M	356.00M

Corem Property Group AB Class A Technical Analysis

Technical Analysis SentimentNeutral

Last Price3.30

Price Trends

50DMA3.41Negative

100DMA3.41Negative

200DMA3.61Negative

Market Momentum

MACD-0.05Negative

RSI54.44Neutral

STOCH90.78Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CORE.A, the sentiment is Neutral. The current price of 3.30 is above the 20-day moving average (MA) of 3.17, below the 50-day MA of 3.41, and below the 200-day MA of 3.61, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 54.44 is Neutral, neither overbought nor oversold. The STOCH value of 90.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:CORE.A.

Corem Property Group AB Class A Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

SE:CORE.A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:CIBUS	69Neutral	SEK 10.64B	11.08	8.61%	7.60%	20.22%	86.66%
SE:ALTRA	67Neutral	SEK 15.06B	12.86	6.96%	3.72%	-2.40%	118.68%
SE:DIOS	67Neutral	SEK 8.08B	6.78	9.69%	4.11%	0.99%	49.31%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SE:PLAZ.B	63Neutral	SEK 7.30B	8.86	6.16%	3.61%	0.51%	16.31%
SE:ATRLJ.B	53Neutral	SEK 13.59B	22.30	2.13%	5.18%	8.14%	-44.09%
SE:CORE.A	37Underperform	SEK 4.40B	-1.23	-14.22%	3.03%	-9.90%	-11.41%

* Real Estate Sector Average

Performance Comparison

SE:CORE.A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:CORE.A	Corem Property Group AB Class A	3.30	-0.79	-19.28%
SE:PLAZ.B	Platzer Fastigheter Holding AB Class B	60.90	-9.80	-13.86%
SE:ATRLJ.B	Atrium Ljungberg AB Class B	21.25	-11.97	-36.02%
SE:CIBUS	Cibus Nordic Real Estate AB	129.60	-25.00	-16.17%
SE:DIOS	Dios Fastigheter AB	57.15	-5.55	-8.86%
SE:ALTRA	Nyfosa AB	78.05	0.02	0.02%

Corem Property Group AB Class A Corporate Events

Corem Property Group Balances Portfolio Streamlining With Strong Leasing Amid Market Recovery

Oct 21, 2026

Corem Property Group reported weaker headline figures for the first nine months of 2026, with income and operating surplus falling year-on-year as a result of property divestments and a smaller portfolio. Profit from property management was broadly s...

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 23, 2026

Corem Property Group AB Class A AI Stock Analysis