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Eastnine AB (EAST) AI Stock Analysis
Eastnine AB
(Nasdaq OMX AB:EAST)
Financial performance and earnings call are the dominant factors: recent cash flow weakness and leverage are balanced by strong acquisition-driven growth outlook and positive guidance. Technicals add mild downward pressure while valuation remains supportive.
Eastnine AB (EAST) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 4.11B
- Dividend Yield
- 2.95%
- Average Volume (3M)
- 102.24K
- Price to Earnings (P/E)
- 12.3
- Beta (1Y)
- 0.48
- Revenue Growth
- 2.27%
- EPS Growth
- -18.57%
- Country
- Sweden
- Employees
- 30
- Sector
- General
- Sector Strength
- 55
- Industry
- Real Estate - Services
Eastnine AB Business Overview & Revenue Model
Company Description
Eastnine AB (publ), formerly known as East Capital Explorer AB, is a specialized firm dedicated to real estate investments. Founded in November 2007, the company underwent a strategic transformation at the start of 2017, shifting its investment strat...
Eastnine AB Earnings Call Summary
The call was strongly positive overall. Management reported record like-for-like occupancy, continued portfolio and property-value growth, a strategically important Warsaw acquisition and substantial future earnings capacity from The Bridge. The main challenges were temporary: The Bridge's 57% occupancy, lower current profit from property management, higher costs, elevated LTV and upcoming cash outflows and refinancing needs. Management presented these issues as manageable and linked much of the near-term pressure to the staged lease-up and integration of The Bridge.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management said the bridge has signed 10-year leases for 98% of the lettable area, is expected to be fully occupied by Q4 next year, and profit from Property Management is expected to reach €0.36 per share, an increase of almost 70% compared to Q2; there will be no more moves in during 2026, most of Visa will move in during 2027, with the first move in expected at the end of somewhere intersection Q1, Q2 for half of the premises and the second half expected in November. The yield is expected to be 6.2% in earnings capacity; LTV will not go over 60% and may stay between 55% and 57% in the foreseeable future, while cash will decrease by approximately €50 million during next 1.5 years. The main focus for the next coming 3 to 5 years will be strengthening its position in Warsaw and Poznan and Vilnius, with a priority on building more portfolio in Poland to reach 75% of EBITDA generated from developed markets.
Eastnine AB Financial Statement Overview
Summary
Mixed profile with long-term revenue and asset growth offset by 24% TTM revenue drop, negative operating and free cash flows, and debt-to-equity rising to 1.62.
Income Statement
58NeutralBalance Sheet
45NeutralCash Flow
32Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.04M | 58.65M | 41.52M | 36.17M | 30.30M | 21.53M |
| Gross Profit | 57.45M | 58.65M | 41.52M | 36.17M | 30.30M | 21.53M |
| EBITDA | 59.15M | 58.72M | 0 | 191.00K | 183.00K | 174.00K |
| Net Income | 30.75M | 42.52M | 5.91M | -72.05M | 108.56M | 72.33M |
Balance Sheet | ||||||
| Total Assets | 1.37B | 1.03B | 982.64M | 713.12M | 837.47M | 652.52M |
| Cash, Cash Equivalents and Short-Term Investments | 95.31M | 50.65M | 31.18M | 128.62M | 19.82M | 29.20M |
| Total Debt | 788.76M | 512.28M | 454.85M | 286.44M | 329.10M | 242.42M |
| Total Liabilities | 881.64M | 562.81M | 545.38M | 312.94M | 358.97M | 276.52M |
| Stockholders Equity | 485.60M | 467.90M | 437.26M | 400.18M | 478.51M | 375.99M |
Cash Flow | ||||||
| Free Cash Flow | -2.61M | 5.37M | 24.71M | 16.70M | 19.52M | 17.39M |
| Operating Cash Flow | -1.25M | 5.79M | 24.73M | 16.73M | 19.55M | 17.49M |
| Investing Cash Flow | -198.03M | -2.13M | -324.88M | 141.33M | -108.26M | -75.45M |
| Financing Cash Flow | 254.92M | -4.57M | 202.69M | -49.27M | 79.28M | 62.94M |
Eastnine AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:EAST, the sentiment is Negative. The current price of 42.30 is above the 20-day moving average (MA) of 42.09, below the 50-day MA of 43.63, and below the 200-day MA of 45.11, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 44.01 is Neutral, neither overbought nor oversold. The STOCH value of 18.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:EAST.
Eastnine AB Peers Comparison
Overall Rating
SE:WIHL70.5Outperform
SE:ALTRA67Neutral
SE:PLAZ.B63Neutral
SE:FABG57Neutral- SE:EAST57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:WIHL | 71Outperform | SEK 20.81B | 8.71 | 9.72% | 4.87% | 6.80% | 7.08% |
| SE:ALTRA | 67Neutral | SEK 15.06B | 12.86 | 6.96% | 3.72% | -2.40% | 118.68% |
| SE:PLAZ.B | 63Neutral | SEK 7.30B | 8.86 | 6.16% | 3.61% | 0.51% | 16.31% |
| SE:FABG | 57Neutral | SEK 19.24B | 19.60 | 2.75% | 3.33% | 26.56% | 260.82% |
| SE:EAST | 57Neutral | SEK 4.11B | 12.29 | ― | 2.95% | 2.27% | -18.57% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:EAST | Eastnine AB | 42.05 | -6.16 | -12.78% | |
| SE:FABG | Fabege AB | 64.50 | -15.95 | -19.83% | |
| SE:WIHL | Wihlborgs Fastigheter AB | 67.70 | -20.53 | -23.27% | |
| SE:PLAZ.B | Platzer Fastigheter Holding AB Class B | 60.90 | -9.80 | -13.86% | |
| SE:ALTRA | Nyfosa AB | 78.05 | 0.02 | 0.02% |
Eastnine AB Corporate Events
Eastnine boosts Warsaw footprint with flagship The Bridge acquisition
Eastnine AB’s third‑quarter report shows a 27 percent expansion of its property portfolio, driven by the strategic acquisition of The Bridge office building in Warsaw and rising local property values. The underlying value of the new flags...
Eastnine Appoints Nomination Committee Ahead of 2027 AGM
Eastnine AB has appointed the members of its Nomination Committee for the 2027 Annual General Meeting, based on the ownership structure as of the last banking day in August 2026. The committee includes representatives of the three largest shareholder...
Eastnine Sets Webcast to Present Q3 2026 Interim Results
Eastnine has announced that it will present its interim report for the period January to September 2026 on October 22, with the report scheduled for publication at 14:00 CET. The company’s CEO Kestutis Sasnauskas and CFO Adela Colakovic will ho...
Eastnine Retains Top GRESB Sustainability Rating in 2026
Eastnine AB has secured the highest possible five-star rating in the 2026 GRESB global sustainability benchmark for real estate, with a score of 91.5 out of 100 that places it among the top 20 per cent of participants worldwide. The company posted st...
Eastnine boosts Warsaw presence with acquisition of landmark office tower The Bridge
Eastnine has completed the acquisition of The Bridge, a 40‑storey, 174‑metre office tower in Warsaw’s central business district, at an underlying property value of EUR 285m and a purchase price of EUR 240m. The newly developed, high...
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