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Genova Property Group AB
(GPG)
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Rating:65Neutral
Price Target:
kr35.00
â–¼(-10.94% Downside)
Action:Reiterated
Date:08/20/26
The score is driven by attractive valuation (low P/E with a dividend) and mildly positive technical momentum. These positives are tempered by financial risk factors—particularly high leverage and weak cash conversion despite the strong earnings rebound—keeping the overall score in the mid range.
Positive Factors
Profitability recovery
TTM net income of 333M, up from 233M in 2025 and 124M in 2024, indicates a substantial profitability recovery. If maintained, stronger earnings can support reinvestment and improve resilience, although the historical swing in results means durability still needs monitoring.
Negative Factors
High financial leverage
Debt of approximately 7.5B against 3.0B of equity leaves the company with limited room for error if property values or financing conditions move adversely. Elevated leverage can constrain future investment, increase financial sensitivity, and reduce strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
TTM net income of 333M, up from 233M in 2025 and 124M in 2024, indicates a substantial profitability recovery. If maintained, stronger earnings can support reinvestment and improve resilience, although the historical swing in results means durability still needs monitoring.
Read all positive factors
Genova Property Group AB (GPG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.54B
Dividend Yield2.78%
Average Volume (3M)10.04K
Price to Earnings (P/E)4.6
Beta (1Y)0.32
Revenue Growth4.35%
EPS Growth152.83%
CountrySE
Employees53
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)7.05
Shares Outstanding46,975,628
10 Day Avg. Volume8,712
30 Day Avg. Volume10,044
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.62
Price to Sales (P/S)3.56
P/FCF Ratio20.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.46
Revenue Forecast (FY)kr566.13M
Genova Property Group AB Business Overview & Revenue Model
Company Description
Genova Property Group AB (publ) engages in property management and development in Sweden. The company operates through Property Management and Others segments. It owns, manages, and develops properties, including rental apartments, community servi...
How the Company Makes Money
GPG primarily makes money through (1) rental income from its investment property portfolio and (2) value creation from property development. Rental income is generated by leasing space to tenants under commercial lease agreements; this revenue is ...
Genova Property Group AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 532.00M | 514.00M | 507.80M | 503.00M | 394.70M | 319.90M |
| Gross Profit | 375.00M | 356.00M | 368.90M | 367.50M | 277.80M | 235.30M |
| EBITDA | 644.00M | 613.00M | 495.20M | -218.90M | 465.20M | 903.20M |
| Net Income | 333.00M | 233.00M | 124.40M | -450.80M | 223.50M | 608.70M |
Balance Sheet | ||||||
| Total Assets | 12.41B | 12.90B | 11.65B | 11.57B | 11.98B | 9.66B |
| Cash, Cash Equivalents and Short-Term Investments | 120.00M | 185.00M | 151.90M | 284.50M | 257.70M | 316.00M |
| Total Debt | 7.50B | 7.59B | 6.59B | 6.38B | 6.42B | 5.26B |
| Total Liabilities | 8.65B | 9.17B | 7.51B | 7.26B | 7.38B | 5.99B |
| Stockholders Equity | 3.01B | 2.96B | 3.33B | 3.51B | 3.85B | 3.56B |
Cash Flow | ||||||
| Free Cash Flow | 139.00M | 88.00M | 80.40M | 112.10M | 71.60M | 70.00M |
| Operating Cash Flow | 158.00M | 95.00M | 83.00M | 112.60M | 73.00M | 72.10M |
| Investing Cash Flow | -892.00M | -774.00M | -606.00M | -119.20M | -767.50M | -2.25B |
| Financing Cash Flow | 732.00M | 712.00M | 390.30M | 70.70M | 636.10M | 1.92B |
Genova Property Group AB Technical Analysis
Negative
39.30
Price Trends
37.17
Negative
37.22
Negative
38.30
Negative
Market Momentum
-1.23
Positive
26.65
Positive
3.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GPG, the sentiment is Negative. The current price of 39.3 is above the 20-day moving average (MA) of 36.55, above the 50-day MA of 37.17, and above the 200-day MA of 38.30, indicating a bearish trend. The MACD of -1.23 indicates Positive momentum. The RSI at 26.65 is Positive, neither overbought nor oversold. The STOCH value of 3.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GPG.
Genova Property Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | kr1.54B | 4.60 | ― | 2.78% | 4.35% | 152.83% | |
64 Neutral | kr13.55B | 16.39 | 5.18% | 4.04% | -2.62% | 488.91% | |
61 Neutral | kr2.58B | 14.86 | 2.48% | ― | 57.31% | 302.59% | |
59 Neutral | kr7.37B | 10.05 | 5.59% | 3.57% | 0.52% | 80.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:GPG
Genova Property Group AB
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Genova Property Group AB Corporate Events
Genova Lists New Green Bonds and Capital Securities on Nasdaq Stockholm
Sep 21, 2026
Genova Property Group has bolstered its sustainable financing platform by issuing SEK 350 million in senior unsecured green bonds maturing in 2031 and SEK 250 million in perpetual green capital securities. Both instruments sit within larger framew...
Genova names industry veteran Krister Karlsson as Deputy CEO
Sep 18, 2026
Genova Property Group has appointed experienced real estate executive Krister Karlsson as Deputy CEO and member of Group Executive Management, effective March 2027. He will be responsible for developing the company’s two core business areas,...
Genova Refinances Debt with New Green Bonds and Confirms Early Redemption
Sep 4, 2026
Genova Property Group AB has confirmed the early redemption of its 2024/2027 bond issue, following successful settlement of a new SEK 350 million green bond under a SEK 600 million framework. Ahead of the redemption, the company repurchased SEK 22...
Genova Advances Stockholm Property Portfolio Deal, Pays Partly in Shares
Sep 1, 2026
Genova Property Group has completed part of its previously announced acquisition of a SEK 634 million property portfolio in the Stockholm region, strengthening its recurring management income and supporting long-term net asset value growth per sha...
Genova Refinances Green Debt With New Bond Issue to Cut Financing Costs
Aug 25, 2026
Genova Property Group has issued new senior unsecured floating rate green bonds of SEK 350 million under a SEK 600 million framework, with maturity in January 2031 and plans to list them on Nasdaq Stockholm’s sustainable bond market. The mov...
Genova Sets Expiry for Tender Offer Linked to New SEK Green Bonds
Aug 25, 2026
Genova Property Group AB has launched a new SEK-denominated green bond transaction with a minimum issue size of SEK 300 million under a total framework of SEK 600 million, and in parallel invited holders of its outstanding senior unsecured green b...
Genova to Refinance Green Debt with New SEK Bond Issue and Tender Offer
Aug 24, 2026
Genova Property Group plans to issue new SEK-denominated green bonds of at least SEK 300 million under a SEK 600 million framework, with Danske Bank and SB1 Markets acting as arrangers and joint bookrunners. The move underscores the company’...
Genova raises SEK 250m in new green hybrid bond to fund sustainable growth
Aug 19, 2026
Genova Property Group has raised SEK 250 million through the issuance of perpetual green capital securities, structured as hybrid bonds under a SEK 500 million framework, with a floating rate of 3m Stibor plus 440 basis points and an initial call ...
Genova Plans Perpetual Green Capital Securities to Bolster Sustainable Growth
Aug 18, 2026
Genova Property Group is a Stockholm-listed real estate company that concentrates on active asset management, urban development, project development, and transactions in the Swedish property market. The firm pursues sustainable growth and leverage...
Genova boosts sustainable funding with additional green bond issue
Aug 14, 2026
Genova Property Group AB has issued an additional MSEK 100 of green senior unsecured bonds under its existing MSEK 600 green bond framework, with the new tranche maturing on 15 May 2030 and carrying a coupon of three‑month STIBOR plus 340 ba...
Genova boosts asset values and net income despite cost pressures
Aug 14, 2026
Genova Property Group AB reported solid growth in rental income and net operating income for the first half of 2026, with rental revenue up 7 percent to SEK 281 million and net operating income up 6 percent to SEK 204 million. Despite higher elect...
Genova Raises Cash-Flow Growth Target and Recalibrates NAV Goal
Aug 13, 2026
Genova Property Group has revised its financial growth targets to sharpen its focus on cash flow and profitable expansion, underscoring confidence in its mix of stable income-generating properties and a strong project development pipeline. The com...
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.