contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


stockholm-corporate-finance-11e-kapitalmarknadsdagar-fastigheter

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Community Manager

Jesper Hagman

Samhällsbyggnadsbolaget i Norden operates in the real estate industry and focuses on the acquisition, development and management of residential and commercial properties. The company's portfolio includes rental and tenant-owned properties. The operations are primarily concentrated in Sweden. Samhällsbyggnadsbolaget i Norden was founded in 2016 and is headquartered in Stockholm, Sweden.

Inderes              Samhällsbyggnadsbolaget, Audiocast, 2025 - Inderes    Time: 2025-11-12 08:30 Language: en Language: en Sector: Financials - Construction & Real Estate Activity: Audiocast with teleconference

In this interview from September, SBB’s CFO comments on the direct question of when the D-share will start paying dividends again:                   Inderes              Intervju med SBBs Vice VD under SCF:s 11:e Kapitalmarknadsdag - Inderes    Time: 2025-09-12 12:04 Samhällsbyggnadsbolaget deltog på Stockholm Corporate Finance 11:e Fastighetsseminarium på IVA den 11 september. I samband med evenemanget genomförde vi en intervju med Vice VD Krister Karlsson. Vi pratar om hur SBB sticker ut...

It would be good to get some thoughts on this after the latest developments. The situation seems to have improved with the deals. SBB’s share of PPI is closer to 40%, and AKER/APG’s ownership in PPI also grows from 23% to 33% as a result. Among other developments, SBB’s debt problem is postponed. Apparently, SBB D-shares are hot, as there is a possibility for a larger dividend later, when dividend payments might resume. The B-share, on the other hand, behaves irrationally to good news (strong selling pressure), as it is the most shorted stock on the Swedish stock exchange.

Apparently a major move:                   Inderes              SBB has entered into three agreements with Public Property Invest ASA...    Samhällsbyggnadsbolaget i Norden AB (“SBB” or the “Company”) has entered into three agreements involving the transfer of three wholly owned subsidiaries (directly or indirectly), collectively...                             This company was on my research list a couple of years ago, but it was so confusing with its separate share classes and in poor financial health that I skipped it. It would be interesting, however, to see some discussion if its finances were now on a bit more stable ground and the company was investable.

Could someone smarter explain what the press release published on May 13th is practically about, regarding the corporate arrangement (Strategic ownership interest) Aker - PPI - SSB?  Aker will own 9.08% of SBB going forward Aker will own 24.56% of PPI going forward  Benefits for SBB at least due to the fact that a 10x company now owns almost 10% of it  SBB also owns 33.4% of PPI

Hi and greetings from Sweden!  Leiv Synnes took the reins about a year ago and has since kept a fairly low profile in the media. Last week, in connection with an event organized by Stockholm Corporate Finance, we got the opportunity for an interview ! https://www.inderes.se/videos/sbbs-leiv-synnes-det-finns-en-orsak-till-varfor-akelius-ar-rik  Here is the program: **    **  Other CEO interviews (with a direct link to the respective CEO’s presentation for each interview). Good stuff - generally speaking: https://www.inderes.se/articles/intervjuer-i-samband-med-stockholm-corporate-finance-10e-fastighetsseminarium

There is no paywall. And blah blah blah, just to meet the character limit.

Samhällsbyggnadsbolaget i Norden

Doxa is active in real estate investments. The investment activities are focused on Swedish unlisted and listed real estate-related shares and other real estate-related assets, without limitation to property category, region or holding period. The customers are found in the Nordic market. The company was founded in 1987 and has its headquarters in Malmö.

Doxa

Mofast is a real estate company. The company owns, manages and develops properties within the segments of multi-residential properties and community properties. The property portfolio is located in Sweden and the company's customers consist of various government actors, municipalities, regions, commercial actors and private individuals. The company has its headquarters in Stockholm.

Mofast

Trianon operates in the real estate industry and focuses on the acquisition, development and management of residential, commercial, office and community properties. The company's portfolio includes rental and tenant-owned properties. The operations are mainly concentrated on the Swedish market. Trianon was founded in 1973 and is headquartered in Malmö, Sweden.

Trianon

Titania is a player in the real estate industry. The company works with project development, production and management of properties. The company develops new residential areas and is active throughout the value chain, from the production of new detailed plans to the construction and management of the properties. The company has a geographical focus on the Stockholm region. Titania was founded in 2005 and has its headquarters in Stockholm.

Titania Holding

Heba Fastighets operates in the real estate industry and focuses on the acquisition, development and management of housing and community properties with a focus on healthcare and social care facilities. The company's portfolio includes rental housing and condominiums. The operations are concentrated in central locations in the Stockholm region and the Mälardalen Valley. Heba Fastighets was founded in 1952 and has its headquarters in Stockholm.

Heba Fastighets

John Mattson Fastighetsföretag is active in the real estate industry and focuses on the acquisition, development and management of residential and commercial properties. The company's portfolio includes rental and tenant-owned properties. The operations are primarily concentrated in Sweden and the Nordic market. John Mattson Fastighetsföretag was founded in 1965 and is headquartered in Stockholm, Sweden.

John Mattson

Cibus Real Estate operates in the real estate industry and focuses on the acquisition, development and management of commercial properties. The company's portfolio includes office and retail properties. The operations are primarily concentrated in the Nordic region, with a main presence in Sweden, Norway and Finland. Cibus Real Estate was founded in 2018 and is headquartered in Stockholm, Sweden.

New CFO appointed:                   Inderes              Ann-Sofie Lindroth appointed as CFO of Cibus Nordic Real Estate AB (publ) -...    Ann-Sofie Lindroth takes over as CFO of Cibus Nordic Real Estate AB (publ) after Pia-Lena Olofsson. Ann-Sofie, who most recently comes from the role of CFO at Nyfosa, will take up her position...

I agree with @TurskaTasku that it’s a shame there’s no Inderes coverage for this. I would also love to follow more discussion around this, and unfortunately, the thread is quite quiet. However, I think the company’s own materials are quite good. I follow this to some extent since it has been in my portfolio for a while. (A bad habit of first getting an idea for an opening position and only then developing a greater interest in closer monitoring (and potential additions  )). Regardless, I’ll contribute my own small bit to the cause with this message. I like the company’s motto “Converting food into yield.” Grocery and daily goods stores are unlikely to disappear from the streets and city outskirts anytime soon, and they probably won’t just move entirely online. The business is easy to think of as generally quite stable. Also, Cibus’s largest tenants can certainly be considered fairly low-risk rent payers. Above, it was hoped that the dividend would have grown. In my opinion, it is quite welcome that the dividend was not increased at this point. As I see it, this creates a more solid foundation for specifically that rising dividend-paying capacity; after all, a dividend cut is poison for things like this… Even the current dividend (€0.90) is over 6% at this share price and significantly higher than average (Retail REITs avg. dividend yield 4.74% - Source: Nareit). Keeping the dividend unchanged also brings the payout ratio to a slightly more reasonable level and provides room for new acquisitions (or bringing down indebtedness). Earnings capacity per share has developed as follows: Q1/24 - €0.95 —> Q1/25 - €0.99 —> Q1/26 - €1.08 Thus, the payout ratio has dropped from nearly 95% to around 83%, which I think is a much more sustainable level and indeed leaves some room for maneuver. Gemini mentioned that for US Retail REIT peers, the avg. payout ratio for Net Lease companies is around 70-76%. On the other hand, they might not be directly comparable from across the ocean. European real estate companies also historically operate with more debt than their US counterparts (source: J. Askola’s recent book). In my view, Cibus seems to be developing in a good direction; performance is improving. Finally, a few highlights picked from the report:  Finland’s share of NOI has apparently decreased slightly from 51% → 48%. This is likely not a bad thing in terms of diversification. A more evenly and widely diversified European food and daily goods retail property investment company sounds good. According to the CEO’s comment, growth opportunities are seen in current markets, and new Continental European markets are being evaluated. Interest coverage ratio (ICR) strengthened in a year from 2.2x to 2.4x. The company targets / guides for a level over 2.0x. (Equity REITs avg. 4.3x - Source: Nareit) The number of properties with solar panels has increased from 49 to 80. I have no idea about the profitability of solar panel investments or, for example, what Kesko requires from its properties in terms of ESG. It might be a neutral matter, but at least they seem to be keeping up with the times and responding to demand and customer requirements. Debt ratio (net debt/EBITDA) has increased slightly, 10.4x –> 10.9x. Acquisitions have been made, but things seem to be under control; ICR and earnings capacity per share have strengthened. 99% of leases are tied to CPI increases, 95.6% of the portfolio is leased, and WAULT 5y—>6y  And to this: “I’ve started to wonder a bit whether shareholder value is really being maximized here or if they’re just doing some flashy ‘bumtsibum’ arrangements that just destroy value.” As I see it, at least over the last year, there haven’t been value-destroying arrangements—on the contrary. The number of shares has indeed grown tremendously from last year’s 63M to the current approximately 82M. However, earnings capacity per share is growing, which means that dilution hasn’t hit your holdings over the last year. Real estate companies are somewhat new to me, so don’t blindly trust these ramblings, even if they are largely a recap of the report’s figures  Writing serves as practice for me too; thoughts get organized, and understanding perhaps improves through that as well.

I’m perfectly fine with the dividend staying the same. I doubt we’ll have to wait long before new acquisitions are announced

Thanks, that earnings capacity is a good metric and at least its slope is in the right direction!

A property type that I am indeed happy to own myself. I would have liked to see a small increase in dividends, referring specifically to that rising “dividend-paying capacity”.

It’s worth checking the PDF presentation on Cibus’s website:                   Cibus              Investors - Cibus Nordic                              There’s a lot more material there, and for example, page 5 shows the Earnings capacity per share from property management (+9% YoY - note the dilution): So, as I understand it, this does not show property value fluctuations - but rather the result from which dividends etc. are paid. More information on page 7.

It’s a shame that Inderes no longer covers this. Personally, I find it somewhat difficult to understand how Cibus is truly performing because there have been so many corporate transactions. I’ve started to doubt a bit whether shareholder value is really being maximized here, or if they’re just making some flashy “bumtsibum” arrangements that only destroy value… If anyone is better informed, I’d love to hear your thoughts. I’ve had this in my portfolio for years with the idea that I want to own this type of commercial real estate portfolio.

Cibus Real Estate

Public Property Invest is a Norwegian real estate company with a long-term strategy to own, operate and develop properties in Norway. The company's portfolio consists mainly of public utility properties with public tenants, located in key cities in Norway. The buildings house functions for the community such as police stations, courts, healthcare and other public services. The company was founded in 2021 and is headquartered in Oslo.

Public Property Invest

Stendörren Fastigheter is a real estate company in logistics, storage and light industry in Nordic growth regions. The business idea is to create profitable growth in net asset value. The company achieves this through acquisitions, by taking advantage of the rent growth that follows from the urbanization of metropolitan regions and through the development of existing assets, including the company's building rights portfolio.

Stendörren Fastigheter

KlaraBo operates in the real estate industry and focuses on the acquisition, improvement, development and management of residential properties. The company's portfolio includes rental and tenant-owned properties. The operations are mainly concentrated and established in the Swedish market. KlaraBo was founded in 2017 and has its headquarters based in Malmö, Sweden.

KlaraBo

Här kan du se alla presentationer från Stockholm Corporate Finance 11:e Kapitalmarknadsdagar. 

H&#xe4;r kan du se alla presentationer fr&#xe5;n Stockholm Corporate Finance 11:e Kapitalmarknadsdagar.&#xa0;
Se presentationerna genom att klicka p&#xe5; bolagets namn nedan.&#xa0;
<a href="https://www.inderes.se/videos/doxa-investor-day-2025" target="_blank" rel="noopener">Doxa, VD Christian Lindgren</a>
<a href="https://www.inderes.se/videos/klarabo-investor-day-2025" target="_blank" rel="noopener">KlaraBo, VD Andreas Morfiadakis</a>
<a href="https://www.inderes.se/videos/trianon-investor-day-2025" target="_blank" rel="noopener">Trianon, VD Olof Andersson</a>
<a href="https://www.inderes.se/videos/john-mattson-investor-day-2025" target="_blank" rel="noopener">John Mattson,&#xa0;VD Per Nilsson</a>
<a href="https://www.inderes.se/videos/titania-investor-day-2025" target="_blank" rel="noopener">Titania VD,&#xa0;Einar Janson</a>
<a href="https://www.inderes.se/videos/cibus-nordic-real-estate-investor-day-2025" target="_blank" rel="noopener">Cibus CFO,&#xa0;Pia-Lena Olofsson</a>
<a href="https://www.inderes.se/videos/heba-fastighets-ab-investor-day-2025" target="_blank" rel="noopener">Heba VD,&#xa0;Patrik Emanuelsson</a>
<a href="https://www.inderes.se/videos/stendorren-fastighet-investor-day-2025" target="_blank" rel="noopener">Stend&#xf6;rren VD,&#xa0;Erik Ranje</a>
<a href="https://www.inderes.se/videos/ppi-investor-day-2025" target="_blank" rel="noopener">PPI VD,&#xa0;Andr&#xe9; Gaden</a>
<a href="https://www.inderes.se/videos/samhallsbyggnadsbolaget-investor-day-2025" target="_blank" rel="noopener">SBB Vice VD, Krister Karlsson</a>
<a href="https://www.inderes.se/videos/mofast-investor-day-2025" target="_blank" rel="noopener">Mofast VD,&#xa0;Eric Fischbein</a>
Till alla intervjuer --&gt; <a href="https://www.inderes.se/articles/intervjuer-i-samband-med-stockholm-corporate-finance-11e-kapitalmarknadsdag" target="_blank" rel="noopener">Klicka h&#xe4;r</a>

Stockholm Corporate Finance 11:e Kapitalmarknadsdagar — Fastigheter

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