Balance Sheet Corem Property Group AB

Equities

CORE A

SE0010714279

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-04-10 pm EDT			5-day change	1st Jan Change
3.960 ^SEK	+1.54%		+7.90%	-11.80%

Apr. 09	DNB Carnegie trims Corem price target to SEK 3.70 (4), reiterates Hold	FW
Apr. 01	City of Stockholm launches initiative to revitalize Kista	FW

2c55c139e089cf088.0Jsf2BKMmL6and9Oq35E3-NYV4lzdFgKUfzM7UxICLw.pPR0vkfo--TJrrAd6jUOk4kBHOQwRQxTO86Ai3h6b_u43Hzha8f7yNflsA

Published financial data: COREM PROPERTY GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	894M	2.8B	4.49B	4.24B	3.7B
Other Revenues, Total	-	110M	-862M	-1.08B	-
Total Revenues	894M	2.92B	3.63B	3.17B	3.7B
Property Expenses	226M	1.05B	1.56B	1.36B	1.33B
Selling General & Admin Expenses, Total	39M	116M	187M	179M	160M
Total Operating Expenses	265M	1.17B	1.74B	1.54B	1.49B
Operating Income (REIT / Utility Template)	629M	1.74B	1.88B	1.63B	2.2B
Interest Expense, Total	-293M	-698M	-1.17B	-1.48B	-1.3B
Interest and Investment Income	84M	108M	74M	24M	13M
Net Interest Expenses	-209M	-590M	-1.1B	-1.45B	-1.29B
Currency Exchange Gains (Loss)	-	11M	25M	-11M	-
Other Non Operating Income (Expenses)	-31M	256M	1.38B	-1B	-219M
EBT, Excl. Unusual Items	389M	1.42B	2.19B	-837M	695M
Total Merger & Related Restructuring Charges	-	-21M	-	-	-
Impairment of Goodwill	-	-21M	-635M	-589M	-307M
Gain (Loss) on Sale of Investments	-1.04B	870M	-1.1B	87M	125M
Gain (Loss) on Sale of Assets	-	-	-	-	-1M
Asset Writedown	759M	3.43B	-2.93B	-8.48B	-1.72B
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	106M	5.68B	-2.49B	-9.82B	-1.2B
Income Tax Expense	214M	1.19B	-548M	-1.82B	-147M
Earnings From Continuing Operations	-108M	4.5B	-1.94B	-8B	-1.06B
Net Income to Company	-108M	4.5B	-1.94B	-8B	-1.06B
Minority Interest	-	-87M	-10M	29M	-1M
Net Income - (IS)	-108M	4.41B	-1.95B	-7.97B	-1.06B
Net Income to Common Incl Extra Items	-108M	4.41B	-1.95B	-7.97B	-1.06B
Net Income to Common Excl. Extra Items	-108M	4.41B	-1.95B	-7.97B	-1.06B
Per Share Items
Net EPS - Basic	-0.31	5.85	-1.77	-7.25	-0.93
Basic EPS - Continuing Operations	-0.31	5.85	-1.77	-7.25	-0.93
Basic Weighted Average Shares Outstanding	347M	753M	1.1B	1.1B	1.14B
Net EPS - Diluted	-0.31	5.85	-1.77	-7.25	-0.93
Diluted EPS - Continuing Operations	-0.31	5.85	-1.77	-7.25	-0.93
Diluted Weighted Average Shares Outstanding	347M	753M	1.1B	1.1B	1.14B
Normalized Basic EPS	0.7	1.06	1.23	-0.45	0.38
Normalized Diluted EPS	0.7	1.06	1.23	-0.45	0.38
Dividend Per Share	-	0.4	0.4	0.1	0.1
Payout Ratio	-257.41	11.5	-36.65	-12.15	-92.26
Supplemental Items
EBITDA	630M	1.74B	1.91B	1.65B	2.22B
EBITA	629M	1.74B	1.88B	1.63B	2.2B
EBIT	629M	1.74B	1.88B	1.63B	2.2B
EBITDAR	632M	-	-	-	-
Effective Tax Rate - (Ratio)	201.89	20.89	22.04	18.5	12.2
Current Domestic Taxes	7M	-	-	-	-
Total Current Taxes	7M	40M	49M	49M	28M
Deferred Domestic Taxes	207M	-	-	-	-
Total Deferred Taxes	207M	1.15B	-597M	-1.86B	-175M
Normalized Net Income	243M	802M	1.36B	-494M	433M
Interest Capitalized	-	48M	-	-	-
Interest on Long-Term Debt	26M	142M	353M	562M	482M
Supplemental Operating Expense Items
General and Administrative Expenses	39M	116M	187M	179M	160M
Net Rental Expense, Total	2M	-	-	-	-
Imputed Operating Lease Interest Expense	514K	-	-	-	-
Imputed Operating Lease Depreciation	1.49M	-	-	-	-
Maintenance & Repair Expenses, Total	23M	121M	173M	113M	96M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	14.23B	84.32B	80.35B	59.63B	57.25B
Accumulated Depreciation	-8M	-81M	-105M	-127M	-148M
Net Property Plant And Equipment	14.22B	84.24B	80.24B	59.5B	57.1B
Total Real Estate Assets	14.22B	84.24B	80.24B	59.5B	57.1B
Cash And Equivalents	15M	571M	979M	429M	586M
Accounts Receivable, Total	8M	136M	140M	66M	67M
Other Receivables	73M	958M	855M	436M	399M
Investment In Debt and Equity Securities	4.35B	2.26B	1.1B	1.35B	1.47B
Goodwill	-	3.06B	2.37B	1.78B	1.48B
Other Intangibles, Total	3M	-	-	-	-
Other Current Assets, Total	4M	289M	441M	669M	390M
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	-	723M	4.73B	614M	295M
Total Assets	18.67B	92.24B	90.86B	64.85B	61.78B
Liabilities
Current Portion of Long-Term Debt	4.09B	14.55B	14.73B	13.83B	16.91B
Long-Term Debt	5.96B	32.35B	32.77B	19.76B	14.38B
Long-Term Leases	218M	1B	1.62B	1.38B	1.83B
Accounts Payable, Total	60M	425M	328M	174M	143M
Accrued Expenses, Total	46M	673M	450M	407M	305M
Current Income Taxes Payable	1M	14M	6M	-	-
Unearned Revenue, Current	130M	743M	992M	1.01B	789M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	84M	348M	1.05B	524M	385M
Deferred Tax Liability Non-Current	800M	8.13B	7.56B	5.71B	5.47B
Other Non Current Liabilities	7M	67M	43M	41M	60M
Total Liabilities	11.4B	58.3B	59.55B	42.83B	40.27B
Common Stock, Total	759M	2.28B	2.28B	2.28B	2.49B
Additional Paid In Capital	1.41B	20.62B	20.62B	20.62B	21.41B
Retained Earnings	5.12B	10.17B	7.15B	-1.79B	-4.8B
Comprehensive Income and Other	-7M	284M	1.23B	898M	2.41B
Total Common Equity	7.28B	33.34B	31.27B	22B	21.51B
Minority Interest	-	596M	43M	14M	-
Total Equity	7.28B	33.94B	31.31B	22.02B	21.51B
Total Liabilities And Equity	18.67B	92.24B	90.86B	64.85B	61.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	347M	1.1B	1.1B	1.1B	1.2B
ECS Total Common Shares Outstanding	347M	1.1B	1.1B	1.1B	1.2B
Book Value / Share	20.98	30.18	28.46	20.03	16.91
Tangible Book Value	7.27B	30.28B	28.89B	20.22B	20.03B
Tangible Book Value Per Share	20.97	27.41	26.3	18.4	15.69
Total Debt	10.27B	47.9B	49.12B	34.97B	33.12B
Net Debt	10.25B	47.33B	48.14B	34.54B	32.53B
Debt Equivalent Oper. Leases	16M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	596M	43M	14M	-
Equity Method Investments, Total	-	472M	3.42B	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	149M	187M	195M	192M
Full Time Employees	57	368	321	282	277
Part Time Employees	-	-	12	8	7
Assets on Operating Lease - Gross	14B	83.08B	78.39B	58.03B	55.2B
Accumulated Allowance for Doubtful Accounts (Supple)	3M	25M	22M	13M	22M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-108M	4.41B	-1.95B	-7.97B	-1.06B
Depreciation, Depletion & Amortization	1M	0	26M	23M	22M
Total Depreciation, Depletion & Amortization	1M	0	26M	23M	22M
Change in Accounts Receivable	-24M	-16M	138M	264M	-68M
Change in Other Net Operating Assets (Collected)	-38M	57M	396M	-864M	-52M
Other Operating Activities	539M	-3.26B	3.62B	9.26B	2.08B
Cash from Operations	370M	1.19B	2.23B	718M	920M
Acquisition of Real Estate Assets, Total	-1.22B	-2.06B	-3.02B	-1.99B	-1.34B
Sale of Real Estate Assets, Total	60M	488M	2.27B	13.25B	3.02B
Net Sale / Acquisition of Real Estate Assets	-1.16B	-1.58B	-749M	11.26B	1.67B
Cash Acquisitions	-	870M	-575M	-	-4M
Divestitures	-	-	8M	-	-
Investment in Marketable and Equity Securities, Total	-854M	-249M	22M	2.57B	-
Cash from Investing	-2.02B	-954M	-1.29B	13.83B	1.67B
Long-Term Debt Issued, Total	4.93B	6.83B	14.08B	10.66B	11.72B
Total Debt Issued	4.93B	6.83B	14.08B	10.66B	11.72B
Long-Term Debt Repaid, Total	-2.7B	-5.99B	-13.82B	-24.79B	-14.19B
Total Debt Repaid	-2.7B	-5.99B	-13.82B	-24.79B	-14.19B
Issuance of Common Stock	-	-	-	-	1.01B
Repurchase of Common Stock	-498M	-	-121M	-	-
Common Dividends Paid	-206M	-261M	-87M	-138M	-318M
Preferred Dividends Paid	-72M	-246M	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-627M	-830M	-659M
Common & Preferred Stock Dividends Paid	-278M	-507M	-714M	-968M	-977M
Other Financing Activities, Total	197M	-23M	-	-	-
Cash from Financing	1.65B	317M	-583M	-15.1B	-2.44B
Foreign Exchange Rate Adjustments	-	3M	53M	-4M	14M
Net Change in Cash	7M	556M	408M	-550M	157M
Supplemental Items
Cash Interest Paid	262M	638M	1.12B	1.43B	1.19B
Cash Income Tax Paid (Refund)	7M	3M	13M	13M	9M
Net Debt Issued / Repaid	2.23B	847M	252M	-14.13B	-2.48B
Levered Free Cash Flow	134M	1.24B	1.01B	-332M	408M
Unlevered Free Cash Flow	317M	1.67B	1.74B	591M	1.22B
Change In Net Working Capital	74M	-584M	-572M	449M	177M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.2	1.97	1.29	1.31	2.17
Return on Total Capital	2.33	2.19	1.45	1.48	2.47
Return On Equity %	-1.4	21.81	-5.94	-30	-4.86
Return on Common Equity	-1.4	21.7	-6.03	-29.92	-4.87
Margin Analysis
Gross Profit Margin %	74.72	63.84	57.07	57.01	63.92
SG&A Margin	4.36	3.98	5.15	5.65	4.33
EBITDA Margin %	70.47	59.86	52.63	52.08	60.19
EBITA Margin %	70.36	59.86	51.92	51.36	59.59
EBIT Margin %	70.36	59.86	51.92	51.36	59.59
Income From Continuing Operations Margin %	-12.08	154.2	-53.4	-252.49	-28.63
Net Income Margin %	-12.08	151.22	-53.68	-251.58	-28.66
Net Avail. For Common Margin %	-12.08	151.22	-53.68	-251.58	-28.66
Normalized Net Income Margin	27.2	27.5	37.41	-15.6	11.73
Levered Free Cash Flow Margin	14.99	42.48	27.7	-10.49	11.05
Unlevered Free Cash Flow Margin	35.47	57.45	47.85	18.65	33.05
Asset Turnover
Asset Turnover	0.05	0.05	0.04	0.04	0.06
Fixed Assets Turnover	0.07	0.06	0.04	0.05	0.06
Receivables Turnover (Average Receivables)	127.71	38.96	32.54	41.2	55.56
Short Term Liquidity
Current Ratio	0.02	0.12	0.14	0.1	0.08
Quick Ratio	0.02	0.1	0.11	0.06	0.06
Operating Cash Flow to Current Liabilities	0.08	0.07	0.13	0.05	0.05
Days Sales Outstanding (Average Receivables)	2.87	9.37	11.22	8.86	6.59
Average Days Payable Outstanding	110.12	83.98	88.2	67.26	43.52
Long Term Solvency
Total Debt/Equity	141.12	141.14	156.87	158.83	153.97
Total Debt / Total Capital	58.53	58.53	61.07	61.36	60.62
LT Debt/Equity	84.97	98.28	109.83	96.01	75.37
Long-Term Debt / Total Capital	35.24	40.75	42.76	37.1	29.68
Total Liabilities / Total Assets	61.03	63.21	65.54	66.05	65.18
EBIT / Interest Expense	2.15	2.5	1.61	1.1	1.69
EBITDA / Interest Expense	2.15	2.5	1.63	1.12	1.71
(EBITDA - Capex) / Interest Expense	2.14	2.5	1.6	1.12	1.71
Total Debt / EBITDA	16.3	27.45	25.72	21.19	14.89
Net Debt / EBITDA	16.28	27.12	25.2	20.93	14.63
Total Debt / (EBITDA - Capex)	16.38	27.45	26.25	21.19	14.89
Net Debt / (EBITDA - Capex)	16.35	27.12	25.73	20.93	14.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-19.39	226.06	24.49	-12.7	16.64
Gross Profit, 1 Yr. Growth %	-21.32	178.59	11.28	-12.8	30.79
EBITDA, 1 Yr. Growth %	-22.32	176.98	8.83	-13.61	34.79
EBITA, 1 Yr. Growth %	-22.35	177.42	7.97	-13.64	35.34
EBIT, 1 Yr. Growth %	-22.35	177.42	7.97	-13.64	35.34
Earnings From Cont. Operations, 1 Yr. Growth %	-103.47	-4.26K	-143.11	312.74	-86.77
Net Income, 1 Yr. Growth %	-103.47	-4.18K	-144.19	309.14	-86.71
Diluted EPS Before Extra, 1 Yr. Growth %	-103.68	-1.98K	-130.23	310.09	-87.25
Normalized Net Income, 1 Yr. Growth %	-26.74	229.77	69.32	-136.4	-187.71
Net Property, Plant and Equip., 1 Yr. Growth %	15.38	492.09	-4.82	-25.74	-4.03
Accounts Receivable, 1 Yr. Growth %	33.33	1.6K	2.94	-52.86	1.52
Total Assets, 1 Yr. Growth %	9.01	393.93	-1.49	-28.63	-4.73
Common Equity, 1 Yr. Growth %	-10.95	358.18	-6.22	-29.63	-2.24
Tangible Book Value, 1 Yr. Growth %	-10.99	316.15	-4.59	-30.03	-0.92
Cash From Operations, 1 Yr. Growth %	-20.77	221.62	87.56	-67.83	28.13
Levered Free Cash Flow, 1 Yr. Growth %	-61.96	831.11	-19.48	-133.05	-222.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.97	429.74	3.08	-65.97	106.68
Dividend Per Share, 1 Yr. Growth %	-	-38.46	0	-75	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-21.86	62.13	101.48	4.25	0.91
Gross Profit, 2 Yr. CAGR %	-26.37	48.05	76.08	-1.49	6.79
EBITDA, 2 Yr. CAGR %	-27.33	46.69	74.12	-3.04	7.91
EBITA, 2 Yr. CAGR %	-27.36	46.78	73.07	-3.44	8.11
EBIT, 2 Yr. CAGR %	-27.36	46.78	73.07	-3.44	8.11
Earnings From Cont. Operations, 2 Yr. CAGR %	-69.79	20.14	323.61	33.4	-26.11
Net Income, 2 Yr. CAGR %	-69.79	18.98	324.7	34.46	-26.27
Diluted EPS Before Extra, 2 Yr. CAGR %	-68.88	-16.85	138.41	11.33	-27.68
Normalized Net Income, 2 Yr. CAGR %	-33.93	55.43	136.3	-21.49	-43.5
Net Property, Plant and Equip., 2 Yr. CAGR %	2.71	161.43	137.49	-15.99	-15.58
Accounts Receivable, 2 Yr. CAGR %	-18.35	376.1	318.33	-30.34	-30.82
Total Assets, 2 Yr. CAGR %	9.02	132.04	120.58	-16.15	-17.54
Common Equity, 2 Yr. CAGR %	17.15	101.99	107.29	-18.76	-17.06
Tangible Book Value, 2 Yr. CAGR %	17.13	92.5	99.26	-18.29	-16.73
Cash From Operations, 2 Yr. CAGR %	-9.12	59.63	145.61	-22.32	-35.8
Capital Expenditures, 2 Yr. CAGR %	-	-	212.25	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-51.53	87.5	174.92	-48.41	-36.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	-35.66	76.55	134.37	-40.78	-16.14
Dividend Per Share, 2 Yr. CAGR %	-	-18.35	-21.55	-50	-50
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-10.48	25.81	48.46	52.46	8.22
Gross Profit, 3 Yr. CAGR %	-13.91	14.74	34.61	39.31	8.27
EBITDA, 3 Yr. CAGR %	-14.61	13.51	33.05	37.84	8.21
EBITA, 3 Yr. CAGR %	-14.63	13.55	32.49	37.27	8.06
EBIT, 3 Yr. CAGR %	-14.63	13.55	32.49	37.27	8.06
Earnings From Cont. Operations, 3 Yr. CAGR %	-51.33	56.04	-14.62	319.96	-38.26
Net Income, 3 Yr. CAGR %	-51.33	55.03	-14.48	319.45	-37.83
Diluted EPS Before Extra, 3 Yr. CAGR %	-50.27	22.09	-40.66	185.66	-45.93
Normalized Net Income, 3 Yr. CAGR %	-20.42	12.92	59.93	26.67	-18.54
Net Property, Plant and Equip., 3 Yr. CAGR %	7.21	84.19	86.73	61.11	-12.18
Accounts Receivable, 3 Yr. CAGR %	10.06	124.62	185.75	102.06	-21.02
Total Assets, 3 Yr. CAGR %	11.83	80.39	74.39	51.43	-12.5
Common Equity, 3 Yr. CAGR %	18.8	84.58	56.41	44.6	-13.59
Tangible Book Value, 3 Yr. CAGR %	18.78	78.75	52.34	40.58	-12.87
Cash From Operations, 3 Yr. CAGR %	-5.61	38.49	68.45	24.73	-8.22
Capital Expenditures, 3 Yr. CAGR %	-58.51	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-32.41	29.49	41.84	35.69	-31.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-18.41	29.79	47.85	23.18	-10.17
Dividend Per Share, 3 Yr. CAGR %	-	-3.85	-12.64	-46.42	-37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.19	22.56	23.84	16.69	27.21
Gross Profit, 5 Yr. CAGR %	-3.64	15.95	14.62	7.95	22.71
EBITDA, 5 Yr. CAGR %	-4.11	15.28	13.55	6.7	22.36
EBITA, 5 Yr. CAGR %	-4.11	15.31	13.26	6.42	22.14
EBIT, 5 Yr. CAGR %	-4.11	15.31	13.26	6.42	22.14
Earnings From Cont. Operations, 5 Yr. CAGR %	-33	37.49	15.64	46.56	-19.42
Net Income, 5 Yr. CAGR %	-33	36.95	15.76	46.45	-19.4
Diluted EPS Before Extra, 5 Yr. CAGR %	-30.71	19.62	-6.93	17.67	-35.77
Normalized Net Income, 5 Yr. CAGR %	-9.79	21.27	22.98	-2.36	5.48
Net Property, Plant and Equip., 5 Yr. CAGR %	12.83	51.15	47.38	34.57	35.88
Accounts Receivable, 5 Yr. CAGR %	0	76.23	87.76	40.63	62.03
Total Assets, 5 Yr. CAGR %	14.79	50.07	46.74	32.78	29.25
Common Equity, 5 Yr. CAGR %	19.3	55.47	48.43	32.93	21.36
Tangible Book Value, 5 Yr. CAGR %	19.29	52.5	46.1	30.7	19.64
Cash From Operations, 5 Yr. CAGR %	1.83	23.69	38.37	9.89	14.52
Capital Expenditures, 5 Yr. CAGR %	-	-	-1.47	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-22.96	27.49	18.3	-10.24	2.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.13	22.91	24.36	-5.06	17.85
Dividend Per Share, 5 Yr. CAGR %	-	4.56	0	-25.98	-30.12