Cash flow Corem Property Group AB

Equities

CORE A

SE0010714279

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-04-15 pm EDT			5-day change	1st Jan Change
4.040 ^SEK	-2.65%		-0.98%	-10.02%

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

9ed89121904eb47bfcc2565b.dxktthlGr85ANsHKTBb6EqLac__BliZfeEtplFE6Aj4.An5q2lAO8K8rXqCZK3uOVOaiNp6U-WcZMiIq8j5waEsud37VUBfW-ThV8Q

Published financial data: COREM PROPERTY GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	2.8B	4.49B	4.24B	3.7B	3.46B
Other Revenues, Total	110M	-862M	-1.08B	-	-
Total Revenues	2.92B	3.63B	3.17B	3.7B	3.46B
Property Expenses	1.05B	1.56B	1.36B	1.33B	1.24B
Selling General & Admin Expenses, Total	116M	187M	179M	160M	137M
Total Operating Expenses	1.17B	1.74B	1.54B	1.49B	1.38B
Operating Income (REIT / Utility Template)	1.74B	1.88B	1.63B	2.2B	2.09B
Interest Expense, Total	-698M	-1.17B	-1.48B	-1.3B	-1.23B
Interest and Investment Income	108M	74M	24M	13M	7M
Net Interest Expenses	-590M	-1.1B	-1.45B	-1.29B	-1.22B
Currency Exchange Gains (Loss)	11M	25M	-11M	-	-1M
Other Non Operating Income (Expenses)	256M	1.38B	-1B	-219M	-142M
EBT, Excl. Unusual Items	1.42B	2.19B	-837M	695M	721M
Total Merger & Related Restructuring Charges	-21M	-	-	-	-
Impairment of Goodwill	-21M	-635M	-589M	-307M	-394M
Gain (Loss) on Sale of Investments	870M	-1.1B	87M	125M	-289M
Gain (Loss) on Sale of Assets	-	-	-	-1M	-
Asset Writedown	3.43B	-2.93B	-8.48B	-1.72B	-3.91B
EBT, Incl. Unusual Items	5.68B	-2.49B	-9.82B	-1.2B	-3.87B
Income Tax Expense	1.19B	-548M	-1.82B	-147M	-557M
Earnings From Continuing Operations	4.5B	-1.94B	-8B	-1.06B	-3.31B
Net Income to Company	4.5B	-1.94B	-8B	-1.06B	-3.31B
Minority Interest	-87M	-10M	29M	-1M	-
Net Income - (IS)	4.41B	-1.95B	-7.97B	-1.06B	-3.31B
Net Income to Common Incl Extra Items	4.41B	-1.95B	-7.97B	-1.06B	-3.31B
Net Income to Common Excl. Extra Items	4.41B	-1.95B	-7.97B	-1.06B	-3.31B
Per Share Items
Net EPS - Basic	5.85	-1.77	-7.25	-0.93	-2.54
Basic EPS - Continuing Operations	5.85	-1.77	-7.25	-0.93	-2.54
Basic Weighted Average Shares Outstanding	753M	1.1B	1.1B	1.14B	1.3B
Net EPS - Diluted	5.85	-1.77	-7.25	-0.93	-2.54
Diluted EPS - Continuing Operations	5.85	-1.77	-7.25	-0.93	-2.54
Diluted Weighted Average Shares Outstanding	753M	1.1B	1.1B	1.14B	1.3B
Normalized Basic EPS	1.06	1.23	-0.45	0.38	0.35
Normalized Diluted EPS	1.06	1.23	-0.45	0.38	0.35
Dividend Per Share	0.4	0.4	0.1	0.1	0.1
Payout Ratio	11.5	-36.65	-12.15	-92.26	-52.76
Supplemental Items
EBITDA	1.74B	1.91B	1.65B	2.22B	2.11B
EBITA	1.74B	1.88B	1.63B	2.2B	2.09B
EBIT	1.74B	1.88B	1.63B	2.2B	2.09B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	20.89	22.04	18.5	12.2	14.4
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	40M	49M	49M	28M	36M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.15B	-597M	-1.86B	-175M	-593M
Normalized Net Income	802M	1.36B	-494M	433M	451M
Interest Capitalized	48M	-	-	-	-
Interest on Long-Term Debt	142M	353M	562M	482M	344M
Supplemental Operating Expense Items
General and Administrative Expenses	116M	187M	179M	160M	137M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	121M	173M	113M	96M	74M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	84.32B	80.35B	59.63B	57.25B	48.64B
Accumulated Depreciation	-81M	-105M	-127M	-148M	-142M
Net Property Plant And Equipment	84.24B	80.24B	59.5B	57.1B	48.5B
Total Real Estate Assets	84.24B	80.24B	59.5B	57.1B	48.5B
Cash And Equivalents	571M	979M	429M	586M	1.8B
Accounts Receivable, Total	136M	140M	66M	67M	51M
Other Receivables	958M	855M	436M	399M	345M
Investment In Debt and Equity Securities	2.26B	1.1B	1.35B	1.47B	741M
Goodwill	3.06B	2.37B	1.78B	1.48B	1.08B
Other Intangibles, Total	-	-	-	-	-
Other Current Assets, Total	289M	441M	669M	390M	347M
Other Long-Term Assets, Total	723M	4.73B	614M	295M	260M
Total Assets	92.24B	90.86B	64.85B	61.78B	53.13B
Liabilities
Current Portion of Long-Term Debt	14.55B	14.73B	13.83B	16.91B	11.14B
Long-Term Debt	32.35B	32.77B	19.76B	14.38B	17.58B
Long-Term Leases	1B	1.62B	1.38B	1.83B	1.5B
Accounts Payable, Total	425M	328M	174M	143M	175M
Accrued Expenses, Total	673M	450M	407M	305M	237M
Current Income Taxes Payable	14M	6M	-	-	-
Unearned Revenue, Current	743M	992M	1.01B	789M	663M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	348M	1.05B	524M	385M	416M
Deferred Tax Liability Non-Current	8.13B	7.56B	5.71B	5.47B	4.89B
Other Non Current Liabilities	67M	43M	41M	60M	27M
Total Liabilities	58.3B	59.55B	42.83B	40.27B	36.64B
Common Stock, Total	2.28B	2.28B	2.28B	2.49B	2.87B
Additional Paid In Capital	20.62B	20.62B	20.62B	21.41B	21.96B
Retained Earnings	10.17B	7.15B	-1.79B	-4.8B	-8.74B
Comprehensive Income and Other	284M	1.23B	898M	2.41B	403M
Total Common Equity	33.34B	31.27B	22B	21.51B	16.49B
Minority Interest	596M	43M	14M	-	-
Total Equity	33.94B	31.31B	22.02B	21.51B	16.49B
Total Liabilities And Equity	92.24B	90.86B	64.85B	61.78B	53.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.1B	1.1B	1.1B	1.2B	1.37B
ECS Total Common Shares Outstanding	1.1B	1.1B	1.1B	1.2B	1.4B
Book Value / Share	30.18	28.46	20.03	16.91	11.81
Tangible Book Value	30.28B	28.89B	20.22B	20.03B	15.41B
Tangible Book Value Per Share	27.41	26.3	18.4	15.69	11.03
Total Debt	47.9B	49.12B	34.97B	33.12B	30.22B
Net Debt	47.33B	48.14B	34.54B	32.53B	28.42B
Debt Equivalent Oper. Leases	-	-	-	-	-
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	171M
Full Time Employees	368	321	282	277	273
Part Time Employees	-	12	8	7	5
Assets on Operating Lease - Gross	83.08B	78.39B	58.03B	55.2B	46.94B
Accumulated Allowance for Doubtful Accounts (Supple)	25M	22M	13M	22M	31M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.41B	-1.95B	-7.97B	-1.06B	-3.31B
Depreciation, Depletion & Amortization	0	26M	23M	22M	18M
Total Depreciation, Depletion & Amortization	0	26M	23M	22M	18M
Change in Accounts Receivable	-16M	138M	264M	-68M	-149M
Change in Other Net Operating Assets (Collected)	57M	396M	-864M	-52M	8M
Other Operating Activities	-3.26B	3.62B	9.26B	2.08B	4.25B
Cash from Operations	1.19B	2.23B	718M	920M	812M
Acquisition of Real Estate Assets, Total	-2.06B	-3.02B	-1.99B	-1.34B	-1.5B
Sale of Real Estate Assets, Total	488M	2.27B	13.25B	3.02B	5.23B
Net Sale / Acquisition of Real Estate Assets	-1.58B	-749M	11.26B	1.67B	3.73B
Cash Acquisitions	870M	-575M	-	-4M	-
Divestitures	-	8M	-	-	-
Investment in Marketable and Equity Securities, Total	-249M	22M	2.57B	-	-
Cash from Investing	-954M	-1.29B	13.83B	1.67B	3.73B
Long-Term Debt Issued, Total	6.83B	14.08B	10.66B	11.72B	18.63B
Total Debt Issued	6.83B	14.08B	10.66B	11.72B	18.63B
Long-Term Debt Repaid, Total	-5.99B	-13.82B	-24.79B	-14.19B	-21.1B
Total Debt Repaid	-5.99B	-13.82B	-24.79B	-14.19B	-21.1B
Issuance of Common Stock	-	-	-	1.01B	925M
Repurchase of Common Stock	-	-121M	-	-	-3M
Common Dividends Paid	-261M	-87M	-138M	-318M	-1.22B
Preferred Dividends Paid	-246M	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-627M	-830M	-659M	-523M
Common & Preferred Stock Dividends Paid	-507M	-714M	-968M	-977M	-1.75B
Other Financing Activities, Total	-23M	-	-	-	-
Cash from Financing	317M	-583M	-15.1B	-2.44B	-3.29B
Foreign Exchange Rate Adjustments	3M	53M	-4M	14M	-30M
Net Change in Cash	556M	408M	-550M	157M	1.22B
Supplemental Items
Cash Interest Paid	638M	1.12B	1.43B	1.19B	1.16B
Cash Income Tax Paid (Refund)	3M	13M	13M	9M	1M
Net Debt Issued / Repaid	847M	252M	-14.13B	-2.48B	-2.47B
Levered Free Cash Flow	1.24B	1.01B	-332M	408M	536M
Unlevered Free Cash Flow	1.67B	1.74B	591M	1.22B	1.3B
Change In Net Working Capital	-584M	-572M	449M	177M	18M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.97	1.29	1.31	2.17	2.27
Return on Total Capital	2.19	1.45	1.48	2.47	2.58
Return On Equity %	21.81	-5.94	-30	-4.86	-17.43
Return on Common Equity	21.7	-6.03	-29.92	-4.87	-17.43
Margin Analysis
Gross Profit Margin %	63.84	57.07	57.01	63.92	64.21
SG&A Margin	3.98	5.15	5.65	4.33	3.95
EBITDA Margin %	59.86	52.63	52.08	60.19	60.78
EBITA Margin %	59.86	51.92	51.36	59.59	60.26
EBIT Margin %	59.86	51.92	51.36	59.59	60.26
Income From Continuing Operations Margin %	154.2	-53.4	-252.49	-28.63	-95.56
Net Income Margin %	151.22	-53.68	-251.58	-28.66	-95.56
Net Avail. For Common Margin %	151.22	-53.68	-251.58	-28.66	-95.56
Normalized Net Income Margin	27.5	37.41	-15.6	11.73	13
Levered Free Cash Flow Margin	42.48	27.7	-10.49	11.05	15.46
Unlevered Free Cash Flow Margin	57.45	47.85	18.65	33.05	37.66
Asset Turnover
Asset Turnover	0.05	0.04	0.04	0.06	0.06
Fixed Assets Turnover	0.06	0.04	0.05	0.06	0.07
Receivables Turnover (Average Receivables)	38.96	32.54	41.2	55.56	70.71
Short Term Liquidity
Current Ratio	0.12	0.14	0.1	0.08	0.2
Quick Ratio	0.1	0.11	0.06	0.06	0.17
Operating Cash Flow to Current Liabilities	0.07	0.13	0.05	0.05	0.06
Days Sales Outstanding (Average Receivables)	9.37	11.22	8.86	6.59	5.16
Average Days Payable Outstanding	83.98	88.2	67.26	43.52	46.8
Long Term Solvency
Total Debt/Equity	141.14	156.87	158.83	153.97	183.29
Total Debt / Total Capital	58.53	61.07	61.36	60.62	64.7
LT Debt/Equity	98.28	109.83	96.01	75.37	115.76
Long-Term Debt / Total Capital	40.75	42.76	37.1	29.68	40.86
Total Liabilities / Total Assets	63.21	65.54	66.05	65.18	68.96
EBIT / Interest Expense	2.5	1.61	1.1	1.69	1.7
EBITDA / Interest Expense	2.5	1.63	1.12	1.71	1.71
(EBITDA - Capex) / Interest Expense	2.5	1.6	1.12	1.71	1.71
Total Debt / EBITDA	27.45	25.72	21.19	14.89	14.35
Net Debt / EBITDA	27.12	25.2	20.93	14.63	13.5
Total Debt / (EBITDA - Capex)	27.45	26.25	21.19	14.89	14.35
Net Debt / (EBITDA - Capex)	27.12	25.73	20.93	14.63	13.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	226.06	24.49	-12.7	16.64	-6.22
Gross Profit, 1 Yr. Growth %	178.59	11.28	-12.8	30.79	-5.8
EBITDA, 1 Yr. Growth %	176.98	8.83	-13.61	34.79	-5.31
EBITA, 1 Yr. Growth %	177.42	7.97	-13.64	35.34	-5.18
EBIT, 1 Yr. Growth %	177.42	7.97	-13.64	35.34	-5.18
Earnings From Cont. Operations, 1 Yr. Growth %	-4.26K	-143.11	312.74	-86.77	212.95
Net Income, 1 Yr. Growth %	-4.18K	-144.19	309.14	-86.71	212.65
Diluted EPS Before Extra, 1 Yr. Growth %	-1.98K	-130.23	310.09	-87.25	174.74
Normalized Net Income, 1 Yr. Growth %	229.77	69.32	-136.4	-187.71	3.98
Net Property, Plant and Equip., 1 Yr. Growth %	492.09	-4.82	-25.74	-4.03	-15.07
Accounts Receivable, 1 Yr. Growth %	1.6K	2.94	-52.86	1.52	8.51
Total Assets, 1 Yr. Growth %	393.93	-1.49	-28.63	-4.73	-14.01
Common Equity, 1 Yr. Growth %	358.18	-6.22	-29.63	-2.24	-23.34
Tangible Book Value, 1 Yr. Growth %	316.15	-4.59	-30.03	-0.92	-23.1
Cash From Operations, 1 Yr. Growth %	221.62	87.56	-67.83	28.13	-11.74
Levered Free Cash Flow, 1 Yr. Growth %	831.11	-19.48	-133.05	-222.84	31.24
Unlevered Free Cash Flow, 1 Yr. Growth %	429.74	3.08	-65.97	106.68	6.86
Dividend Per Share, 1 Yr. Growth %	-38.46	0	-75	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	62.13	101.48	4.25	0.91	4.58
Gross Profit, 2 Yr. CAGR %	48.05	76.08	-1.49	6.79	11
EBITDA, 2 Yr. CAGR %	46.69	74.12	-3.04	7.91	12.98
EBITA, 2 Yr. CAGR %	46.78	73.07	-3.44	8.11	13.28
EBIT, 2 Yr. CAGR %	46.78	73.07	-3.44	8.11	13.28
Earnings From Cont. Operations, 2 Yr. CAGR %	20.14	323.61	33.4	-26.11	-35.66
Net Income, 2 Yr. CAGR %	18.98	324.7	34.46	-26.27	-35.55
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.85	138.41	11.33	-27.68	-40.81
Normalized Net Income, 2 Yr. CAGR %	55.43	136.3	-21.49	-43.5	-4.5
Net Property, Plant and Equip., 2 Yr. CAGR %	161.43	137.49	-15.99	-15.58	-9.72
Accounts Receivable, 2 Yr. CAGR %	376.1	318.33	-30.34	-30.82	-12.1
Total Assets, 2 Yr. CAGR %	132.04	120.58	-16.15	-17.54	-9.49
Common Equity, 2 Yr. CAGR %	101.99	107.29	-18.76	-17.06	-13.43
Tangible Book Value, 2 Yr. CAGR %	92.5	99.26	-18.29	-16.73	-12.71
Cash From Operations, 2 Yr. CAGR %	59.63	145.61	-22.32	-35.8	6.34
Capital Expenditures, 2 Yr. CAGR %	-	212.25	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	87.5	174.92	-48.41	-36.28	26.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	76.55	134.37	-40.78	-16.14	48.61
Dividend Per Share, 2 Yr. CAGR %	-18.35	-21.55	-50	-50	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	25.81	48.46	52.46	8.22	-1.53
Gross Profit, 3 Yr. CAGR %	14.74	34.61	39.31	8.27	2.42
EBITDA, 3 Yr. CAGR %	13.51	33.05	37.84	8.21	3.31
EBITA, 3 Yr. CAGR %	13.55	32.49	37.27	8.06	3.49
EBIT, 3 Yr. CAGR %	13.55	32.49	37.27	8.06	3.49
Earnings From Cont. Operations, 3 Yr. CAGR %	56.04	-14.62	319.96	-38.26	19.55
Net Income, 3 Yr. CAGR %	55.03	-14.48	319.45	-37.83	19.34
Diluted EPS Before Extra, 3 Yr. CAGR %	22.09	-40.66	185.66	-45.93	12.84
Normalized Net Income, 3 Yr. CAGR %	12.92	59.93	26.67	-18.54	-30.76
Net Property, Plant and Equip., 3 Yr. CAGR %	84.19	86.73	61.11	-12.18	-15.41
Accounts Receivable, 3 Yr. CAGR %	124.62	185.75	102.06	-21.02	-28.58
Total Assets, 3 Yr. CAGR %	80.39	74.39	51.43	-12.5	-16.38
Common Equity, 3 Yr. CAGR %	84.58	56.41	44.6	-13.59	-19.21
Tangible Book Value, 3 Yr. CAGR %	78.75	52.34	40.58	-12.87	-18.91
Cash From Operations, 3 Yr. CAGR %	38.49	68.45	24.73	-8.22	-28.61
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	29.49	41.84	35.69	-31.11	-18.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	29.79	47.85	23.18	-10.17	-9.08
Dividend Per Share, 3 Yr. CAGR %	-3.85	-12.64	-46.42	-37	-37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.56	23.84	16.69	27.21	31.12
Gross Profit, 5 Yr. CAGR %	15.95	14.62	7.95	22.71	27.21
EBITDA, 5 Yr. CAGR %	15.28	13.55	6.7	22.36	27.3
EBITA, 5 Yr. CAGR %	15.31	13.26	6.42	22.14	27.12
EBIT, 5 Yr. CAGR %	15.31	13.26	6.42	22.14	27.12
Earnings From Cont. Operations, 5 Yr. CAGR %	37.49	15.64	46.56	-19.42	98.29
Net Income, 5 Yr. CAGR %	36.95	15.76	46.45	-19.4	98.29
Diluted EPS Before Extra, 5 Yr. CAGR %	19.62	-6.93	17.67	-35.77	52.2
Normalized Net Income, 5 Yr. CAGR %	21.27	22.98	-2.36	5.48	13.14
Net Property, Plant and Equip., 5 Yr. CAGR %	51.15	47.38	34.57	35.88	27.8
Accounts Receivable, 5 Yr. CAGR %	76.23	87.76	40.63	62.03	44.84
Total Assets, 5 Yr. CAGR %	50.07	46.74	32.78	29.25	23.26
Common Equity, 5 Yr. CAGR %	55.47	48.43	32.93	21.36	17.78
Tangible Book Value, 5 Yr. CAGR %	52.5	46.1	30.7	19.64	16.18
Cash From Operations, 5 Yr. CAGR %	23.69	38.37	9.89	14.52	17.02
Capital Expenditures, 5 Yr. CAGR %	-	-1.47	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	27.49	18.3	-10.24	2.99	32.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	22.91	24.36	-5.06	17.85	32.79
Dividend Per Share, 5 Yr. CAGR %	4.56	0	-25.98	-30.12	-31.23