reports
- Simen Mortensen
More Q1 results and a proposed delisting
The Q1 reporting season is in full swing, with results from Catena, Entra, Pandox and Wihlborgs in the past week. In addition, Aurora Eiendom announced a proposal to delist from Euronext Growth Oslo. The weighted-average implied EBITDA yields on the stocks we cover are 5.00% for 2025e and 5.31% for 2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
LOGIB LOGISTEA
- Simen Mortensen
Signs of sector recovery, and more Q1 results
The markets were much quieter following the Easter break, with limited news; however, the names we cover saw their shares up 2.6% on average, with Atrium Ljungberg (7.1%), SBB (7.1%) and Pandox (4.8%) the top performers. JM released its Q1 results and we reiterated our BUY, believing it has passed the earnings trough, while we reiterated our HOLDs on Corem and Fabege following their quarterly reports. The weighted-average implied EBITDA yields on the stocks we cover are 5.04% for 2025e and 5.34%...
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
Capital City Bank Group, Inc. Reports First Quarter 2025 Results
Capital City Bank Group, Inc. Reports First Quarter 2025 Results TALLAHASSEE, Fla., April 21, 2025 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $16.9 million, or $0.99 per diluted share, for the first quarter of 2025 compared to $13.1 million, or $0.77 per diluted share, for the fourth quarter of 2024, and $12.6 million, or $0.74 per diluted share, for the first quarter of 2024. QUARTER HIGHLIGHTS (1st Quarter 2025 versus 4th Quarter 2024) Income Statement Tax-equivalent net interest income totaled $41....
- Simen Mortensen
Q1 reporting begins, volatility persists, CEO to leave and ‘special ex...
The ‘tariff volatility’ in credit and equity markets persisted this week, reversing many of the gains from previous weeks. Atrium Ljungberg kicked off Q1 reporting season. Öresund’s representative left the board of Stenhus and appointed a special examiner to review the company’s management. Castellum’s CEO Joacim Sjöberg stated he plans to leave by Q4 2026. The weighted-average implied EBITDA yields on the stocks we cover are 5.33% for 2025e and 5.66% for 2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
Capital City Bank Group, Inc. to Announce Quarterly Earnings Results o...
Capital City Bank Group, Inc. to Announce Quarterly Earnings Results on Monday April 21, 2025 TALLAHASSEE, Fla., April 08, 2025 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) announced today that it will release first quarter 2025 results on Monday, April 21, 2025, before the market opens. Upon release, investors may access a copy of the earnings results at the Company's Investor Relations website, . About Capital City Bank Group, Inc. Capital City Bank Group, Inc. is one of the largest publicly traded financial holding companies headquartered in Florida and has approxi...
- Simen Mortensen
Sector recovery on tariff introduction
While still down YTD, the Nordic real estate sector did see a recovery this week on falling interest rates as a result of US tariffs being imposed. Furthermore, we upgraded JM to BUY (HOLD) and published several Q1 previews in the construction sector. The weighted-average implied EBITDA yields on the stocks we cover are 5.06% for 2025e and 5.37% for 2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
- Simen Mortensen
Everything is connected
Geopolitical uncertainty has affected market interest rates and thus the Nordic real estate sector – and we see no near-term fix. The yield gap (risk premium) has remained broadly unchanged in the recent market volatility, meaning interest rates changes explain most of the YTD share price performance – a correlation we expected will continue. The local office rental market remains soft, and we expect the logistics market to follow suit. However, given the deleveraging efforts in recent years and...
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
LOGIB LOGISTEA
Fastighets AB Balder: 1 director
A director at Fastighets AB Balder bought 7,000 shares at 66.190SEK and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Simen Mortensen
A tenant bankruptcy, a lost rating, more newbuilds and new issues
This week, Castellum lost its seventh-largest tenant after Northvolt declared bankruptcy, Citycon’s IG rating was withdrawn, construction companies continue to start newbuilds (NCC in Finland), Corem announced a lease extension, and Kojamo and Sagax issued new bonds. The weighted-average implied EBITDA yields on the stocks we cover are 5.17–5.49% for 2025–2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
Capital City Bank Celebrates New Office Opening In Panama City Beach
Capital City Bank Celebrates New Office Opening In Panama City Beach PANAMA CITY BEACH, Fla., March 12, 2025 (GLOBE NEWSWIRE) -- On Tuesday, March 11, hosted a ribbon cutting to commemorate the opening of its new banking office located at 8403 West Bay Parkway at the entrance of the Latitude Margaritaville Watersound community. Attendees included leadership from Capital City Bank and The St. Joe Company, as well as several members of the Panama City Beach Chamber of Commerce and the Bay County Chamber of Commerce. “With the opening of our new office in Panama City Beach, we are strength...
Piper Sandler Expands Research Distribution with New Office Opening in...
ZURICH--(BUSINESS WIRE)-- (NYSE: PIPR), a leading investment bank, is excited to announce a new office opening in Zurich, Switzerland led by experienced industry veterans, Alex Molloy, Vincenzo Pescuma and Luigi Colazzo, who will manage the sales and distribution of Piper Sandler’s U.S. equity research and trading products to Swiss based clients. All three were previously at Credit Suisse. “The European market is a tremendous opportunity for the firm, and we are thrilled to have Alex, Vincenzo and Luigi leading this effort for us. The demand for our industry leading U.S. equity research has ...
- Simen Mortensen
Tough macro
Share prices for the names we cover are down by 7% week-on-week on average following the hike in market interest rates. In other news, February residential prices for Norway and Sweden were published, Skanska announced another large newbuild in Sweden, and Pandox acquired a EUR66m hotel in Cologne, Germany. The weighted-average implied EBITDA yields on the stocks we cover are 5.12% for 2025e and 5.43% for 2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
Walker & Dunlop Inc: 1 director
A director at Walker & Dunlop Inc bought 17,500 shares at 86.210USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Marcus & Millichap’s IPA Capital Markets Arranges $61M Redevelopment F...
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)-- , a division of specializing in capital markets services for major private and institutional clients, announced today the $60.9 million refinancing of a 28.9-acre oceanfront redevelopment project located in Huntington Beach, California. Gary Mozer, executive managing director with IPA Capital Markets, secured an 18-month, non-recourse loan on behalf of a California-based investment and development firm. The project plan includes residential and hospitality development and was approved by the Huntington Beach City Council on September 17th, 2024. T...
Moody's Ratings upgrades Walker & Dunlop's secured rating to Baa3 from...
Moody's Ratings (Moody's) has affirmed Walker & Dunlop, Inc.'s (Walker & Dunlop) Ba1 corporate family rating (CFR) and upgraded the company's senior secured bank credit facility rating to Baa3 from Ba1. The Baa3 rating reflects the rating on the firm's existing term loan as well as the ratings assig...
- Simen Mortensen
Better markets and more Q4 results
Positive data points for January were Colliers’ market update showing Nordic commercial real estate transaction volumes were up 17% YOY, while Norwegian residential developer, Union, said house sales improved 52% YOY, although both were from very low bases. Citycon released Q4 results this week, and Skanska announced a new development. The weighted-average implied EBITDA yields on the stocks we cover are 4.94% for 2025e and 5.24% for 2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
Capital City Bank Group, Inc. Increases Cash Dividend
Capital City Bank Group, Inc. Increases Cash Dividend TALLAHASSEE, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $0.24 per share. It represents a 4.35% increase over the prior quarter dividend of $0.23 per share. The dividend produces an annualized rate of $0.96 per common share and is payable on March 24, 2025 to shareowners of record as of March 10, 2025. The annualized dividend yield is 2.63% based on a closing stock price of $36.44 on February 26, 2025. About Cap...
Piper Sandler Strengthens Fixed Income Team with the Addition of Mary ...
NEW YORK--(BUSINESS WIRE)-- (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of as a managing director and co-head of the structured finance group alongside . She will be based in the New York office. “We are ecstatic to have Mary on the Piper Sandler platform. Mary’s deep expertise within multiple securitization markets, whole loan trading, and deal structuring will immediately benefit our clients,” said , managing director and head of non-depository fixed income at Piper Sandler. Stone joins the firm from StoneX Group Inc. where she was a managing director a...
Capital City Bank Establishes Chief Banking Officer; Names New Chief L...
Capital City Bank Establishes Chief Banking Officer; Names New Chief Lending Officer Newly Created Chief Banking Officer Leadership Role Aims To Support Strategic Growth and Cohesion Across Lending and Deposit Functions TALLAHASSEE, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- announces a newly created executive role of chief banking officer, providing comprehensive oversight of the lending and deposit functions of the Bank with a strategic focus on growth, efficiency and operational cohesion. The position has been filled by Ramsay Sims, a tenured member of the Company’s senior leadership t...
- Simen Mortensen
Last of the Q4s
Q4 reporting season wrapped up this week, with the last six of the names in the sector we cover releasing their results. In other news, the largest-ever hotel transaction in the Nordics was announced. The weighted-average implied EBITDA yields on the stocks we cover are 4.85% for 2025e and 5.22% for 2026e.
OLT OLAV THON EIENDOMSSELSKAP ASA
BALD B FASTIGHETS AB BALDER CLASS B
CAST CASTELLUM AB
CATE CATENA AB
WALL B WALLENSTAM AB CLASS B
ATRLJ B ATRIUM LJUNGBERG AB CLASS B
KMCP KMC PROPERTIES
ENTRA ENTRA ASA
POX PANDOX AB CLASS B
SBB B SAMHALLSBYGGNADSBOLAGET I NORDEN AB CLASS B
FABG FABEGE AB
WIHL WIHLBORGS FASTIGHETER AB
CORE B COREM PROPERTY GROUP (B)
KOJAMO KOJAMO OYJ
CTY1S CITYCON OYJ
NYF NYFOSA AB
SAGAB SAGAX
AURA AURORA EIENDOM
PUBLI PUBLIC PROPERTY INVEST
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.