SEB has factored the geopolitically driven interest rate surge into its revised forecasts for the real estate sector.
Following a further sharp decline in the sector, valuations are now lower than they were just a few weeks ago. SEB estimates a potential upside of at least 20 percent for the sector, provided there is no economic downturn. The bank identifies five preferred stocks: Catena, NP3, Stendörren, Sagax, and Diös. According to the analysis, all five maintain their buy ratings despite lowered price targets.
Overall, SEB has reduced price targets for 18 real estate stocks in the report. Recommendations remain unchanged for all companies, with the exception of Nyfosa, which has been upgraded to buy from hold. No stocks currently carry a sell recommendation.
Dios Fastigheter AB is a Sweden-based company active within the real estate sector. It is engaged in the acquisition, development, management and sale of primarily commercial real estate property, such as offices, retail premises and industrial premises, among others. Its real estate portfolio is focused in the municipalities of Borlange, Falun, Gavle, Mora, Ostersund, Sundsvall, Skelleftea and Lulea. As of December 31, 2011, the Company’s real estate portfolio comprised 93 properties with a total leasable area of 338,721 square meters. The Company has nine subsidiaries: Dios Fastigheter I AB, Dios Fastigheter II AB, Dios Fastigheter V AB, Fastighets AB Uprum, Dios Fastigheter X AB and Are Contrum AB, among others. In July 2014, it sold property Borgmastaren 4, Strandgatan 22 to a newly formed housing association Borgmastaren 4 in Ostersund. In September 2014, the Company sold a property at Solhojden 31 in Sundsvall to HSB Produktion.
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Global
Global
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ESG MSCI
ESG MSCI
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