Modern and strategically located logistics properties

Catena

Catena is Sweden's largest real estate company focusing on logistics properties, and the company's real estate portfolio is concentrated around Stockholm, Malmö, Göteborg, Helsingborg and Jönköping. The company has a long history in various forms, but the current Catena took shape in 2013 when most of Brinova's property portfolio was acquired through a reverse merger. In 2015, Catena divested a large development property in Solna to Fabege and acquired the property company Tribona, which was consolidated in early 2016.

Financials

CATENA

SEKm 2018 2019 2020
Rental Income 1087 1169 1215
Rental growth (%) 21,9 7,6 3,9
Net operating income 824 887 923
NOI margin (%) 75,8 75,8 76
CEPS Adj 14,96 15,95 16,65
CEPS Adj. growth (%) 27,2 6,7 4,4
DPS 5 5,5 6
EPRA NAVPS 172,27 192,93 214,44
EPS 20,73 13,05 13,77
EPS Adj 20,73 13,05 13,77
P/CEPS Adj. (x) 14,7 13,8 13,2
P/E Adj. (x) 10,6 16,8 15,9
P/EPRANAV (x) 1,27 1,14 1,02
Implicit yield (%) 5,3 5,1 5,2
div.yield (%) 2,3 2,5 2,7
LTV (%) 58,3 57,4 56,3

Company news

CATENA

Flaggningsmeddelande i Catena AB

16 January 2019

Flaggningsmeddelande i Catena AB

16 January 2019

Main shareholders

Catena

Main shareholders Share capital % Voting shares % Verified
Erik Paulsson 29.8 % 29.8 % 31 Dec 2018
Sten Mörtstedt 10.5 % 10.5 % 31 Dec 2018
Länsförsäkringar Fonder 6.3 % 6.3 % 31 Dec 2018
Cohen & Steers 5.0 % 5.0 % 11 Jan 2019
Jan Persson 4.5 % 4.5 % 31 Dec 2018
Gustaf Hermelin 4.1 % 4.1 % 15 Nov 2018
SEB Fonder 2.8 % 2.8 % 31 Dec 2018
Nordea Fonder 2.2 % 2.2 % 31 Dec 2018
TR Property Investment Trust 1.4 % 1.4 % 30 Nov 2018
Skagen Fonder 1.3 % 1.3 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

Catena

Name
Sofie Bennsten
Peter Andersson
Benny Thögersen
Gustaf Hermelin
Gustaf Hermelin
GUSTAF HERMELIN
GUSTAF HERMELIN
Benny Thögersen
Mats Carreman
Backahill Kil AB
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