Compare equities side by side
Stocks breaking to new annual highs
S&P 500 oversold value screener
Relative strength momentum leaders
Upcoming earnings dates & reports
Filter and sort all 500 stocks
Today's biggest gainers and losers
Visual sector performance
Fabege AB is a Swedish commercial real estate company focused on office and retail properties in Stockholm's central business districts and growth submarkets. The company owns and manages approximately 1.1 million square meters of leasable space, primarily in prime locations like Hammarby Sjöstad, Solna Business Park, and inner-city Stockholm. Fabege's competitive position centers on its concentrated exposure to Sweden's capital region office market, with tenant mix weighted toward financial services, technology, and professional services firms.
Fabege generates recurring rental income through long-term commercial leases (typically 3-5 year terms) with corporate tenants in Stockholm. The company creates value through strategic property acquisitions in high-growth submarkets, active asset management to optimize occupancy and rental rates, and selective development projects that convert underutilized sites into modern office space. Pricing power derives from limited supply of Grade A office space in central Stockholm locations and strong tenant demand from expanding technology and financial services sectors. The 69% gross margin reflects the capital-intensive nature of real estate ownership, with property operating expenses, maintenance, and property taxes as primary costs.
Stockholm office market vacancy rates and rental rate trends in CBD and Solna submarkets
Swedish interest rate policy (Riksbank rates) affecting property valuations and financing costs
Net absorption of office space in Stockholm region driven by corporate expansion activity
Property revaluation gains/losses from cap rate compression or expansion in Swedish CRE market
Major lease renewals or new tenant signings, particularly large-scale commitments (>5,000 sqm)
Hybrid work adoption permanently reducing office space demand per employee - Stockholm market showing 15-20% reduction in space utilization post-pandemic (industry estimate)
Regulatory changes to Swedish property taxation or rent control policies affecting net operating income
ESG compliance costs for older building stock - EU taxonomy requirements may mandate energy efficiency retrofits
Competition from larger Nordic REITs (Castellum, Vasakronan) with greater scale and lower cost of capital
New office supply in Stockholm suburbs creating downward pressure on rental rates in secondary locations
Tenant consolidation and flight to quality favoring newer Grade A properties over older stock
Refinancing risk on maturing debt in higher interest rate environment - typical Swedish CRE has 2-4 year debt maturity profile
Negative net margin (-9.8%) and ROE (-0.9%) indicate unrealized property losses or high interest burden eroding equity value
Low current ratio (0.00) suggests limited liquidity buffer for debt service or unexpected capital needs
high - Office demand is highly correlated with corporate profitability, employment growth in white-collar sectors, and business expansion activity. Economic downturns trigger corporate cost-cutting, reduced space requirements, and increased sublease availability. Stockholm's concentration in financial services and technology sectors creates sensitivity to both domestic Swedish GDP growth and global financial market conditions affecting tenant industries.
Very high sensitivity through multiple channels: (1) Property valuations move inversely with cap rates, which track risk-free rates - rising rates compress asset values and create unrealized losses; (2) Refinancing risk on floating-rate debt (typical 1.0x D/E suggests ~€700M debt exposure); (3) Discount rate for development projects rises, reducing pipeline NPV; (4) Competition from fixed-income yields affects REIT equity valuations. Swedish 10-year government bond yields and Riksbank policy rate are primary drivers.
Moderate - Access to investment-grade credit markets is essential for refinancing maturing debt and funding acquisitions. Widening credit spreads increase borrowing costs and can force asset sales if covenants are breached. The 1.0x debt/equity ratio suggests moderate leverage, but real estate companies are structurally dependent on debt capital markets for growth and operations.
value - Trading at 0.7x price/book suggests market pricing in significant NAV deterioration from higher cap rates or occupancy concerns. Attracts contrarian value investors betting on Stockholm office market recovery and mean reversion in property valuations. The 120% FCF yield appears anomalous (likely accounting treatment of property sales or non-recurring items) and should not be interpreted as sustainable distribution capacity. Negative total returns over past year indicate momentum investors have exited.
high - Real estate stocks exhibit elevated volatility during interest rate cycles and economic uncertainty. Swedish REITs typically show beta of 1.2-1.5x to local equity market. Illiquid ADR structure (FBGBY) adds volatility premium versus primary Stockholm listing. Current zero returns across 3/6/12 month periods suggest either data limitations or extreme illiquidity in US ADR market.