Corem Property Group Logo

Corem Property Group

ISIN: SE0010714279 | Ticker: CORE | LEI: 213800CHXQQD7TSS1T59
Sector: Real EstateSub-Industry: Real Estate Development
Country: Sweden

About Corem Property Group

Company Description

Corem acquires, manages, refines and develops properties in attractive locations in metropolitan and growth areas. An important part of our strategy is to manage the properties with our own staff, for the best market awareness and close proximity to our tenants. We have a long-term perspective and want to be a really good business partner for our tenants.

Corem is listed on Nasdaq Stockholm Large Cap with four types of shares, ordinary shares of series A, ordinary shares of series B, ordinary shares of series D and preference shares.

Our properties are located in locations that are valuable to our tenants – in and around Sweden’s largest cities, at logistics hubs close to the major access routes and in growth areas. Through our broad property portfolio which also includes properties in Copenhagen and New York, we can offer a variety of alternatives and are flexible in the event of changing needs.

Served area

Nordics

Headquarters

Riddargatan 13 C, 11451 Stockholm – Sweden

Financial statements

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Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 18,674,000,000.00 92,236,000,000.00 90,862,000,000.00
Noncurrent Assets N/A 18,574,000,000.00 90,282,000,000.00 87,348,000,000.00
Property Plant And Equipment N/A 1,000,000.00 68,000,000.00 82,000,000.00
Investment Property N/A 14,002,000,000.00 83,084,000,000.00 78,387,000,000.00
Goodwill N/A 0.00 3,059,000,000.00 2,374,000,000.00
Investments In Associates Accounted For Using Equity Method N/A 0.00 472,000,000.00 3,415,000,000.00
Noncurrent Derivative Financial Assets N/A 0.00 251,000,000.00 1,312,000,000.00
Other Noncurrent Assets N/A 6,000,000.00 155,000,000.00 150,000,000.00
Current Assets N/A 100,000,000.00 1,954,000,000.00 3,514,000,000.00
Property Intended For Sale In Ordinary Course Of Business N/A 0.00 63,000,000.00 206,000,000.00
Current Trade Receivables N/A 8,000,000.00 66,000,000.00 103,000,000.00
Current Accrued Income Other Than Current Contract Assets N/A N/A 557,000,000.00 614,000,000.00
Other Current Receivables N/A 48,000,000.00 697,000,000.00 513,000,000.00
Other Current Financial Assets N/A N/A 0.00 1,099,000,000.00
Cash and cash equivalents 8,000,000.00 15,000,000.00 571,000,000.00 979,000,000.00
Equity And Liabilities N/A 18,674,000,000.00 92,236,000,000.00 90,862,000,000.00
Equity 8,172,000,000.00 7,277,000,000.00 33,938,000,000.00 31,311,000,000.00
Issued Capital N/A 759,000,000.00 2,275,000,000.00 2,275,000,000.00
Retained Earnings N/A 5,116,000,000.00 10,167,000,000.00 7,151,000,000.00
Additional Paidin Capital N/A 1,409,000,000.00 20,616,000,000.00 20,616,000,000.00
Equity Attributable To Owners Of Parent N/A 7,277,000,000.00 33,342,000,000.00 31,268,000,000.00
Noncontrolling Interests N/A 0.00 596,000,000.00 43,000,000.00
Liabilities N/A 11,397,000,000.00 58,298,000,000.00 59,551,000,000.00
Noncurrent Liabilities N/A 6,990,000,000.00 41,547,000,000.00 41,995,000,000.00
Deferred Tax Liabilities N/A 800,000,000.00 8,127,000,000.00 7,562,000,000.00
Noncurrent Derivative Financial Liabilities N/A 455,000,000.00 337,000,000.00 22,000,000.00
Other Noncurrent Liabilities N/A 7,000,000.00 67,000,000.00 43,000,000.00
Longterm Borrowings N/A 5,510,000,000.00 32,016,000,000.00 32,745,000,000.00
Current Liabilities N/A 4,407,000,000.00 16,751,000,000.00 17,556,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A 60,000,000.00 425,000,000.00 328,000,000.00
Current Deferred Income Other Than Current Contract Liabilities N/A N/A 1,460,000,000.00 1,453,000,000.00
Current Tax Liabilities Current N/A 1,000,000.00 14,000,000.00 6,000,000.00
Other Current Liabilities N/A 46,000,000.00 304,000,000.00 1,041,000,000.00
Line item in (sek) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 0.00 21,000,000.00 635,000,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 0.00 21,000,000.00 635,000,000.00
Profit Loss Before Tax 106,000,000.00 5,682,000,000.00 -2,486,000,000.00
Income Tax Expense Continuing Operations 214,000,000.00 1,187,000,000.00 -548,000,000.00
Profit (loss) -108,000,000.00 4,495,000,000.00 -1,938,000,000.00
Profit Loss Attributable To Owners Of Parent -108,000,000.00 4,408,000,000.00 -1,948,000,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 87,000,000.00 10,000,000.00
Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -108,000,000.00 4,495,000,000.00 -1,938,000,000.00
Adjustments For Decrease Increase In Inventories N/A 0.00 -189,000,000.00 -143,000,000.00
Adjustments For Depreciation And Amortisation Expense N/A 1,000,000.00 0.00 26,000,000.00
Cash Flows From Used In Operating Activities N/A 370,000,000.00 1,190,000,000.00 2,232,000,000.00
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A N/A 0.00 22,000,000.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A N/A 0.00 575,000,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A -4,000,000.00 225,000,000.00 -39,000,000.00
Cash Flows From Used In Investing Activities N/A -2,016,000,000.00 -954,000,000.00 -1,294,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 498,000,000.00 0.00 121,000,000.00
Payments Of Other Equity Instruments N/A 0.00 39,000,000.00 87,000,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 4,079,000,000.00 6,834,000,000.00 14,077,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 1,847,000,000.00 5,987,000,000.00 13,825,000,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A 197,000,000.00 0.00 N/A
Cash Flows From Used In Financing Activities N/A 1,653,000,000.00 317,000,000.00 -583,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 7,000,000.00 553,000,000.00 355,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 0.00 3,000,000.00 53,000,000.00
Cash and cash equivalents 8,000,000.00 15,000,000.00 571,000,000.00 979,000,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
SWE
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
29.12.23 M2 Asset Management AB Other Buy SEK 11,709,941.25
23.12.23 Arnia Holding AB Other Buy SEK 74,550,000.00
17.08.23 Rutger Arnhult Other Buy SEK 163,991.80
15.08.23 Rutger Arnhult Other Buy SEK 161,439.60
19.07.22 Patrik Essehorn Other Buy SEK 20,415.00
03.03.21 Rutger Arnhhult Other Buy SEK 14,603,213.40

Capital markets information

ISIN

SE0010714279

LEI

213800CHXQQD7TSS1T59

Sector

Real Estate

Industry Group

Real Estate Management & Development

Industry

Real Estate Management & Development

Sub-Industry

Real Estate Development

Listed Stock Exchange

Nasdaq Stockholm

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