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Last kr148.40 SEK
Change Today +1.50 / 1.02%
Volume 157.3K
BALDB On Other Exchanges
Symbol
Exchange
Stockholm
Stockholm
As of 11:29 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

fastighets ab balder-b shrs (BALDB) Snapshot

Open
kr147.00
Previous Close
kr146.90
Day High
kr149.00
Day Low
kr144.60
52 Week High
04/15/15 - kr161.70
52 Week Low
10/16/14 - kr77.50
Market Cap
24.1B
Average Volume 10 Days
323.6K
EPS TTM
kr20.34
Shares Outstanding
151.2M
EX-Date
05/27/09
P/E TM
7.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for FASTIGHETS AB BALDER-B SHRS (BALDB)

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fastighets ab balder-b shrs (BALDB) Details

Fastighets AB Balder (publ) engages in the acquisition, exploitation, and management of residential and commercial properties primarily in Stockholm, Gothenburg/West, Öresund, East, and North regions of Sweden. Its property portfolio comprises office, retail, and residential properties, as well as other properties, including hotel, educational, care, industrial, and mixed-use properties. The company owns 494 properties, 2,750 premises, 14,380 apartments, and 10,125 parking and garage spaces. Fastighets AB Balder (publ) was founded in 2005 and is headquartered in Gothenburg, Sweden.

444 Employees
Last Reported Date: 08/21/15
Founded in 2005

fastighets ab balder-b shrs (BALDB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

fastighets ab balder-b shrs (BALDB) Key Developments

Fastighets AB Balder (publ) Announces Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Fastighets AB Balder (publ) announced consolidated and parent earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company reported rental income of SEK 685 million against SEK 627 million a year ago. Net operating income was SEK 481 million against SEK 436 million a year ago. Operating profit was SEK 1,101 million against SEK 1,607 million a year ago. Profit before tax was SEK 1,300 million against SEK 1,286 million a year ago. Net profit for the period was SEK 1,160 million against SEK 1,087 million a year ago. Cash flow from operating activities was SEK 285 million against SEK 241 million a year ago. Acquisition of property, plant and equipment was SEK 3 million against SEK 0 a year ago. For the year to date, on consolidated basis, the company reported rental income of SEK 1,370 million against SEK 1,193 million a year ago. Net operating income was SEK 932 million against SEK 785 million a year ago. Operating profit was SEK 1,959 million against SEK 2,197 million a year ago. Profit before tax was SEK 1,842 million against SEK 1,637 million a year ago. Net profit for the period was SEK 1,595 million against SEK 1,370 million a year ago. Cash flow from operating activities was SEK 313 million against SEK 437 million a year ago. Acquisition of property, plant and equipment was SEK 5 million against SEK 1 a year ago. For the quarter, on parent company basis, the company reported net sales of SEK 36 million against SEK 23 million a year ago. Operating loss was SEK 6 million against SEK 6 million a year ago. Profit before tax was SEK 1,201 million against SEK 622 million a year ago. Net profit for the period was SEK 1,113 million against SEK 642 million a year ago. For the year to date, on parent company basis, the company reported net sales of SEK 69 million against SEK 52 million a year ago. Operating loss was SEK 11 million against SEK 9 million a year ago. Profit before tax was SEK 1,129 million against SEK 572 million a year ago. Net profit for the period was SEK 1,057 million against SEK 603 million a year ago.

Balder Starts Construction of Housing in Copenhagen

Fastighets AB Balder has obtained a building permit for the construction of 600 new condominiums in Copenhagen covering 57,000 sqm of lettable area. Balder will invest a total of approximately SEK 1,900 million until the last quarter of 2018. The construction will commence in the third quarter of 2015. The completion will take place in stages from the first quarter of 2017 to the last quarter of 2018. Approximately 160 apartments will be built in Ørestad Syd next to Balder´s existing construction and where Balder since many years owns apartments. The remaining apartments will be built in Amager overlooking Öresund.

Fastighets AB Balder to Acquire the Office Building at Göteborg Heden

Fastighets AB Balder has agreed to acquire the office building Göteborg Heden 47: 3 under construction. The property is located next to Gamla Ullevi between Kungsportsavenyn and the main railway station in the center of Gothenburg. The property is over 7,500 square meters and the agreed property value amounts to approximately SEK 415 million. Contracted tenants include the West Sweden Chamber of Commerce, law firm Glimstedt, Ernst & Young, Litigate law firm. Balder will also move its office in Gothenburg to the property. The possession will take place on July 1, 2016.

 

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Industry Analysis

BALDB

Industry Average

Valuation BALDB Industry Range
Price/Earnings 7.4x
Price/Sales 7.8x
Price/Book 1.5x
Price/Cash Flow 6.5x
TEV/Sales NM Not Meaningful
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