|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||9.19 - 9.19|
|52 Week Range||8.60 - 17.97|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.62 (6.79%)|
|Ex-Dividend Date||Dec 29, 2022|
|1y Target Est||N/A|
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(Bloomberg) -- Analysts are upgrading Swedish real estate stocks after recent selloffs have made them too cheap to ignore and as recent measures to shore up highly-leveraged balance sheets have improved some of their outlooks.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear
Castellum has decided to move the publication of the company's interim report for the period January-March 2023 to 26 April 2023.
The shareholders of Castellum Aktiebolag, Reg. No. 556475-5550 ("Castellum" or the "Company") are hereby given notice to attend the Annual General Meeting to be held on Thursday, 23 March 2023, at 5 p.m. CET at Castellum's head office at Hangövägen 20, floor 4, Stockholm. The entrance opens at 4.30 p.m CET.
The Nomination Committee of Castellum proposes Louise Richnau and Ann-Louise Lökholm-Klasson to be elected as new members of the Board of Directors of Castellum. Per Berggren (Chair of the Board), Anna-Karin Celsing, Henrik Käll, Joacim Sjöberg and Leiv Synnes are proposed for re-election.
The Sustainability Yearbook is produced by S&P Global, which is a world leader in credit ratings, benchmarks and analyses in the global capital and raw materials markets, and offers in-depth data and insights into critical business factors.
Today, Rutger Arnhult has announced that he is leaving Castellum's board with immediate effect.
On Monday, 13 February at 8:00 a.m. (CET), Castellum will publish its year-end report 2022. Investors, analysts and journalists are invited to a live presentation of the report at 10:00 a.m. (CET), where acting CEO Joacim Sjöberg and Head of Treasury Jens Andersson will be commenting on the results.
The Board of Directors of Castellum has appointed Joacim Sjöberg as acting CEO of Castellum AB during the ongoing recruitment process. Joacim Sjöberg has been a member of the Board of Directors of Castellum since 2020 and has good knowledge of the company and the industry.
Castellum divests a commercial property portfolio with 5 properties. The sales price, which is in line with the book value, amounts to approximately SEK 219 M with a market deduction for deferred tax. In addition, there are conditional agreements and letters of intent signed for a further SEK 1.8 billion.
Castellum divest the properties Marievik 27 and Marievik 30 to AMF Fastigheter for SEK 962 million, of which SEK 80 million will be paid when the new detailed development plan becomes legally binding. Underlying property value wich is in line with book value, amounts to SEK 962 M with a market deduction for deferred tax.
Castellum is divesting a soon-to-be-completed property with the Swedish National Courts Administration as the sole tenant. The building will house the Göta Court of Appeal and the Administrative Court of Appeal in Jönköping. The underlying property value witch is in line with book to value, amounts to SEK 510 M with a market-based deduction for deferred taxes.
Today, Castellum's current Head of Treasury, Jens Andersson, has been appointed the new CFO at Castellum AB. He will take office on 14 February 2023.
Rutger Arnhult has informed the Board of Directors of Castellum that he has decided to leave his position as CEO of the company. The Board is now initiating a process to appoint a new CEO.
For the seventh consecutive year, Castellum has received top marks in the S&P Corporate Sustainability Assessment (S&P CSA) and is the only Nordic property company to be included in the Dow Jones Sustainability Indices, the S&P 500 ESG and several other related sustainability indices.
Castellum AB (publ) held an Extraordinary General Meeting on Thursday, December 8, 2022. The Extraordinary General Meeting was held only through advance voting (postal voting) in accordance with temporary legislation.
Maria Strandberg has announced that she has decided to step down from her role as CFO at Castellum for new opportunities. Maria Strandberg will remain in her role pending recruitment of a new CFO.
The shareholders of Castellum AB (publ), Reg. No. 556475-5550, are hereby summoned to the Extraordinary General Meeting to be held on Thursday, December 8, 2022.
The Board of Directors of Castellum observes that the bond market is still closed with no signs of recovery in the near future. In order to safeguard the company's credit rating, the Board of Directors has resolved to adopt a stricter financial policy and a savings program with a reduced investment scope for 2023 in order to strengthen the company's balance sheet. Furthermore, the Board of Directors will not propose that the upcoming Annual General Meeting resolves to pay any dividends.
The construction of Hisingen's new police station on Exportgatan has now begun. Castellum is creating purpose-built premises on the site where the old printing office for the Swedish daily Göteborgs-Posten once stood. The new police station is approximately 9,000 square metres in size, and is expected to be ready for occupancy during the second quarter of 2025.
Positive net leasing and good growth in income from property management
The Global Real Estate Sustainability Benchmark (GRESB) is being published today; it shows that for the seventh consecutive year, Castellum is a world leader in sustainability in the Office/Industry category with 92 out of a possible 100 points.
In accordance with Nomination Committee instructions, the composition of the Committee has been changed ahead of Castellum AB's 2023 Annual General Meeting (AGM) owing to changes in ownership of the company.
On Thursday, 20 October at 8:00 a.m. (CEST), Castellum will publish its interim report January-September 2022. Investors, analysts and journalists are invited to a live presentation of the report at 10:00 a.m. (CEST), where CEO Rutger Arnhult, CFO Maria Strandberg and Head of Treasury Jens Andersson will be commenting on the results.
CEO and board member Rutger Arnhult and M2 Asset Management AB ("M2") have submitted a written request to Castellum for the purpose of obtaining Castellum's permission to proceed with an immediate sale of shares in Castellum held by M2 concurrently with the ongoing closed period, which extends up until 20 October 2022 when Castellum announces its interim financial report for the period January - September 2022.
The Korsningen block project has now been completed, and Castellum is one of the first companies in the Nordics to receive a NollCO2 (ZeroCO2) certification.