Fastighets AB Balder (publ) (BALDF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Fastighets AB Balder (publ) (BALDF) trades at $8.12 with AI Score 52/100 (Grade B). Fastighets AB Balder (publ) is a diversified real estate company based in Gothenburg, Sweden, specializing in the development, ownership, and management of residential and commercial properties across multiple European countries. Market cap: $9.58B, Sector: Real estate.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for BALDF: BALDF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BALDF against Real Estate peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
BALDF: 4/7 perspectives are bullish. Dominant signal: Ken Griffin bearish.
How is this calculated? →Fastighets AB Balder (publ) (BALDF) Real Estate Portfolio & Strategy
Fastighets AB Balder (publ) is a leading real estate company in Northern Europe, focusing on the development and management of a diverse portfolio that includes residential, commercial, and industrial properties, with a strong presence in key markets such as Sweden, Denmark, and Germany.
What Is the Investment Thesis for BALDF?
Fastighets AB Balder (publ) presents a compelling investment thesis driven by its diversified property portfolio and strong financial metrics. With a market capitalization of $9.58B and a P/E ratio of 8.4, the company is positioned favorably within the real estate sector. Key growth catalysts include ongoing expansion into new markets and the continued demand for residential and commercial properties across Europe. Balder's strategic focus on high-quality developments and sustainable practices enhances its competitive advantage, while the absence of dividends reflects a reinvestment strategy aimed at long-term growth. However, potential risks include market fluctuations and economic uncertainties that could impact property valuations and rental income. Investors should closely monitor these factors as they assess Balder's future performance.
Based on FMP financials and quantitative analysis
BALDF Key Highlights
- Market capitalization of $9.58B indicates a strong market presence.
- P/E ratio of 8.4 suggests potential undervaluation compared to industry peers.
- Profit margin of 50.4% reflects efficient operational management.
- Gross margin of 74.2% exceeds the industry average, indicating strong pricing power.
- The company owns 1,678 investment properties with a lettable area of 5,509 thousand square meters.
Who Are BALDF's Competitors?
BALDF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SNLAF Sino Land Company Limited | $1.32 | +0.00% | $12.65B | 47 |
| MRPRF MERLIN Properties SOCIMI, S.A. | $17.80 | -0.56% | $11.02B | 56 |
| DWHHF Deutsche Wohnen SE | $23.82 | +0.00% | $9.45B | 47 |
| LNGPF Longfor Group Holdings Limited | $1.34 | -0.74% | $9.20B | 42 |
| PSPSF PSP Swiss Property AG | $199.00 | +10.01% | $9.13B | 53 |
| STRS Stratus Properties Inc. | $28.14 | +1.99% | $224.64M | 63 |
| CHCI Comstock Holding Companies, Inc. | $16.47 | +2.36% | $165.34M | 59 |
| HGPI Horizon Group Properties, Inc. | $2.32 | +0.43% | $22.73M | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BALDF's Key Strengths?
- Strong profit margins indicating operational efficiency.
- Diverse portfolio across multiple property types and geographies.
- Established brand reputation in the real estate market.
- Commitment to sustainability enhancing competitive advantage.
What Are BALDF's Weaknesses?
- No dividend payouts may deter income-focused investors.
- High beta of 1.81 indicates potential volatility in stock price.
- Dependence on European markets may expose the company to regional economic downturns.
- Limited brand recognition outside of Northern Europe.
What Could Drive BALDF Stock Higher?
- Expansion into emerging European markets expected to drive revenue growth.
- Continued demand for residential properties in urban areas supporting occupancy rates.
- Investment in sustainable development practices enhancing property appeal.
- Technological advancements in property management improving operational efficiencies.
- Strategic acquisitions aimed at diversifying the property portfolio.
What Are the Key Risks for BALDF?
- Financial-distress signal — its Altman Z-Score of 0.41 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns impacting rental income and property valuations.
- Intense competition from established real estate firms in Europe.
- Regulatory changes affecting property development and management.
- Market fluctuations leading to changes in property demand.
What Are the Growth Opportunities for BALDF?
- Expansion into New Markets: Fastighets AB Balder plans to increase its footprint in emerging European markets, particularly in Central and Eastern Europe, where real estate demand is on the rise. The total addressable market in these regions is projected to grow at a CAGR of 6% over the next five years, presenting significant opportunities for Balder to enhance its portfolio and revenue streams.
- Sustainable Development Initiatives: The company is focusing on sustainable property development, aligning with global trends towards eco-friendly building practices. The green building market is expected to reach $1 trillion by 2027, and Balder's commitment to sustainability will likely attract environmentally-conscious investors and tenants, enhancing its marketability.
- Increasing Demand for Residential Properties: With urbanization trends continuing, there is a growing demand for residential properties in major cities across Europe. Balder's existing portfolio of apartments positions it well to capitalize on this trend, especially as homeownership rates fluctuate and rental markets strengthen.
- Technological Integration in Property Management: Fastighets AB Balder is investing in technology to optimize property management and enhance tenant experiences. The integration of smart technologies in real estate is projected to grow by 25% annually, providing Balder with opportunities to reduce operational costs and improve tenant satisfaction.
- Diversification of Property Types: The company is exploring opportunities to diversify its property types beyond traditional residential and commercial spaces, including logistics and warehousing facilities. The logistics real estate market is expected to grow significantly, driven by the e-commerce boom, providing Balder with additional revenue streams.
What Opportunities Does BALDF Have?
- Expansion into emerging European markets with growing real estate demand.
- Increased focus on sustainable development attracting eco-conscious tenants.
- Technological advancements improving property management efficiencies.
- Growing demand for logistics and warehousing properties due to e-commerce growth.
What Threats Does BALDF Face?
- Economic uncertainties impacting property valuations and rental income.
- Intense competition from other diversified real estate firms.
- Changes in government regulations affecting property development.
- Market fluctuations leading to potential declines in property demand.
What Are BALDF's Competitive Advantages?
- Diverse property portfolio reduces reliance on any single market segment.
- Strong brand reputation in the real estate sector enhances customer trust.
- Geographic diversification mitigates risks associated with local economic downturns.
- Commitment to sustainability attracts environmentally-conscious tenants and investors.
- Operational efficiencies lead to superior profit margins compared to competitors.
What Does BALDF Do?
Fastighets AB Balder (publ), founded in 1995 and headquartered in Gothenburg, Sweden, has established itself as a prominent player in the real estate sector, focusing on the development, ownership, and management of a wide range of properties. With a portfolio that includes residential apartments, commercial offices, retail spaces, and industrial facilities, Balder operates across several European countries, including Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. As of December 31, 2021, the company owned 1,678 investment properties with a total lettable area of 5,509 thousand square meters, showcasing its extensive reach and operational scale. Over the years, Balder has strategically expanded its portfolio through acquisitions and developments, positioning itself as a key player in the diversified real estate market. The company's focus on high-quality properties and sustainable development practices has enabled it to maintain a robust profit margin of 50.4% and a gross margin of 74.2%. Balder's commitment to enhancing its property offerings and optimizing operational efficiencies has contributed to its reputation as a reliable and innovative real estate provider in the competitive landscape.
What Products and Services Does BALDF Offer?
- Develop residential and commercial properties across Europe.
- Manage a diverse portfolio of investment properties.
- Provide high-quality living and working spaces.
- Focus on sustainable building practices.
- Offer a variety of property types including apartments, offices, and retail spaces.
- Engage in strategic acquisitions to expand market presence.
How Does BALDF Make Money?
- Generate revenue through rental income from residential and commercial properties.
- Engage in property development to create new investment opportunities.
- Leverage property management efficiencies to enhance profitability.
- Utilize strategic acquisitions to grow the property portfolio.
- Focus on long-term value creation through sustainable practices.
What Industry Does BALDF Operate In?
The real estate industry is experiencing robust growth driven by increasing urbanization and demand for both residential and commercial properties. The market is expected to expand as economies recover post-pandemic, with a projected compound annual growth rate (CAGR) of 5.5% over the next five years. Fastighets AB Balder (publ) is well-positioned within this landscape, competing with other diversified real estate firms such as Sino Land Company Limited (SNLAF), MERLIN Properties SOCIMI, S.A. (MRPRF), Deutsche Wohnen SE (DWHHF), Longfor Group Holdings Limited (LNGPF), and PSP Swiss Property AG (PSPSF). Balder's geographic diversification across multiple European markets provides a competitive edge in capturing growth opportunities.
Who Are BALDF's Key Customers?
- Residential tenants seeking quality apartments.
- Businesses looking for office and retail space.
- Investors interested in real estate opportunities.
- Local governments and municipalities for public-private partnerships.
- Logistics companies requiring warehousing solutions.
Fastighets AB Balder (publ) Financial Trajectory
Fastighets AB Balder (publ) (BALDF) reported $3.45B in revenue for Q1 2026, reflecting 0.1% growth compared to the prior quarter. The company recorded net income of $2.09B, with diluted EPS of $1.30. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this mid-cap Real Estate company. Across the four most recent quarters, BALDF averaged $1.19 in diluted EPS.
Company Profile
Fastighets AB Balder (publ) operates in the Real Estate - Diversified industry within the Real Estate sector. It is headquartered in Gothenburg, SE. The company is led by CEO Erik Selin. BALDF has traded publicly since 2022.
How Fastighets AB Balder (publ) Is Valued
Fastighets AB Balder (publ) carries a market capitalization of $9.58B, placing it in the mid-cap category. Relative to its peer group, BALDF's quantitative score of 52/100 is roughly in line with the peer average of 49/100.
ROE 7%Key Financial Metrics
Return on equity for Fastighets AB Balder (publ) stands at 7.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.4%, showing how much profit it generates from its asset base. BALDF trades at a trailing price-to-earnings ratio of 8.41, below the Real Estate sector average of ~20x. Its free cash flow yield is 6.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.92 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 11.9%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 4/9Financial Health
Fastighets AB Balder (publ)'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.41 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Fastighets AB Balder (publ) revenue of about $14.06B for fiscal 2026, with EPS near $4.26. The estimate reflects 7 contributing analysts.
BALDF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Balder's insider buying suggests confidence from those who know the company best. Think of it like when insiders loaded up on housing stocks before the post-pandemic boom.
- Community chatter highlights Balder's solid real estate portfolio as a safe haven in uncertain times, reminiscent of investors flocking to blue-chip stocks during market volatility.
- Despite broader market jitters, some community members believe Balder's long-term rental strategy provides stability, similar to how consumer staples hold up during recessions.
- Positive sentiment suggests some investors see Balder as undervalued, a potential contrarian play like betting on beaten-down tech stocks with strong fundamentals.
Bear Case
- Recent community sentiment expresses concern over rising interest rates impacting Balder's debt, similar to the pressure faced by highly leveraged companies during rate hikes.
- Some investors worry about a potential slowdown in the Swedish real estate market affecting Balder's property values, echoing concerns during the 2008 financial crisis.
- Negative discussions focus on potential vacancy increases in Balder's commercial properties, a risk similar to what retail REITs faced during the rise of e-commerce.
- Bearish community views highlight potential challenges in securing new financing for Balder's projects, mirroring the difficulties faced by companies with weak balance sheets during credit crunches.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $3.45B | $2.09B | $1.30 |
| Q4 2025 | $3.44B | $1.77B | $1.40 |
| Q3 2025 | $3.43B | $2.28B | $2.00 |
| Q2 2025 | $3.41B | $770M | $0.06 |
Based on FMP financials and quantitative analysis
BALDF Latest News
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Fastighets AB Balder (BALDF) Q1 2026 Earnings Call Highlights: Navigating Growth Amidst Market ...
Yahoo! Finance: BALDF News · May 9, 2026
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FASTIGHETS AB BALDER ADR (FSTGY) Q1 2026 Earnings Call Transcript
seekingalpha.com · May 8, 2026
BALDF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BALDF.
Price Targets
Wall Street price target analysis for BALDF.
BALDF MoonshotScore
What does this score mean?
The MoonshotScore rates BALDF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Erik Selin
CEO
Erik Selin has been instrumental in leading Fastighets AB Balder since its inception in 1995. He holds a degree in business administration and has extensive experience in the real estate sector. Under his leadership, Balder has expanded its portfolio significantly and established a strong presence in multiple European markets.
Track Record: Selin has successfully guided the company through various market cycles, focusing on strategic acquisitions and sustainable development practices. His leadership has resulted in consistent revenue growth and enhanced profitability for Balder.
BALDF OTC Market Information
The OTC Other tier includes companies that do not meet the higher standards of the OTCQX or OTCQB tiers. This tier typically involves less regulatory scrutiny, which can lead to lower liquidity and transparency compared to stocks listed on major exchanges like NYSE or NASDAQ.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Lower regulatory oversight may lead to less transparency in financial reporting.
- Potential for higher volatility due to lower trading volumes.
- Increased risk of price manipulation in less regulated markets.
- Limited access to institutional investment due to OTC classification.
- Review financial statements and performance metrics.
- Assess the company's market position and competitive landscape.
- Evaluate management's track record and strategic vision.
- Investigate property portfolio quality and diversification.
- Monitor macroeconomic factors affecting the real estate market.
- Established company with a history since 1995.
- Transparent financial reporting available to the public.
- Diverse property portfolio across multiple European markets.
- Strong operational metrics indicating financial health.
Fastighets AB Balder (publ) Real Estate Stock: Key Questions Answered
What does Fastighets AB Balder (publ) do?
Fastighets AB Balder (publ) is a diversified real estate company that develops, owns, and manages a wide range of properties, including residential apartments, commercial offices, and retail spaces across multiple European countries. The company focuses on creating high-quality living and working environments while emphasizing sustainable development practices.
What are the key financial metrics investors watch for BALDF?
Investors typically monitor several key financial metrics for Fastighets AB Balder (publ), including its profit margin of 50.4%, gross margin of 74.2%, and P/E ratio of 8.4. These metrics provide insights into the company's operational efficiency and valuation compared to industry peers, helping investors assess its financial health and growth potential.
What are the main risks for BALDF?
Fastighets AB Balder (publ) faces several risks, including potential economic downturns that could impact rental income and property valuations, as well as intense competition from other established real estate firms. Additionally, regulatory changes may affect property development and management, while market fluctuations could lead to changes in property demand, posing challenges for the company's growth.
What are the key factors to evaluate for BALDF?
Fastighets AB Balder (publ) (BALDF) holds an AI score of 52/100 (moderate). P/E: 8.4x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does BALDF data refresh on this page?
BALDF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BALDF's recent stock price performance?
Fastighets AB Balder (publ) (BALDF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong profit margins indicating operational efficiency. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BALDF overvalued or undervalued right now?
Fastighets AB Balder (publ) (BALDF) trades at 8.4x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying BALDF?
Before investing in Fastighets AB Balder (publ) (BALDF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
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