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Atrium Ljungberg AB Class BATRLJ-B.STCompetitor analysis, valuation and peers

Sweden · SEK·Real Estate›Real Estate Development

Swedish real estate company that owns and develops mixed-use urban properties (offices, retail, residential) in Stockholm-region growth areas.

≈ A Swedish mixed-use urban developer/REITMomentum laggard 7
Mkt cap
$1.45B
US dollars, full cap
Free float
36%
of shares outstanding
$/day
$1.65M
20-day average traded
Fwd P/E
12.3×
forward earnings
ROIC−WACC
n/a
WACC 5.4%
Hurdle
n/a
no reverse DCF
Next earnings
82 days
27 Jan 2027
Close · SEKSEK 22.15
1D-0.9%
1W+4.2%
1M-0.2%
3M-15.1%
6M-24.3%
YTD-33.3%
1Y-34.3%
ATR %2.4%
52w lowhigh38.0% off high

What Atrium Ljungberg does

Swedish real estate company that owns and develops mixed-use urban properties (offices, retail, residential) in Stockholm-region growth areas.

Collects rent from offices and shops in districts it develops itself, such as Sickla in Nacka outside Stockholm, so it first builds and then holds and lets what it builds. It also builds housing to sell, which adds income from development.

In one line: A Swedish mixed-use urban developer/REIT.

Products and services

  • Office property leasing
  • Retail property leasing
  • Residential development

Customers

  • Office and retail tenants
  • Homebuyers (development sales)

Where it sits in the supply chain

  • Real Estate
  • Mixed-use real estate
  • Urban office, retail and residential…

What could go right

  • Stockholm-region urban development demand
  • Mixed-use project completions

What could go wrong

  • Interest-rate sensitivity of property valuations
  • Construction-cost inflation on development projects

Moat: narrow (installed base, scale). Long track record of urban district development in growth suburbs of Stockholm gives a strong pipeline advantage.

Headquarters: Stockholm, Sweden · Founded: 1994 · Employees: 301

Named competitors

Atrium Ljungberg at a glance

Size Atrium Ljungberg (ATRLJ-B.ST) is a Sweden Real Estate company (Real Estate Development) with a market value of $1.45B, the 108th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 22.15 on 6 Nov 2026.

Performance Over six months the shares fell 24.3%, against -14.0% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 8.1% over the last twelve months (peer median +2.0%); the operating margin is 54.6% (peer median 12.7%).

Valuation It trades at 12.3× forward earnings against a peer median of 13.4× (7th cheapest of 15).

Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 86ATRLJ-B.ST 77
Six months, rebased to 100: Atrium Ljungberg against the median of its 20 peers (local-currency closes).

Atrium Ljungberg financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 3.67BSEK 3.56BSEK 3.48BSEK 3.25BSEK 3.12B
Revenue growth—+2%+7%+4%—
Gross profitSEK 2.10BSEK 2.25BSEK 2.12BSEK 2.04BSEK 1.72B
EBITDASEK 2.04BSEK 2.16BSEK 2.03BSEK 1.96BSEK 1.64B
Net incomeSEK 601MSEK 823MSEK 850M-SEK 954MSEK 4.29B
Free cash flowSEK 1.50BSEK 1.17BSEK 1.25BSEK 1.08BSEK 1.55B
Capital expenditureSEK 30.0MSEK 17.0MSEK 25.0MSEK 3.00MSEK 13.0M
Total debtSEK 30.0BSEK 27.8BSEK 25.8BSEK 26.3BSEK 26.7B

Quarterly statements and history in the cockpit →

Atrium Ljungberg competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%-20%-10%0%SOBHANP3INTEA-BGYC2669600162DEQCHAM6000940000316006496666600639ZUGNOPEN001914103088500123ATRLJ-B.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Atrium Ljungberg is the large dot.

Fundamentals: revenue growth against valuation

-100%0%+100%+200%0×50×100×SOBHANP3INTEA-BGYCDEQCHAM600649600639ZUGN10300123ATRLJ-B.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Atrium Ljungberg is the large dot.

Atrium Ljungberg competitors and peer comparison

Head to head with its named competitors (ATRLJ-B.ST vs FABG.ST vs HUFV-A.ST vs WALL-B.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Atrium Ljungberg ATRLJ-B.ST$1.45B-24%+8%55%12.3×n/a
Fabege FABG.ST$2.02B-16%+27%59%14.7×n/a
Hufvudstaden HUFV-A.ST$2.14B-5%-4%47%20.9×n/a
Wallenstam WALL-B.ST$2.57B-2%+2%60%19.3×n/a

How Atrium Ljungberg compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Atrium Ljungberg against its 20 peers (data as of 6 Nov 2026)
MeasureATRLJ-B.STPeer medianRank in peer set
1-month return-0.2%-0.9%10th highest of 21
6-month return-24.3%-14.0%6th lowest of 21
Distance from 52-week high-38.0%-28.1%7th lowest of 21
Revenue growth (TTM)+8.1%+2.0%8th highest of 21
Operating margin54.6%12.7%6th highest of 21
Forward P/E12.3×13.4×7th cheapest of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Atrium Ljungberg ATRLJ-B.STSweden$1.45B-24%+8%55%12.3×n/an/a
Sobha SOBHA.NSIndia$1.44B-12%+10%4%29.9×n/an/a
NP3 Fastigheter NP3.STSweden$1.45B-14%+11%72%13.9×n/an/a
Intea Fastigheter INTEA-B.STSweden$1.45B-11%+28%79%14.4×n/an/a
Grand City Properties GYC.DEGermany$1.42B-19%+2%55%5.3×n/an/a
China Overseas Property 2669.HKHong Kong$1.41B-17%+11%11%7.0×n/an/a
Shenzhen Heungkong 600162.SSChina$1.48B+63%-25%-1%n/an/an/a
Deutsche EuroShop DEQ.DEGermany$1.40B-16%+2%76%9.5×n/an/a
Cham Swiss Properties CHAM.SWSwitzerland$1.38B-5%-78%32%102.7×n/an/a
GreatTown 600094.SSChina$1.51B-2%-36%4%n/an/an/a
Grandjoy 000031.SZChina$1.38B-30%-25%3%n/an/an/a
Shanghai Chengtou 600649.SSChina$1.38B-14%-53%6%28.3×n/an/a
Evergrande Property Services 6666.HKHong Kong$1.37B-34%+9%10%n/an/an/a
Shanghai Jinqiao Export Processing Zone Development 600639.SSChina$1.37B-10%+203%23%5.7×n/an/a
Zug Estates ZUGN.SWSwitzerland$1.37B-2%+1%62%27.3×n/an/a
Opendoor Technologies OPENUnited States$1.36B-72%-37%-16%n/an/an/a
China Merchants Property Operation & Service 001914.SZChina$1.36B-16%+6%5%9.8×n/an/a
Seazen 1030.HKHong Kong$1.36B-36%-35%16%12.8×n/an/a
Starts 8850.TJapan$1.35B-6%+7%14%7.8×n/an/a
Yuexiu Property 0123.HKHong Kong$1.55B-30%-21%0%52.6×n/an/a
Castellana Properties Socimi YCPS.MCSpain$1.57B-4%+59%63%n/an/an/a

Questions

Who are Atrium Ljungberg's main competitors?
Named competitors: Fabege (FABG.ST), Hufvudstaden (HUFV-A.ST), Wallenstam (WALL-B.ST). The cockpit's measured peer set (industry) also includes Sobha (SOBHA.NS), NP3 Fastigheter (NP3.ST), Intea Fastigheter (INTEA-B.ST), Grand City Properties (GYC.DE), China Overseas Property (2669.HK), Shenzhen Heungkong (600162.SS).
Is Atrium Ljungberg expensive compared with its peers?
On forward p/e it trades at 12.3× against a peer median of 13.4×, 7th cheapest of 15 in its peer set.
How has Atrium Ljungberg stock performed?
Over six months to 6 Nov 2026 the shares returned -24.3% against -14.0% for the median peer; over one year -34.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.