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← CockpitCompetitor Analysis › CATE.ST Catena ABOpen in the cockpit ↗

Catena ABCATE.STCompetitor analysis, valuation and peers

Sweden · SEK·Real Estate›Real Estate Development

Swedish REIT that owns and develops logistics and warehouse properties, mainly at key transport hubs.

≈ A logistics-property REIT like a smaller PrologisMomentum neutral 40
Competitor Analysis ▸ ChartsOpen in the cockpit
Mkt cap
$2.61B
US dollars, full cap
Free float
70%
of shares outstanding
$/day
$3.25M
20-day average traded
Fwd P/E
13.4×
forward earnings
ROIC−WACC
n/a
WACC 6.3%
Hurdle
n/a
no reverse DCF
Next earnings
105 days
19 Feb 2027
Close · SEKSEK 385.20
1D-1.4%
1W+8.8%
1M+14.2%
3M-3.7%
6M-11.2%
YTD-14.6%
1Y-15.6%
ATR %2.3%
52w lowhigh23.4% off high

What Catena does

Swedish REIT that owns and develops logistics and warehouse properties, mainly at key transport hubs.

Earns rent on long leases from warehouse and logistics tenants, and creates growth by developing new buildings on land near transport hubs in Sweden and Denmark. Its strength is site location rather than building design.

In one line: A logistics-property REIT like a smaller Prologis.

Products and services

  • Logistics/warehouse property leasing
  • Build-to-suit logistics development

Customers

  • Logistics/e-commerce tenants
  • Retailers/distributors

Where it sits in the supply chain

  • Real Estate
  • Logistics REIT
  • Warehouse/logistics property ownership…

What could go right

  • E-commerce/logistics real estate demand growth
  • Development pipeline at transport hubs

What could go wrong

  • Interest-rate sensitivity of property valuations
  • Oversupply risk in logistics real estate

Moat: narrow (installed base, scale). Strategic locations at Nordic transport hubs benefit from e-commerce-driven logistics demand.

Headquarters: Helsingborg, Sweden · Founded: 1990 · Employees: 73

Named competitors

Catena at a glance

Size Catena (CATE.ST) is a Sweden Real Estate company (Real Estate Development) with a market value of $2.61B, the 64th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 385.20 on 6 Nov 2026.

Performance Over six months the shares fell 11.2%, against -14.0% for the median peer and +8.2% for the Sweden market (cap-weighted) — 9th highest of 20 in its peer set.

Growth Revenue grew 16.9% over the last twelve months (peer median +7.1%); the operating margin is 81.6% (peer median 28.6%).

Valuation It trades at 13.4× forward earnings against a peer median of 20.0× (7th cheapest of 17).

Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026CATE.ST 89Peer median 84
Six months, rebased to 100: Catena against the median of its 20 peers (local-currency closes).

Catena financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 3.04BSEK 2.67BSEK 2.20BSEK 1.81BSEK 1.55B
Revenue growth—+21%+21%+17%—
Gross profitSEK 2.55BSEK 2.21BSEK 1.79BSEK 1.45BSEK 1.22B
EBITDAn/aSEK 2.16BSEK 1.74BSEK 1.41BSEK 1.18B
Net incomeSEK 2.31BSEK 1.64BSEK 1.08BSEK 986MSEK 2.00B
Free cash flowSEK 1.79BSEK 1.58BSEK 1.29BSEK 1.06BSEK 1.24B
Capital expenditureSEK 0SEK 0SEK 0SEK 2.00MSEK 1.00M
Total debtSEK 26.5BSEK 18.0BSEK 17.2BSEK 12.2BSEK 11.1B

Quarterly statements and history in the cockpit →

Catena 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

-20%0%+20%+40%-20%0%+20%600606WALL-BSVS600246TEG000029TQ5254226028876WIHLIREN600095U060005370014MOBN0010CATE.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Catena is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×20×40×60×600606WALL-BSVSTEGTQ52542WIHLIREN6000950005370014NMRKMOBNCATE.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Catena is the large dot.

Catena competitors and peer comparison

Head to head with its named competitors (CATE.ST vs PLD vs SAGA-A.ST vs NP3.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Catena CATE.ST$2.61B-11%+17%82%13.4×n/a
Prologis PLD$123B-11%+7%38%39.0×n/a
AB Sagax SAGA-A.ST$6.96B+5%+5%78%15.7×n/a
NP3 Fastigheter NP3.ST$1.45B-14%+11%72%13.9×n/a

How Catena 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.

Catena against its 20 peers (data as of 6 Nov 2026)
MeasureCATE.STPeer medianRank in peer set
1-month return+14.2%-2.6%3rd highest of 21
6-month return-11.2%-14.0%9th highest of 20
Distance from 52-week high-23.4%-28.5%8th highest of 21
Revenue growth (TTM)+16.9%+7.1%3rd highest of 20
Operating margin81.6%28.6%highest of 20
Forward P/E13.4×20.0×7th cheapest of 17

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
Catena CATE.STSweden$2.61B-11%+17%82%13.4×n/an/a
Eaglerock Land LLC EROKUnited States$2.60Bn/an/an/a29.6×n/an/a
Greenland 600606.SSChina$2.66B-20%-30%-12%63.0×n/an/a
Wallenstam WALL-B.STSweden$2.57B-2%+2%60%19.3×n/an/a
Savills SVS.LUnited Kingdom$2.56B+37%+7%5%13.4×n/an/a
Vantone Neo Development 600246.SSChina$2.69B-14%+22%-152%n/an/an/a
TAG Immobilien TEG.DEGermany$2.51B-20%-5%31%10.1×n/an/a
Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZChina$2.73B-6%-24%14%n/an/an/a
Frasers Property TQ5.SISingapore$2.80B-20%-21%29%26.8×n/an/a
Highwealth Construction 2542.TWTaiwan$2.42B-5%+111%25%4.3×n/an/a
Onewo 2602.HKHong Kong$2.84B+6%+8%3%20.6×n/an/a
Relo 8876.TJapan$2.30B+21%+7%20%15.5×n/an/a
Wihlborgs Fastigheter WIHL.STSweden$2.28B-14%+7%70%10.8×n/an/a
Investis IREN.SWSwitzerland$2.26B-2%+10%67%32.9×n/an/a
Xiangcai 600095.SSChina$3.07B-19%-3%12%26.5×n/an/a
Singapore Land U06.SISingapore$3.08B-25%+4%36%n/an/an/a
Green Development Electricity Group of Tianjin 000537.SZChina$2.19B-28%+13%31%37.3×n/an/a
Hysan Development 0014.HKHong Kong$2.16B-20%-2%72%7.5×n/an/a
Newmark NMRKUnited States$2.16B-29%+16%7%6.1×n/an/a
Mobimo MOBN.SWSwitzerland$3.17B-1%+15%42%26.9×n/an/a
Hang Lung 0010.HKHong Kong$2.14B-25%+9%53%n/an/an/a

Questions

Who are Catena's main competitors?
Named competitors: Prologis (PLD), Sagax (SAGA-A.ST), NP3 Fastigheter (NP3.ST). The cockpit's measured peer set (industry) also includes Eaglerock Land LLC (EROK), Greenland (600606.SS), Wallenstam (WALL-B.ST), Savills (SVS.L), Vantone Neo Development (600246.SS), TAG Immobilien (TEG.DE).
Is Catena expensive compared with its peers?
On forward p/e it trades at 13.4× against a peer median of 20.0×, 7th cheapest of 17 in its peer set.
How has Catena stock performed?
Over six months to 6 Nov 2026 the shares returned -11.2% against -14.0% for the median peer; over one year -15.6%.

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.