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Cibus Real Estate AB (publ)CIBUS.STCompetitor analysis, valuation and peers

Sweden · SEK·Real Estate›Real Estate Development

Nordic REIT that owns grocery-store properties leased to supermarket chains across Sweden, Finland and Denmark.

≈ A grocery-anchored REIT like a smaller Regency CentersMomentum weak 32
Mkt cap
$1.11B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$6.26M
20-day average traded
Fwd P/E
11.2×
forward earnings
ROIC−WACC
n/a
WACC 5.6%
Hurdle
n/a
no reverse DCF
Next earnings
104 days
18 Feb 2027
Close · SEKSEK 132.50
1D-1.2%
1W+2.2%
1M+9.4%
3M-7.2%
6M-12.0%
YTD-9.8%
1Y-19.9%
ATR %1.9%
52w lowhigh21.1% off high

What Cibus Real Estate AB (publ) does

Nordic REIT that owns grocery-store properties leased to supermarket chains across Sweden, Finland and Denmark.

Collects rent on grocery-anchored properties under long leases that are usually adjusted with inflation, so income is steady and growth comes mainly from buying more properties. Debt funds much of that, so interest costs matter as much as rents.

In one line: A grocery-anchored REIT like a smaller Regency Centers.

Products and services

  • Grocery store property leasing

Customers

  • Nordic supermarket chains (tenants)

Where it sits in the supply chain

  • Real Estate
  • Grocery-anchored retail REIT
  • Grocery store property ownership and…

What could go right

  • Defensive grocery-tenant cash-flow stability
  • Nordic portfolio growth via acquisitions

What could go wrong

  • Interest-rate sensitivity of property valuations
  • Grocery-tenant concentration risk

Moat: narrow (installed base, scale). Grocery-anchored properties provide defensive, recession-resistant cash flow from essential-goods retailers.

Headquarters: Malmo, Sweden · Founded: 2018 · Employees: 25

Named competitors

Cibus Real Estate AB (publ) at a glance

Size Cibus Real Estate AB (publ) (CIBUS.ST) is a Sweden Real Estate company (Real Estate Development) with a market value of $1.11B, the 128th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 132.50 on 6 Nov 2026.

Performance Over six months the shares fell 12.0%, against -13.8% for the median peer and +8.2% for the Sweden market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 20.2% over the last twelve months (peer median -12.2%); the operating margin is 75.3% (peer median 3.7%).

Valuation It trades at 11.2× forward earnings against a peer median of 12.3× (6th cheapest of 14).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026CIBUS.ST 88Peer median 87
Six months, rebased to 100: Cibus Real Estate AB (publ) against the median of its 20 peers (local-currency closes).

Cibus Real Estate AB (publ) financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 2.20BSEK 2.09BSEK 1.63BSEK 1.61BSEK 1.32B
Revenue growth—+28%+1%+22%—
Gross profitSEK 1.85BSEK 1.74BSEK 1.33BSEK 1.32BSEK 1.06B
EBITDASEK 1.66BSEK 1.56BSEK 1.21BSEK 1.21Bn/a
Net incomeSEK 938MSEK 988M-SEK 54.4M-SEK 229MSEK 851M
Free cash flowSEK 966MSEK 812MSEK 613MSEK 669MSEK 724M
Capital expenditureSEK 0SEK 0SEK 0SEK 0SEK 0
Total debtSEK 19.2BSEK 17.7BSEK 13.5BSEK 12.3BSEK 13.1B

Quarterly statements and history in the cockpit →

Cibus Real Estate AB (publ) 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

-40%-30%-20%-10%0%-20%0%SIGNATUREIRSAEDAS000048YVIV2337600657600185PLAN1766600266HBNB1918GLFMERYMMI6018288923600510600376CIBUS.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Cibus Real Estate AB (publ) is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%25×50×75×SIGNATUREIRSAEDAS0000482337600185PLAN1766GLFMERYMMI6018288923CIBUS.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cibus Real Estate AB (publ) is the large dot.

Cibus Real Estate AB (publ) competitors and peer comparison

Head to head with its named competitors (CIBUS.ST vs YCPS.MC vs REG vs SAGA-A.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Cibus Real Estate AB (publ) CIBUS.ST$1.11B-12%+20%75%11.2×n/a
Castellana Properties Socimi YCPS.MC$1.57B-4%+59%63%n/an/a
Regency Centers REG$13.7B-3%+8%37%29.7×n/a
AB Sagax SAGA-A.ST$6.96B+5%+5%78%15.7×n/a

How Cibus Real Estate AB (publ) 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.

Cibus Real Estate AB (publ) against its 20 peers (data as of 6 Nov 2026)
MeasureCIBUS.STPeer medianRank in peer set
1-month return+9.4%-3.3%4th highest of 21
6-month return-12.0%-13.8%10th highest of 21
Distance from 52-week high-21.1%-34.7%8th highest of 21
Revenue growth (TTM)+20.2%-12.2%3rd highest of 21
Operating margin75.3%3.7%2nd highest of 21
Forward P/E11.2×12.3×6th cheapest of 14

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
Cibus Real Estate AB (publ) CIBUS.STSweden$1.11B-12%+20%75%11.2×n/an/a
Signatureglobal (India) SIGNATURE.NSIndia$1.11B-17%-23%-7%22.8×n/an/a
IRSA Inversiones y Representaciones SA Sponsored ADR IRSUnited States$1.12B-10%+4%42%64.9×n/an/a
AEDAS Homes AEDAS.MCSpain$1.10B+1%-25%10%9.1×n/an/a
Shenzhen Kingkey Smart Agriculture Times 000048.SZChina$1.10B-7%-17%-15%10.4×n/an/a
Vivenio Residencial SOCIMI YVIV.MCSpain$1.09B-1%+34%60%n/an/an/a
Ichigo 2337.TJapan$1.09B-13%-17%29%9.0×n/an/a
Cinda Real Estate 600657.SSChina$1.08B-19%-44%-97%n/an/an/a
Zhuhai Zhumian 600185.SSChina$1.08B-27%-49%17%17.3×n/an/a
PLAZZA PLAN.SWSwitzerland$1.08B-4%+6%76%40.0×n/an/a
Token 1766.TJapan$1.07B-1%+5%6%8.2×n/an/a
Beijing Urban Construction Investment & Development Co 600266.SSChina$1.16B-21%-31%-2%n/an/an/a
Hotel101 Global HBNBUnited States$1.07B-29%+1,178%2%n/an/an/a
Sunac China 1918.HKHong Kong$1.06B-64%-29%-27%n/an/an/a
Gemlife Communities GLF.AXAustralia$1.05B-9%+8%32%12.3×n/an/a
Mercialys MERY.PAFrance$1.05B-15%+3%69%7.7×n/an/a
Marcus & Millichap MMIUnited States$1.05B-9%+12%1%56.1×n/an/a
Red Star Macalline 601828.SSChina$1.18B-25%-7%-27%80.4×n/an/a
Tosei 8923.TJapan$1.18B+17%+14%23%11.4×n/an/a
Black Peony (Group) 600510.SSChina$1.04B-37%-24%-14%n/an/an/a
Beijing Capital Development 600376.SSChina$1.04B-41%-35%-15%n/an/an/a

Questions

Who are Cibus Real Estate AB (publ)'s main competitors?
Named competitors: Castellana Properties (YCPS.MC), Regency Centers (REG), Sagax (SAGA-A.ST). The cockpit's measured peer set (industry) also includes Signatureglobal (India) (SIGNATURE.NS), IRSA Inversiones y Representaciones SA Sponsored ADR (IRS), AEDAS Homes (AEDAS.MC), Shenzhen Kingkey Smart Agriculture Times (000048.SZ), Vivenio Residencial SOCIMI (YVIV.MC), Ichigo (2337.T).
Is Cibus Real Estate AB (publ) expensive compared with its peers?
On forward p/e it trades at 11.2× against a peer median of 12.3×, 6th cheapest of 14 in its peer set.
How has Cibus Real Estate AB (publ) stock performed?
Over six months to 6 Nov 2026 the shares returned -12.0% against -13.8% for the median peer; over one year -19.9%.

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.