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Swedish real estate company owning warehouse, light industrial and retail warehouse properties across Europe.
Swedish real estate company owning warehouse, light industrial and retail warehouse properties across Europe.
Collects rent on warehouse and light-industrial buildings, largely under leases whose rents rise with inflation, and grows mainly by acquiring property portfolios rather than building most of its own. Sweden remains its home base, with a growing share of holdings elsewhere in Europe.
In one line: A Swedish Public Storage/industrial REIT hybrid.
Moat: narrow (installed base, scale). Long track record acquiring and actively managing niche warehouse/industrial property across Europe.
Headquarters: Stockholm, Sweden · Founded: 1997 · Employees: 105
Size AB Sagax (SAGA-A.ST) is a Sweden Real Estate company (Real Estate Development) with a market value of $6.96B, the 38th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 185.00 on 6 Nov 2026.
Performance Over six months the shares gained 5.1%, against -1.5% for the median peer and +8.2% for the Sweden market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +12.4%); the operating margin is 77.7% (peer median 37.4%).
Valuation It trades at 15.7× forward earnings against a peer median of 15.9× (9th cheapest of 17).
Credit AB Sagax has 6 bonds outstanding ($2.98B), rated Baa2 by the agencies and trading like BB+ at a weighted spread of 139 bp.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 5.59B | SEK 5.40B | SEK 5.06B | SEK 4.32B | SEK 3.73B |
| Revenue growth | — | +7% | +17% | +16% | — |
| Gross profit | SEK 4.55B | SEK 4.44B | SEK 4.19B | SEK 3.55B | SEK 3.03B |
| EBITDA | n/a | SEK 4.27B | SEK 4.02B | SEK 3.38B | SEK 2.87B |
| Net income | SEK 6.77B | SEK 4.05B | SEK 5.25B | -SEK 13.0M | SEK 2.72B |
| Free cash flow | SEK 3.80B | SEK 3.62B | SEK 3.35B | SEK 3.56B | SEK 3.23B |
| Capital expenditure | SEK 158M | SEK 71.0M | SEK 51.0M | SEK 260M | SEK 58.0M |
| Total debt | SEK 44.9B | SEK 39.2B | SEK 35.7B | SEK 30.8B | SEK 32.7B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AB Sagax SAGA-A.ST | $6.96B | +5% | +5% | 78% | 15.7× | n/a |
| Castellum CAST.ST | $5.94B | +10% | -3% | 67% | 16.1× | n/a |
| Fastighets AB Balder BALD-B.ST | $6.43B | -2% | +4% | 66% | 12.2× | n/a |
| SEGRO SGRO.L | $16.6B | +33% | +7% | 69% | 23.8× | n/a |
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.
| Measure | SAGA-A.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +23.3% | +7.7% | highest of 21 |
| 6-month return | +5.1% | -1.5% | 8th highest of 21 |
| Distance from 52-week high | -12.7% | -17.9% | 10th highest of 21 |
| Revenue growth (TTM) | +5.1% | +12.4% | 8th lowest of 21 |
| Operating margin | 77.7% | 37.4% | highest of 21 |
| Forward P/E | 15.7× | 15.9× | 9th cheapest of 17 |
| Bond spread | 139 bp | 161 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AB Sagax SAGA-A.ST | Sweden | $6.96B | +5% | +5% | 78% | 15.7× | n/a | n/a |
| Deutsche Wohnen DWNI.DE | Germany | $7.05B | -20% | 0% | 48% | 11.0× | n/a | n/a |
| Cpi Property O5G.DE | Germany | $6.85B | -1% | -8% | 41% | n/a | n/a | n/a |
| Daito Trust Construction 1878.T | Japan | $7.10B | -7% | +6% | 7% | 9.7× | n/a | n/a |
| Oberoi Realty OBEROIRLTY.NS | India | $6.66B | +4% | +16% | 57% | 20.0× | n/a | n/a |
| Prestige Estates Projects PRESTIGE.NS | India | $7.42B | +10% | +66% | 24% | 38.5× | n/a | n/a |
| Ctp CTPNV.AS | Netherlands | $7.43B | -18% | +12% | 67% | 13.0× | n/a | n/a |
| FirstService FSV.TO | Canada | $6.46B | +18% | +3% | 6% | 23.6× | n/a | n/a |
| Fastighets AB Balder BALD-B.ST | Sweden | $6.43B | -2% | +4% | 66% | 12.2× | n/a | n/a |
| NEPI Rockcastle NRP.AS | Netherlands | $6.34B | +9% | +20% | 62% | 12.1× | n/a | n/a |
| Compass COMP | United States | $7.84B | +17% | +68% | 0% | n/a | n/a | n/a |
| Wharf (Holdings) 0004.HK | Hong Kong | $7.92B | -32% | -1% | 41% | 15.7× | n/a | n/a |
| Phoenix Mills PHOENIXLTD.NS | India | $8.13B | +18% | +13% | 52% | 52.0× | n/a | n/a |
| Castellum CAST.ST | Sweden | $5.94B | +10% | -3% | 67% | 16.1× | n/a | n/a |
| Godrej Properties GODREJPROP.NS | India | $5.77B | -4% | +17% | 21% | 24.5× | n/a | n/a |
| Shanghai Zhangjiang Hi-Tech Park Development 600895.SS | China | $5.71B | -33% | +89% | 26% | 36.4× | n/a | n/a |
| Tokyu Fudosan Holdings Corporat 3289.T | Japan | $5.69B | -7% | +6% | 14% | 8.6× | n/a | n/a |
| PSP Swiss Property PSPN.SW | Switzerland | $8.73B | +5% | +44% | 68% | 27.9× | n/a | n/a |
| China Vanke 000002.SZ | China | $5.36B | -17% | -32% | -24% | n/a | n/a | n/a |
| Hulic 3003.T | Japan | $9.16B | +7% | +25% | 23% | 11.5× | n/a | n/a |
| Tsim Sha Tsui Properties 0247.HK | Hong Kong | $5.24B | -20% | +15% | 34% | n/a | n/a | n/a |
AB Sagax has 6 bonds outstanding with $2.98B face value. The agencies rate it Baa2; its bonds trade like BB+. Weighted yield 4.36%, a spread of 139 bp over government bonds.