The share, number of shares, shareholders and dividends
The Balder share, Balder B, is listed on Nasdaq Stockholm since 2005. The share capital in Balder amounts to SEK 186,500,000 distributed among 186,500,000 shares. The main shareholder in Fastighets AB Balder is Erik Selin Fastigheter AB.
The Balder share is listed on Nasdaq Stockholm, Large Cap. The share capital in Balder amounts to SEK 186,500,000 distributed among 186,500,000 shares. Each share has a quota value of SEK 1.00, whereof 11,229,432 of Class A and 172,270,568 of Class B. The total number of outstanding shares amounts to 186,500,000. Each Class A share carries one vote and each Class B share carries one tenth of one vote.
The main shareholder in Fastighets AB Balder is Erik Selin Fastigheter AB which owns 35.1 % of the capital and 48.8 % of the votes. Other larger owners are Arvid Svensson Invest AB and Swedbank Robur fonder. The number of shareholders amounts to approximately 22,000.
Why invest in Balder?
- Stable growth since its stock exchange launch
Balder’s most important goal is to increase the profit from property management per share over time. Over the past five years, the profit from property management has increased by an average of 19 % per year and the net asset value by an average of 24 % per year. During the same period, the share has been traded at an average of 106 % of the net asset value and 16 times the profit from property management.
- Long-term, engaged owners
The principal owner of Fastighets AB Balder is Erik Selin Fastigheter AB, Arvid Svensson Invest AB and a number of institutional investors. Balder’s goal is to generate the best long-term total yield for its shareholders. The assessment continues to be that this is best achieved by reinvesting the profits in the business in order to create further growth.
- Well-diversified portfolio with focus on capital cities and major cities with growth potential
The company’s total property portfolio consists of approx. 60 % residential and 40 % commercial properties. The largest part of the property value is found in the regions of Stockholm, Helsinki and Gothenburg.
- A comprehensive project portfolio with great potential
The Group has projects of more than 230,000 sq.m. with estimated construction start during 2021 and almost 1,500,000 sq.m. with estimated construction start in 2022 and onwards.
- A strong balance sheet and low financial risk
Balder has an investment grade rating from S&P of BBB with a stable outlook. The rating reflects, among other things, the fact that Balder has a large property portfolio that is well-diversified in terms of both property types and geography, and that Balder has stable rental income, a high and stable occupancy rate and a well-diversified loan maturity structure with a modest proportion of secured debt.
Analysts following Balder
- Staffan Bülow, Nordea
- Erik Granström, Carnegie
- Fredrik Cyon, Carnegie
- Markus Henriksson, ABG Sundal Collier
- Jan Ihrfelt, Kepler Cheuvreux
- Albin Sandberg, Kepler Cheuvreux
- Johan Edberg, Handelsbanken
- Stefan Andersson, SEB
- Emil Ekholm, Pareto
- Viktor Hökenhammar, Pareto
- Niklas Wetterling, DNB
Balder’s goal is to generate the best long-term total yield for its shareholders. The assessment is that this is best achieved by reinvesting the profits in the business in order to create further growth.
The dividend will therefore remain low or will not be declared at all in the next few years. Balder will instead continue to grow by investing in existing properties, new construction and the acquisition of new properties.