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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

  • David Flemmich, Nordea
  • Erik Granström, Carnegie
  • Fredrik Cyon, Carnegie
  • Tobias Kaj, ABG Sundal Collier
  • Jan Ihrfelt, Kepler Cheuvreux
  • Albin Sandberg, Kepler Cheuvreux
  • Philip Hallberg, Danske Bank
  • Johan Edberg, Handelsbanken
  • Stefan Andersson, SEB
  • Markus Henriksson, Pareto
  • Simen Mortensen, DNB

The dividend

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.

Share-related key figures

Multi-year summary 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Rental income, SEKm

8,134 7,609 6,714 5,915

5,373

2,711

2,525

1,884

1,701

1,466

1,333

854

633

678

Profit from property management, SEKm

4,244 4,023 3,304 2,804 2,265 1,780 1,275 854 691 516 417 315 174 179
Changes in value of investment properties, SEKm 3,453 9,577 8,007 5,336 4,932 3,388 3,050 854 812 990

1,047

4 -201 642
Changes in value of interest rate derivatives, SEKm -141 -180 -34 144 -114 227 -624 433 -71 -520 148 -23 -333 7
Net profit for the year, SEKm 6,641 8,958 9,308 7,118 5,474 4,916 3,128 1,738 1,162 812 1,338 248 -388 785
Investment properties, SEKm 149,179 141,392 116,542  98,360 86,177 68,456 37,382 27,532 22,278 17,556 14,389 12,669 7,086 6,758
Development properties, SEKm 2,803 2,344 1,598 - - - - - - - - - - -