K-Fastigheter KFAST B
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Full analysis: 6 Apr 2026
Latest news check: 22 Jul 2026
General analysis — not personal advice.
HOLD
6/10
Confidence
Wait for the Q1 report; consider adding only after confirmed deleveraging.
The Q2 profit turnaround and executed project sale support the hold signal pending further evidence of debt reduction.
Market sentiment
7/10
↑
Trend: Improving
Sentiment improves slightly as the reported project sale supports the narrative that the company can execute disposals at meaningful scale, though the market will likely wait for details on pricing, net proceeds and the impact on leverage/interest coverage.
Price context
The share closed at 11.46 SEK, representing roughly 22 % of NAV per share. The price sits 33.5 % below the 52-week high yet has risen 7.3 % over the past three months.
Risk assessment
8/10
Dilution:
Medium
Deleveraging relies on disposals; otherwise funding may be needed
Jurisdiction:
Low
Operations mainly in Sweden and Denmark
Execution:
High
High leverage and reliance on successful asset sales
Recent changes
- Report shows profit turnaround driven by project sale.
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Show all changes (2) — follow the company freeAbout the company
K-Fastigheter is a Swedish real estate company that develops, builds, and manages mainly rental apartments, with vertical integration through its own construction and prefab operations. The company is in a transformation phase focused on strengthening the balance sheet via asset sales and the integration of Brinova. High leverage and interest-rate sensitivity dominate the risk profile.
Sector:
Residential real estate and property development
Type:
Developer
Next report
23 Oct 2026
Q3
Catalysts
23 Oct 2026
Q3 report
High
Q4 2026
Brinova distribution
High
Horizon:
Bull case
Continued divestments can reduce net debt and improve interest coverage.
Bear case
High leverage and reliance on successful transactions remain key risks.
Signal rationale (informational)
The Q2 profit turnaround and executed project sale support the hold signal pending further evidence of debt reduction.
Recent news
- The Q2 report on 21 July showed a net profit turnaround to 15.4 MSEK, higher property management result and confirmed sale of Björlanda Park to Folksam for 793 MSEK.
Price & valuation
Last close
SEK 11.58
1 week
-2.9 %
3 months
+13.3 %
12 months
-28.4 %
From 52w high
-30.1 %
From 52w low
+23.7 %
Exchange
Stockholm
Type
Developer
Sector
Residential real estate and property development
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.