K-Fastigheter KFAST B

Stockholm | Developer | Residential real estate and property development
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Updated: 22 Sep 2026 Base analysis: 6 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Wait for the Q1 report; consider adding only after confirmed deleveraging.

Q2 profit turnaround and completed project sale support the hold signal pending further debt reduction.

Market sentiment Positive ↑
Trend: Improving

Sentiment remains neutral to mildly positive following the ownership change and confirmed insider purchases, but the market awaits further debt reduction.

Risk assessment High
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

HOLD is the call. Positive is the market mood. High risk means a lot can go wrong.

Latest change
  • 22 Jul 2026 — Report shows profit turnaround driven by project sale.

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About 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 (Q3)
23 Oct 2026
Catalysts
●
23 Oct 2026
Q3 report High
○
Q4 2026
Brinova dividend High
Bull case

Continued divestments can reduce net debt and improve interest coverage.

Bear case

High leverage and dependence on successful transactions remain key risks.

Why this signal

Q2 profit turnaround and completed project sale support the hold signal pending further debt reduction.

Recent news
  • Kilenkrysset completed a share exchange on 31 August that raised its voting stake to 10 %. No new acquisitions, divestments or financial reports have been published since the Q2 report in July.

Key figures

Revenue
Q2 2026
SEK 677M
Net income
Q2 2026
SEK 15.4M
Shares outstanding
Total
NONE 246M
EPS
Q2 2026
SEK 0.06
Exchange
Stockholm
Type
Developer
Sector
Residential real estate and property development
K-Fastigheter KFAST B
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