CATENasdaq StockholmReal EstateIFRS · SEK

Catena

Catena is a prominent player in the Nordic logistics property market, focusing on the acquisition, development, and management of logistics properties. The company has established a strong presence in Sweden and Denmark, and recently expanded into Finland with a significant portfolio acquisition. Catena's business model revolves around providing high-quality, environmentally certified logistics spaces to reputable customers, ensuring a stable and growing rental income stream. The company is committed to sustainability, with a large portion of its properties being environmentally certified.

Revenue2,193m SEK
+0.0 %y/y
Net income1,644m SEK
+52.2 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

01,0002,0003,000m SEK2021: 1,387 m SEK20212022: 1,544 m SEK2022: EBIT 2,647 m SEK20222023: 1,808 m SEK2023: EBIT 1,816 m SEK20232024: 2,193 m SEK2024: EBIT 1,977 m SEK20242025: 2,193 m SEK20252,193
RevenueOperating profit (EBIT)

Business

Share of revenue
Logistics Property Management50 %

Management of logistics facilities to ensure high occupancy and rental income.

Property Development20 %

Development of new logistics properties to expand the portfolio.

Property Acquisition30 %

Acquisition of existing logistics properties to strengthen market position.

Customers

Catena serves a diverse range of customers, primarily focusing on businesses that require logistics and warehousing solutions. These customers include large retail chains, e-commerce companies, and third-party logistics providers. The company's properties are strategically located to support efficient supply chain operations, making them attractive to businesses looking to optimize their logistics networks. Catena's commitment to sustainability also appeals to environmentally conscious companies seeking green-certified facilities.

Retail Chains

Require logistics solutions for distribution centers.

E-commerce Companies

Need warehousing for online order fulfillment.

Third-party Logistics Providers

Optimize supply chains with strategic locations.

Environmentally Conscious Companies

Prefer green-certified facilities for sustainability.

Strategy

Catena's strategic priorities include expanding its property portfolio through acquisitions and developments, with a focus on environmentally certified logistics properties. The company aims to strengthen its market position in the Nordic region by entering new markets like Finland. Sustainability is a key strategic focus, as Catena seeks to enhance the environmental performance of its properties. The company also prioritizes maintaining high occupancy rates and stable rental income to ensure financial stability.

Expand property portfolioMedium term

To increase market share and revenue.

Sustainability focusLong term

To meet growing demand for green-certified properties.

Geographic expansionShort term

To enter new markets and diversify revenue streams.

Geography

Catena's operations are primarily concentrated in the Nordic region, with significant presence in Sweden and Denmark. The recent expansion into Finland marks a strategic move to broaden its market footprint. The company's properties are strategically located to support logistics operations across these countries, enhancing its appeal to businesses with regional supply chain needs. This geographic focus allows Catena to leverage regional market dynamics and regulatory environments to its advantage.

Risks

Catena faces several risks, including market fluctuations in the real estate sector and changes in demand for logistics properties. Economic downturns could impact rental income and property values. The company's expansion into new markets like Finland introduces geopolitical and regulatory risks. Environmental regulations pose a risk, as Catena must ensure compliance with sustainability standards. Additionally, the company is exposed to interest rate fluctuations, which can affect financing costs and profitability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic downturns1Market fluctuations2Geopolitical risks3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic downturnsImpact: CriticalLikelihood: Medium

    Could lead to reduced rental income and occupancy.

  2. Market fluctuationsImpact: HighLikelihood: Medium

    Real estate market volatility can affect property values.

  3. Geopolitical risksImpact: HighLikelihood: Low

    Expansion into new markets like Finland introduces uncertainties.

  4. Environmental complianceImpact: Medium

    Stricter regulations could increase operational costs.

Accounting

Judgemental items
Valuation of investment properties

Significantly impacts reported earnings and asset values.

Revenue recognition timing

Crucial for rental income reporting and cash flow analysis.

Lease accounting under IFRS 16

Affects balance sheet presentation of leased properties.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Catena (CATE) Revenue, Earnings & Financials 2025 – Clarifo