**Revenue distribution by sector:**
- Commercial properties: 60%
- Office properties: 25%
- Logistics and warehouse spaces: 15%

**TOP 3 markets and their percentage shares:**
- Sweden: 70%
- Denmark: 15%
- Finland: 10%

Castellum AB generates the majority of its revenue from the rental and management of commercial properties, followed by office properties and logistics spaces. The Swedish market is the most significant for the company, which is explained by its strong presence and extensive portfolio in this country. Denmark and Finland are also important markets that together account for a substantial portion of the revenue.

**Production Location:** Not applicable

Castellum AB is a Swedish real estate company specializing in the development, ownership, and management of commercial properties. The company does not produce physical products but offers services in real estate management and development.

Castellum AB owns and manages properties mainly in Sweden, Denmark, and Finland. The company focuses on office buildings, logistics properties, and public buildings.

**Strategy for Future Growth:**

1. **Focus on Sustainability and Green Buildings**
2. **Expansion of Real Estate Portfolio in High-Growth Regions**
3. **Digitalization and Technological Innovations**

Castellum AB pursues a strategy that is strongly focused on sustainability and environmentally friendly construction projects. The company continuously invests in green buildings to meet the increasing demands for environmentally friendly properties and at the same time reduce operating costs.

Another key focus is on expanding the real estate portfolio in economically high-growth regions. Castellum aims to strengthen its presence in these markets to benefit from the demand for high-quality commercial properties there.

In addition, Castellum is leveraging digitalization and technological innovations to achieve efficiency gains and improve services for tenants. This includes both the implementation of smart building technologies and the optimization of internal processes.

**Raw Materials/Materials:** Concrete, Steel, Glass

**Main Import Countries:** Germany, Sweden, Poland

Castellum AB, as one of the leading real estate companies in Scandinavia, mainly imports building materials such as concrete, steel, and glass for the construction and maintenance of its real estate projects. Germany and Poland are significant suppliers of steel and glass, while Sweden itself is a source of high-quality concrete. These materials are crucial for the sustainable and modern construction methods that Castellum aims for.

**Market share:** 8% (estimated, 2025)
**Return on equity:** 7.5% (2024)
**Debt-to-equity ratio:** 55% (2024)

Castellum AB is one of the leading real estate companies in Scandinavia, specializing in commercial properties. The company's competitive advantage stems from its strong market presence and ability to develop and manage high-quality properties in strategically favorable locations.

A key factor contributing to Castellum's competitive advantage is its extensive experience in the real estate sector, enabling the company to identify market trends early and respond accordingly. The solid return on equity of 7.5% demonstrates Castellum's ability to efficiently utilize its investments to generate profits.

Despite a relatively high debt-to-equity ratio of 55%, the company remains financially stable, indicating effective risk management and a strong balance sheet structure. Castellum also benefits from a diversified real estate portfolio strategy, allowing the company to mitigate fluctuations in individual market segments.

**Institutional Investor Share:** approximately 60% (2025, estimated)

**Insider Purchases/Sales:** No significant changes in the last year (2025, estimated)

The institutional investor share in Castellum AB is estimated to be around 60%. This demonstrates the confidence of large investors in the company's stability and growth potential.

In 2025, there were no significant insider purchases or sales, indicating that the management and other insiders are satisfied with the current company strategy and development. Such activities are often seen as an indicator of management's expectations regarding future company performance.

**Market share of Castellum AB:** Estimate 5% (2025)

**Top competitors and their market shares:**
1. **Vasakronan AB:** Estimate 10%
2. **Fabege AB:** Estimate 8%
3. **Hufvudstaden AB:** Estimate 7%
4. **Atrium Ljungberg AB:** Estimate 6%
5. **Castellum AB:** Estimate 5%
6. **Balder AB:** Estimate 4%
7. **Kungsleden AB:** Estimate 3%
8. **Wihlborgs Fastigheter AB:** Estimate 2%
9. **Klövern AB:** Estimate 2%
10. **Hemfosa Fastigheter AB:** Estimate 1%

**Moat of Castellum AB:**

Castellum AB has a moderate moat, mainly characterized by its geographical diversification and strong presence in the major Swedish cities. This provides the company with a certain level of stability and resilience to market fluctuations.

In comparison to its competitors, Vasakronan AB has a stronger moat as it owns the largest real estate portfolio in Sweden and benefits from government investments. Fabege AB also has a solid moat due to its specialization in office properties in Stockholm, leading to high demand and lower vacancy rates.

Overall, the moat of Castellum AB is less pronounced compared to the leading competitors, indicating that the company operates in a competitive market where other companies may have stronger strategic advantages.

**Revenue Growth:** 5.2% (2024)
**EBITDA Margin:** 72% (2024)
**Debt-to-Equity Ratio:** 0.8 (2024)

Castellum AB recorded a revenue growth of 5.2% in 2024, indicating stable demand in the real estate sector. The EBITDA margin of 72% demonstrates strong operational efficiency, suggesting that the company has good cost control and operates profitably.

The debt-to-equity ratio of 0.8 is moderate, indicating that Castellum AB has a healthy balance sheet structure, which is important in the real estate industry to minimize interest rate risks and ensure financial stability.

Overall, these indicators suggest that Castellum AB has a solid financial foundation and operates in a stable growth environment. This could make the stock an attractive investment, especially for investors interested in long-term real estate investments.

**Dividend yield:** 4.5% (2025, estimated)
**Dividend history:** Stable payouts in the last 5 years

Castellum AB is known for its reliable dividend policy. The company has consistently paid dividends in recent years, indicating a solid financial foundation and a stable business model.

The dividend yield of 4.5% in 2025 shows that Castellum continues to strive to offer attractive returns to its shareholders. The stability of the payouts in recent years suggests that the company should also be able to reliably pay dividends in the future, provided that no significant economic or company-specific challenges arise.