Fastighets AB Balder: Business Overview, Financials & Competitive Analysis
Fastighets AB Balder scores 7/10 on the AskCyborg Cyborg Score (Strong). Premium Nordic real estate platform with stable cash generation and sustainable growth positioning, supported by quality portfolio and strong shareholder backing. Balder demonstrates solid operational performance with consistent 7% growth in rental and net operating income in 2025, a substantial portfolio valued at SEK 228.6 billion, and stable dividend-generating.
What is Fastighets AB Balder's industry? Fastighets AB Balder (balder.se) operates in Real Estate Investment & Management (Residential & Commercial Properties). AskCyborg classifies Fastighets AB Balder under Real Estate Investment & Management (Residential & Commercial Properties) in its company registry.
Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. As of 31 December 2025, the ...
Cyborg Score thesis
Premium Nordic real estate platform with stable cash generation and sustainable growth positioning, supported by quality...
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Pro stress-test →Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. As of 31 December 2025, the property portfolio had a value of SEK 228.6 billion. The company generates revenue primarily through rental income from its diversified portfolio of residential and commercial real estate.
Strategic Profile
Pro stress-test →Rental income and net operating income both grew by 7% in 2025, with profit from property management increasing by 5% per share. Erik Selin Fastigheter AB holds 33.0% of the capital and 46.9% of the votes, with other major owners including Arvid Svensson Invest AB, Swedbank Robur Fonder and AMF Fonder & Pension. Balder maintains strong market positioning through geographic diversification across Northern and Western Europe and is expanding its sustainable financing framework for green and social projects.
Competitive Landscape
Pro stress-test →Balder competes in the Nordic/Northern European institutional real estate sector alongside other large property companies. Primary competitors include regional real estate operators and international property funds focused on similar geographic markets. Balder's competitive advantages include its substantial portfolio size, multi-country presence, residential focus, institutional ownership, and integrated development capabilities. The company faces competition from both public REITs and private real estate platforms across its operational geographies.
Industry Context
Fastighets AB Balder operates in Real Estate Investment & Management (Residential & Commercial Properties).
Key facts
Founded: 2005 (listed on Nasdaq) · Headquarters: Gothenburg, Sweden · Revenue: SEK 13.721B (2025 rental income) · Market cap: SEK 67.27B (~€7-8B USD equivalent)